Micronetics Expands into the Commercial Satellite Based In-Flight Broadband Market
January 30 2008 - 12:30PM
Business Wire
Micronetics, Inc. (NASDAQ:NOIZ) announced today that it has
received a development order for integrated microwave subsystems
from a leading antenna manufacturer. These highly integrated
microwave subsystems will be used for satellite based broadband
connectivity on commercial airlines. The pre-production units are
scheduled to be delivered in the current quarter (Q4� FY08) for use
in qualification testing and field trials. David Robbins, President
& CEO of Micronetics, stated, "This order is an endorsement
that our satellite microwave subsystem technology, which has been
predominantly used for in-flight live TV, is now expanding into the
commercial in-flight broadband connectivity marketplace." About
Micronetics: Micronetics manufactures microwave and radio frequency
(RF) components and integrated sub-assemblies 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 and UTStarcom. 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, 2007 as well as its other filings with the
Securities and Exchange Commission.
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