Micronetics Receives an Order in Excess of $8M for Microwave Subassemblies Used in Jamming Systems
January 08 2009 - 1:00PM
Business Wire
Micronetics, Inc. (NASDAQ:NOIZ) announced today that it's New
Jersey-based subsidiary, Microwave Concepts has been awarded a firm
fixed contract from a leading defense contractor for microwave
assemblies used in a high performance jamming system. Demand for
this system has been strong and additional system add-ons are
expected over the next 6 months. This award is the contract
finalization that started with advanced funding received by
Micronetics in June 2008. Hardware deliveries to this contract have
commenced in Q3 FY09 and will continue for 18 months. David
Robbins, CEO of Micronetics, stated, "We are pleased to support a
large important program like this and believe it validates the
close and transparent relationship with our customer." Tony
Pospishil, General Manager of Micro-Con, added, "We continue to
focus on integrating various broadband microwave technologies to
support high performance jamming systems and electronic systems
modernization efforts. We are proud to be a part of the enabling
technology in this advanced jamming system." 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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