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FOR IMMEDIATE RELEASE: March 14, 2002Micronetics Adds Operations ManagerHudson, NH -- March 14, 2002 -- Micronetics Wireless, Inc. (Nasdaq/NOIZ) announced today that Ms. Robin Holly has become Director of Operations for Micronetics' Components and Subassemblies Group. Ms. Holly joins Micronetics as Operations Manager for the Components and Subassemblies Group based in Hudson, NH. She is a mechanical engineer with 13 years of experience in project management, product/process design and new product development. Her most recent experience has been with Beebe Rubber where she was a Senior Project Engineer. Prior to that she was a Senior Project Engineer at Freudenberg - NOK. She was awarded a MBA from UNH in Plymouth, NH, and a Bachelor of Science in Mechanical Engineering from University of Maine, in Orono, Me. David Robbins, Senior Vice President of Micronetics' Components and Subassemblies Group, stated, "Robin brings to our Group an ability to manage the increased level of activity to enable us to increase our shipments and to assure a continued focus on customer satisfaction. The Components and Subassemblies Group, which supplies RF/microwave components and subassemblies to our defense, and to a lesser extent, commercial customers, has a record backlog and is faced with significant new opportunities. Adding Robin to our Group enables us to better capitalize on these new opportunities, while continuing to support increased shipments." Headquartered in Hudson, NH, Micronetics designs and manufactures test equipment and components that test the strength, durability and integrity of communication signals in communications and internet infrastructure equipment. Micronetics also manufactures microwave and radio frequency (RF) components and integrated subassemblies used in a variety of wireless, aerospace and defense applications. Micronetics' products are used in or test communication and internet infrastructure equipment, fixed terminal, point-to-point/multi-point data radios, home networking equipment and military/aerospace platforms (satellite communications, electronic warfare and electronic counter-measures). Micronetics serves a diverse customer base, including some of the world's leading technology companies, such as AeroSat, Agere, Alcatel, BAE Systems, Boeing, Cisco, EADS, Ericsson, L-3 Communications, Lockheed Martin, Lucent Technologies, Motorola, NEC, Nokia, Northrop Grumman, Raytheon, TRW, Tektronix, Teradyne and Thales. 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 the success of the products into which the Company's products are integrated, governmental action relating to wireless communications licensing and regulation, internal projections as to the demand for certain types of technological innovation, competitive products and pricing, the success of new product development efforts, the timely release for production and the delivery of products under existing contracts, future economic conditions 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, 2001.
Contact David Robbins, President Micronetics, Inc. (603) 883-2900 x 317 |
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