Micronetics, Inc. (NASDAQ:NOIZ) announced today that it received a follow-on order of over $1 million for microwave subsystems from a leading antenna manufacturer. The microwave subsystems are part of a fully integrated antenna system that receives airborne Direct Broadcast Satellite (DBS) television signals and distributes them to an on-board in-flight entertainment system. Micronetics expects to start delivering in the first quarter of FY 2007, with a completion date expected early in the second quarter. David Robbins, President of Micronetics, stated, "This order's timing, quantity, and delivery requirements are signs of a maturing marketplace and indicate to us future growth opportunities. Micronetics manufactures microwave and radio frequency (RF) components and integrated subassemblies used in a variety of defense, aerospace and commercial applications. Micronetics also manufactures and designs test equipment and components that test the strength, durability and integrity of communication signals in communications equipment. Micronetics serves a diverse customer base, including Aerosat, Airspan, BAE Systems, Boeing, EADS, IP Wireless, ITT, L-3 Communications, Lockheed Martin, Northrop Grumman, Qualcomm, Raytheon, Teradyne, Tektronix, Thales. Micronetics also operates through its wholly owned subsidiaries, Enon Microwave, Inc.; Microwave & Video Systems, Inc.; Microwave Concepts, Inc. and Stealth Microwave, Inc. Additional information can be found on our website at www.micronetics.com. Some of the statements contained in this news release are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, including but not limited to the success of the products into which the Company's products are integrated, internal projections as to the demand for certain types of equipment, competitive products and pricing, the success of new product development efforts, the timely release for production and the delivery of products under existing contracts, access to financial resources, future economic conditions generally, as well as other factors. The information in this release should be reviewed in conjunction with Micronetics' Annual Report for its fiscal year ended March 31, 2005.
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