Micronetics Receives an Order for Microwave Subsystems Valued at over $1 Million for Airborne Direct Broadcast Satellite Applic
August 24 2006 - 2:04PM
Business Wire
Micronetics, Inc. (NASDAQ:NOIZ) announced today that it has
received an order for integrated microwave subsystems from a
leading direct broadcast satellite (DBS) antenna manufacturer
valued at over $1 million. These microwave subsystems will be
installed onboard a fast growing regional commercial airline. This
order is expected to ship over the next nine months, starting in
the third quarter of the current fiscal year. David Robbins,
President & CEO of Micronetics, stated, "This order is an
endorsement that our high performance technology, which has been
predominantly in use on business jets to enable in-flight live TV,
is now expanding into the commercial air transport marketplace."
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,
General Dynamics, Harris, IPWireless, ITT, L-3 Communications,
Lockheed Martin, Northrop Grumman, Qualcomm, Raytheon, Teradyne,
Tektronix, Thales. 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 reductions in
spending by certain of our customers, our ability to operate and
integrate acquired companies, our ability to manage our growth,
disruptions in supply or production, increased levels of debt, our
ability to protect our proprietary information, future economic
conditions in our industry and 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,
2006.
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