FOR IMMEDIATE RELEASE
Micronetics Hires Director of Finance
Most recently Dennis was employed as the Controller and Director of Financial Operations at Light Machines Corp., Manchester, NH. Prior to that he was employed with Digital Equipment Corporation, headquartered in Maynard, MA. Dennis held several financial management positions with Digital over a period of 15 years. He graduated with a B.S. from New Hampshire College.
Richard Kalin, President and CEO of Micronetics, stated "Dennis, who will report to me, will assist Micronetics to continue on its growth trajectory, based on both its internal and external activities. Dennis' experience at integration of multiple operations, cost accounting, budgeting and planning activities, will be key factors in supporting Micronetics' continued profitable growth. We are excited and pleased to have him on board."
Headquartered in Hudson, NH, Micronetics manufactures and designs innovative test equipment and test components that are used to 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 commercial wireless and military products. Micronetics' products, some of which are patented, are used in or test communication and internet infrastructure equipment (including wireless base stations, repeaters, and cable modem equipment), fixed terminal point-to-point/multi-point data radios, consumer subscriber products (cellular/PCS/satellite handsets), 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 Adtran, Airspan, Alcatel, Cisco, Comdev, Daimler Benz Aerospace, Datron, Ericsson, Honeywell, Hughes, L-3 Communications, Lockheed Martin, Lucent Technologies, Motorola, NEC, Nokia, Northrop Grumman, Raytheon and Teradyne.
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, 2000.
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