ENWV Endwave Corp. (MM)

Endwave and SafeView Sign Next-Generation Development Agreement for Homeland Security System Endwave Awarded Phase II Development Contract in Conjunction With a Multi-Year Production Agreement for SafeView's Security Screening Checkpoint System SUNNYVALE, Calif., March 30 /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 execution of a Phase II development contract to engineer next-generation hardware in preparation for volume production for SafeView, Inc. Additionally, the companies have agreed to a multi-year production agreement for the Phase II switch systems, which are expected to be deployed by SafeView starting in early 2006. Endwave will continue to deliver the current Phase I hardware to SafeView with a coordinated phase-in / phase-out plan anticipated toward the end of 2005. SafeView is a privately-held developer of an innovative security portal screening system. Endwave and SafeView have been in pre-production collaboration for over a year, with Endwave providing the transceiver and RF switching systems for the portal. Beta-system units have been produced and delivered by Endwave, and successfully demonstrated by SafeView in trial systems deployed in various locations around the world. "This development agreement marks the next important step in our collaboration with SafeView, as we introduce Endwave's low-cost millimeter-wave technology in preparation for high-volume production of our switch systems," said Ed Keible, President and Chief Executive Officer of Endwave. "This milestone is indicative of Endwave's commitment to diversifying our RF business base and further demonstrates that Endwave's RF technology and volume manufacturing capability are a perfect fit for these high-volume, high-frequency applications." "SafeView has been very pleased with Endwave's performance and support during our beta field testing phase," said Rick Rowe, Chief Executive Officer of SafeView. "Awarding this design and manufacturing contract to Endwave further supports our belief in its demonstrated core competence in low-loss millimeter-wave switching and power distribution. As the millimeter-wave transceiver module and the RF distribution network are complementary parts of our overall system, we are pleased to continue to work with Endwave on both fronts. Our next phase of collaboration is highly critical as we begin extensive integration efforts and expect a significant ramp towards volume production in the months ahead," added Rowe. 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 38 issued patents covering its core technologies including semiconductor and proprietary circuit designs. Endwave Corporation is headquartered in Sunnyvale, CA, with operations in Diamond Springs, 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/ . About SafeView SafeView, Inc. is a privately-held developer of systems using patented detection technology for various security applications, and is based in Santa Clara, CA. SafeView holds an exclusive license to commercialize the active millimeter wave holographic technology from Battelle Laboratories, which manages the Pacific Northwest National Laboratory for the Department of Energy. SafeView's system uses an active millimeter wave technology that is safe and offers unique detection of objects made of metal, plastic, ceramic, and other materials that may be hidden under clothing without using ionizing radiation. SafeView's system offers a more effective and less intrusive alternative to metal detectors, pat down searches, and other means used to ensure safety in public areas. Additional information about SafeView can be accessed from the company's web site at http://www.safe-view.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" and similar expressions are intended to identify these forward-looking statements. These statements include, but are not limited to, statements regarding product development and the timing thereof. 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 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. 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 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. DATASOURCE: Endwave Corporation CONTACT: Mark Hebeisen, VP Marketing for Endwave Corporation, +1-978-686-4400, ext. 105 Web site: http://www.endwave.com/

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