FOR IMMEDIATE RELEASE
March 17, 2003

Micronetics WAVE3G-SIM Multi-path Fading Results More Repeatable in Side-by-Side Test
New Orleans, LA -- (BUSINESS WIRE) -- March 17, 2003 -- Micronetics, Inc. (Nasdaq/NOIZ) announced that in January 2003 it conducted a test with Hollis Electronics and Wireless Test Systems to compare Micronetics' WAVE3G-SIM multi-path fading simulator with the leading competitive product. The purpose was to determine which instrument was more effective for signal impairment testing. The results were very promising and proved that the Micronetics WAVE3G-SIM out-performed the competition in several areas.

Charles Freihofer, Director of Test Solutions, stated "The WAVE3G-SIM was faster at measuring and setting Signal-to-Noise-Ratio and had better repeatability. This testing supports Micronetics position that testing utilizing WAVE3G-SIM's all digital implementation is superior to testing with a combination of digital/analog implementation."

Mike Spitzer, President of Wireless Test Systems, said "The most important feature that we look for in an impairment test set is accuracy and repeatability. If the test set is not accurate and repeatable, then we can not rely on the data. The Micronetics' WAVE3G-SIM was very repeatable. Based on these test results, WTS will be interested in using the WAVE3G-SIM for its own compliance testing in the future."

Charles Freihofer, Director of Test Solutions, further stated "These tests by an independent lab confirm our claims that Micronetics, through its introduction of WAVE3G-SIM, offers the industry a better alternative for multi-path fading and AWGN impairment testing. We are extremely pleased with the results and thank Mike Spitzer and WTS for participating in this study."

Micronetics will be displaying the WAVE3G-SIM in Booth 6323 at the CTIA Show at the Ernest N. Morial Convention Center in New Orleans from March 17-19, 2003.

Micronetics, operating through its Defense Electronics Group, designs and manufactures microwave and radio frequency (RF) components and integrated subassemblies used in a variety of defense, aerospace and commercial applications. Operating through its Test Solutions and VCO Products Groups, Micronetics designs and manufactures test equipment and components that are utilized in, or test the strength, durability and integrity of communication signals in, military or communications equipment or systems. Micronetics serves a diverse customer base, including Aerosat, Alcatel, BAE Systems, Boeing, EADS, Ericsson, Honeywell, L-3 Communications, Lockheed Martin, Motorola, NEC, Northrop Grumman, Raytheon, Southwest Research, Teradyne, Tektronix and Thales. Micronetics also operates through its wholly-owned subsidiaries, Enon Microwave, Inc., Microwave Concepts, Inc. and Microwave & Video Systems, Inc.

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, internal projections as to the demand for certain types of equipment, competitive products and pricing, the success of new product development efforts, the timely release for production and the delivery of products under existing contracts, access to financial resources, future economic conditions generally, as well as other factors. The information in this release should be reviewed in conjunction with Micronetics' Annual Report on Form 10KSB/A for its fiscal year ended March 31, 2002.

Contact
Micronetics
Richard S. Kalin, President
212-239-8900 x22