Micronetics Receives a $2.2M Order for Subassemblies Used in Commercial Satellite In-Flight Broadband Connectivity
September 03 2008 - 3:10PM
Business Wire
Micronetics, Inc. (NASDAQ:NOIZ) announced today that its subsidiary
Microwave Concepts, Inc. has booked an order from a leading RF
subsystem manufacturer. This order, totaling $2.2M, is for a highly
integrated microwave subassembly that is a key element of the
communications system providing the in-flight internet access on
commercial and business aircraft. David Robbins, Chief Executive
Officer of Micronetics, stated, �This order further validates the
ongoing demand for in-flight broadband connectivity. There are FAA
approvals needed before wide-scale deployment can happen, and we
are working hard to expedite this process. All testing has been
successfully completed and once FAA review and evaluations are
complete, we expect rapid production and delivery requirements for
this equipment. This order is anticipated to ship over a 6-month
period.� 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 Avionics, Airspan, Anaren Microwave, BAE
Systems, Boeing, Comtech, EADS, EDO/Benchmark, General Dynamics,
ITT Electronic Warfare Systems, L-3 Communications, Lockheed
Martin, Nextwave/Jabil Circuit, Northrop Grumman, Pegasus GSS,
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,
2008 as well as its other filings with the Securities and Exchange
Commission.
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