Endwave Awarded Production Contract from Boeing
July 15 2008 - 8:30AM
Business Wire
Endwave Corporation (Nasdaq:ENWV), a leading provider of
high-frequency RF modules for telecommunications networks, defense
electronics and homeland security systems, today announced the
award of an 18-month production contract from The Boeing Company to
supply broadband frequency converters used in the modernization of
the United States Air Force�s Airborne Warning and Control System
(AWACS) 3035 system. AWACS provides survivable airborne
surveillance, command, control and communications functions and
early warning detection and tracking of low-level targets at
extended ranges over land and water. �This production contract from
Boeing is another important and exciting win for Endwave in the
defense electronics market,� said Ed Keible, Endwave�s President
and Chief Executive Officer. �For several years we�ve invested
aggressively in our defense business, including several ongoing
programs for Boeing, and we are excited to see this investment
paying off in the form of long-term production contracts such as
this.� 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 43
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 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, including statements
concerning anticipated deliveries and product performance. Words
such as �plan,� �intend,� �expect,� �believe,� �anticipate� 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 successful
implementation of next-generation programs, including inventory
transitions; our suppliers� abilities to deliver raw materials to
our specifications and on time; our ability to penetrate new
markets; our reliance on third-party manufacturers and
semiconductor foundries; volatility resulting from consolidation of
key customers; our ability to achieve revenue growth and maintain
profitability; our customer and market concentration; fluctuations
in our operating results from quarter to quarter; acquiring
businesses and integrating them with our own; component, design or
manufacturing defects in our products; 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 subsequently-filed reports on Form 10-Q. Endwave does not
undertake any obligation to update such forward-looking statements.
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