ENWV Endwave Corp. (MM)

Raytheon Integrates Endwave Subsystems Into Battlefield Program SUNNYVALE, Calif., Aug. 25 /PRNewswire-FirstCall/ -- Endwave Defense Systems, a wholly-owned subsidiary of Endwave Corporation (NASDAQ:ENWV) and leading provider of innovative high-frequency subsystem solutions for defense electronics and other government end-use applications, today announced the receipt of follow-on orders from Raytheon Company for 189 microwave subsystems to be used on the SMART-T program. Deliveries are expected to begin in the fourth quarter of 2005, and will be completed in the fourth quarter of 2006. Endwave has been a supplier to the SMART-T program for the past seven years from Endwave Defense Systems' Manufacturing Center of Excellence located in Diamond Springs, California. The AN/TSC-154 SMART-T system (Secure Mobile Anti-Jam Reliable Tactical- Terminal) is a joint, mobile, multi-channel terminal that provides tactical users with secure, survivable, anti-jam, low probability of intercept and detection satellite communications in a HMMWV configuration. The program supports advancing forces as they move beyond the line-of-sight capability of Mobile Subscriber Equipment (MSE) and can use Milstar and commercial satellite communications links. "These follow-on orders from Raytheon support our growing market position in high-frequency subsystems for defense applications," said Ed Keible, CEO and President of Endwave Corporation. "At Endwave Defense Systems, we are proud to be part of a program that provides our troops around the world the best tools available to help manage an 'intelligent battlefield,'" added Keible. 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. Our RF modules are typically used in high-frequency applications and include 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/ . "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 ability to achieve and maintain profitability; our customer and market concentration; 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 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 annual report on Form 10-K and quarterly report on Form 10-Q. Endwave does not undertake any obligation to update such forward-looking statements. DATASOURCE: Endwave Defense Systems CONTACT: Mark Hebeisen, VP Marketing of Endwave Corporation, +1-978-686-4400, ext. 105, or Web site: http://www.endwave.com/

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