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FOR IMMEDIATE RELEASE
Micronetics Receives Switch/Filter Order
Floyd Parin, President of MVS, stated "This is an important order for us because it confirms our role as a leading supplier to the radio simulator marketplace. Our product enabled our customer to operate its system at higher power levels than our competition with extremely limited interference."
David Robbins, Senior Vice President of Micronetics/Components stated "This is further validation of our strategy of acquiring companies with related technology to allow us to win orders of increasing levels of complexity and to become a stronger competitor in particular market segments. I am pleased with the level of cooperation between Micronetics/Components and Vectronics and MVS. I believe this level of cooperation will enable us to win other orders like this in the future."
Based in Hudson, NH, Micronetics Wireless manufactures broadband test equipment and components used in the design, testing and manufacturing of cellular, PCS, wireless local loop and satellite equipment through its Micronetics/Equipment Group, and manufactures microwave components and subassemblies primarily used in radar, test equipment, electronic counter-intelligence, wireless communications and electronic simulation applications through its Micronetics/Components Group.
Statements in this press release contain forward-looking material. Actual results may vary due to a number of risks and uncertainties and should be viewed in conjunction with Micronetics Annual Report for its fiscal year ended March 31, 1999.
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