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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