Micronetics Receives a Follow-On Order Valued at $1 Million for Microwave Subsystems
March 20 2006 - 9:38AM
Business Wire
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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