ENWV Endwave Corp. (MM)

Endwave Amplifiers Power Video Down-Link System From AAI Corporation SUNNYVALE, Calif., Nov. 9 /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, homeland security and other government end-use applications, today announced the receipt of follow-on orders from AAI Corporation for 126 JCA Amplifiers(TM) to be used on the Shadow(R) TUAV (Tactical Unmanned Aerial Vehicle) program. Unmanned Aerial Vehicles are pilot-less drones that operate remotely or autonomously, providing battlefield intelligence to armed forces on the ground in support of conventional combat raids, counter mortar operations, and search-and-rescue operations. "Tactical" UAVs, like the Shadow, are generally categorized as those having a range from the UAV's ground control station of up to 200 kilometers, while "Endurance" UAVs include those with a range beyond 200 kilometers. Each Shadow TUAV system consists of four air vehicles and two ground control stations, providing U.S. Army brigade commanders with crucial real-time reconnaissance. A Shadow TUAV is launched from a hydraulic catapult, after which an operator then controls the drone to the proper aerial location from a ground control station. It is virtually undetectable while flying at extremely high altitudes, and uses advanced imaging systems that are capable of observing operations from great distances. Once over the target, control is then passed from the ground control station on the runway to an operator in a tactical operations center. The camera mounted on the Shadow produces color video during the day and black-and-white thermal images at night. The Endwave Defense Systems low-noise amplifiers are a critical part of the video down-link system provided by AAI Corporation. "We are excited about these follow-on orders from AAI Corporation for the critical Shadow UAV program -- a high profile 'intelligent battlefield' program that has used our JCA Amplifiers(TM) for over four years," said Ed Keible, President and Chief Executive Officer of Endwave Corporation. "At Endwave Defense Systems, our expertise in high-frequency technology solutions makes us an ideal partner for UAV applications where maximum performance is achieved with minimal cost, weight, and size," 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/ . About AAI Corporation AAI Corporation, founded in 1950, is a global corporation whose products and services include an array of innovative defense technologies. Their businesses range from unmanned tactical aerial vehicle systems for the U.S. Army and allied armed forces to training and simulation systems, automated aircraft test and maintenance equipment, armament systems, logistical and engineering services, and other leading-edge technology solutions for defense. AAI is a subsidiary of United Industrial Corporation (UIC), which is also the parent of Detroit Stoker, a manufacturer of combustion equipment for biomass and refuse fuels. UIC and AAI are headquartered in Hunt Valley, Maryland, where AAI has more than 200,000 square feet of facilities and manufacturing space. In addition, AAI has some 2,000 employees and annual sales of more than $350 million. The company has additional key facilities in Charleston, South Carolina, and numerous field offices around the country that support various defense industry customer bases and requirements. ESL Defence Limited (ESL), an electronic warfare systems company based in the United Kingdom, is an operating subsidiary of AAI. Additional information about the company can be accessed from the company's web site at http://www.aaicorp.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; 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 quarterly report on Form 10-Q. Endwave does not undertake any obligation to update such forward-looking statements. DATASOURCE: Endwave Corporation CONTACT: Mark Hebeisen, VP Marketing & Business Development of Endwave Corporation, +1-978-686-4400, ext. 105, or Web site: http://www.aaicorp.com/ Web site: http://www.endwave.com/

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