Micronetics Receives Approximately $5.0M in Advanced Funding for Microwave Subassemblies Used in Jamming Systems

Micronetics, Inc. (NASDAQ:NOIZ) announced today that its New Jersey-based subsidiary, Microwave Concepts (Micro-Con), has received advanced funding of approximately $5.0 million from a major defense OEM for highly integrated microwave subassemblies. These subassemblies are used as part of a complex jamming system. In addition to this advanced funding, full funding of production quantities is expected within 90 days. The anticipated period of performance on this program is approximately 24 months.

David Robbins, CEO of Micronetics, stated, �We are proud of our Micro-Con microwave subsystems division's continuing success and recognition as a premier supplier of high performance subsystems to the electronic warfare marketplace. This large order is a testament to the continuing strong end-customer demand for these important products.�

Tony Pospishil, General Manager of Micro-Con, added, �We believe this follow-on contract for broadband highly integrated microwave subassemblies validates our customer�s satisfaction with our prior performance as well as their confidence in our ability to continue delivery of high quality products for their advanced system needs.�

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 communication equipment. Micronetics serves a diverse customer base, including AeroSat, 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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