Micronetics Delivers Equipment for the Commercial Satellite Based In-Flight Broadband Market
May 30 2008 - 8:00AM
Business Wire
Micronetics, Inc. (NASDAQ:NOIZ) announced today that it�s
subsidiary, Microwave Concepts (Micro-Con), has delivered an
integrated microwave subsystem used to enable satellite based
in-flight broadband connectivity. This subsystem is being examined
by the FAA (Federal Aviation Administration) and is expected to be
evaluated by multiple airlines over the next several months. Once
the review and evaluations are complete, we expect rapid production
and delivery requirements for this equipment. David Robbins,
President and CEO of Micronetics, stated, �This delivery is a
critical milestone. It culminates six months of technical
development and meets all of the customer�s requirements. We are
enthusiastic about the assessment of this equipment on multiple
airlines and believe these trials will further validate the
robustness of our product.� 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, 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, Micronetics�
quarterly reports for the fiscal quarters ended since March 31,
2007, as well as its other filings with the Securities and Exchange
Commission.
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