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FOR IMMEDIATE RELEASE
MICRONETICS TO ACQUIRE VECTRONICS MICROWAVE CORPORATION
In making the announcement, Richard S. Kalin, President of Micronetics, stated: "The acquisition of Vectronics signifies Micronetics' strong commitment to expand its Switching Products Group market offerings. We are pleased to announce that Mr. John G. Vogler, founder and President of Vectronics, will join Micronetics' Technical Staff and will continue to develop innovative products in support of customer requirements. This acquisition, and our recently completed acquisition of Microwave & Video Systems, Inc. ("MVS"), is expected to increase Micronetics' fiscal year 2000 revenue base by approximately 45%."
Based in Hudson, NH, Micronetics Wireless designs, manufactures and markets a wide range of test equipment and components used in the design, testing and manufacturing of cellular, PCS, wireless local loop and satellite equipment. Through its Switching Products Group, it also manufactures components primarily used in radar, electronic intelligence, wireless communication and simulation applications.
Statements in this press release contain forward-looking material. Actual results may vary due to a number of risks and uncertainties.
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