Micronetics Receives $1 Million Follow-on Order for Microwave Subsystems for Use in Airborne DBS Live TV Systems
August 30 2006 - 1:22PM
Business Wire
Micronetics, Inc. (NASDAQ:NOIZ) announced today that it has
received a follow-on order for microwave subsystems from a leading
antenna manufacturer valued at approximately $1 million. These
subsystems will be integrated into airline-class executive and VIP
jet aircraft to enable in-flight DBS (Direct Broadcast Satellite)
live TV. This order is expected to ship over the next six months,
starting in the second quarter of the current fiscal year. David
Robbins, President & CEO of Micronetics, stated, "This
follow-on order, along with the order we recently announced, is
evidence of our growing strength in the airborne live TV market."
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 and Thales. Additional information can be found on our
website at http://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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