ENWV Endwave Corp. (MM)

Endwave Wins $1.7M Follow-on Contract from a Major Wireless Telecom OEM SAN JOSE, Calif., Oct. 2 /PRNewswire-FirstCall/ -- Endwave Corporation (NASDAQ:ENWV), a leading provider of high frequency RF modules for telecommunications networks, defense electronics and homeland security systems, today announced the receipt of a new contract from a major wireless telecommunications OEM totaling approximately $1.7 million. This contract covers the design and initial production deliveries for new RF subsystems which address two additional licensed frequency bands for point-to-point radios, expanding upon the previous contract award to Endwave that was announced in January of 2007. As wireless infrastructure OEMs roll out new microwave radio platforms for use in backhaul networks, most cellular operators require that a full suite of frequency variants are available to cover any of the possible licenses that are necessary to operate these radios over specific frequency bands. With this new contract award, Endwave will now provide four of the licensed-band variants for this new adjustable data-rate microwave radio platform. As specific frequency requirements are different from country to country, providing RF subsystems on multiple frequency bands helps address a larger scope of global opportunities and reduces the risk associated with changes in market demand for any particular frequency variant. Endwave will design advanced transmit-receive modules covering various licensed frequency bands for communication links operating at data rates from 6 Mb/second to 600 Mb/second. Endwave's RF subsystems will provide key enabling technology for an advanced radio architecture allowing operators to provide scalable transmission capacity based on a common remotely upgradeable platform that spans TDM-based and IP/Ethernet-based radio applications. With ever-increasing voice and data capacity needed for next-generation mobile networks, this is driving an expansion in the mobile core network relying on point-to-point communication links that provide a scalable transmission capacity for operators -- thereby reducing the life-cycle costs of their equipment. "We are excited to secure additional frequency variants and increase our ability to support a greater portion of our customer's world-wide radio business," said Ed Keible, Endwave's Chief Executive Officer and President. "Our expanded role on this adjustable data-rate microwave radio platform indicates the high confidence our customer has in Endwave's ability to bring advanced technology to market in a timely fashion." About Endwave Endwave Corporation designs, manufactures and markets RF modules that enable the transmission, reception and processing of high-frequency signals in telecommunications networks, defense electronics and homeland security systems. These RF modules include high-frequency integrated transceivers, amplifiers, synthesizers, oscillators, up and down converters, frequency multipliers and microwave switch arrays. Endwave has 42 issued patents covering its core technologies including semiconductor and proprietary circuit designs. Endwave Corporation is headquartered in San Jose, CA, with operations in Diamond Springs, CA; El Dorado Hills, CA; Andover, MA; and Chiang Mai, Thailand. Additional information about the company can be accessed from the company's web site at http://www.endwave.com/. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking statements within the meaning of the Federal securities laws and is subject to the safe harbor created thereby. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Words such as "plans," "intends," "expects," "believes" and similar expressions are intended to identify these forward-looking statements. Information contained in forward-looking statements is based on current expectations and is subject to change. Actual results could differ materially from the forward-looking statements due to many factors, including the following: our suppliers' abilities to deliver raw materials to our specifications and on time; our successful implementation of next-generation programs, including inventory transitions; our ability to achieve and maintain profitability; our customer and market concentration; our ability to penetrate new markets; fluctuations in our operating results from quarter to quarter; our reliance on third-party manufacturers and semiconductor foundries; acquiring businesses and integrating them with our own; component, design or manufacturing defects in our products; and our dependence on key personnel; and fluctuations in the price of our common stock. Forward-looking statements contained in this press release should be considered in light of these factors and those factors discussed from time to time in Endwave's public reports filed with the Securities and Exchange Commission, such as those discussed under "Risk Factors" in Endwave's most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q. Endwave does not undertake any obligation to update such forward-looking statements. Contact: Mary McGowan Summit IR Group, Inc. 408-404-5401 DATASOURCE: Endwave Corporation CONTACT: Mary McGowan of Summit IR Group, Inc., +1-408-404-5401, , for Endwave Corporation Web site: http://www.endwave.com/

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