FOR IMMEDIATE RELEASE
Micronetics Awarded Another Microwave Integrated Subassembly Order
Dave Robbins, Senior Vice President, stated AThis microwave integrated subassembly includes a modulator, switch filter, attenuators and amplifiers. It is used as part of a high density electronic warfare simulator for a foreign navy. Significantly, this is another >win= for our strategy of seeking orders for larger, more complex microwave integrated subassemblies. This is especially satisfying since a major component of this order will be built at our Microwave & Video Systems, Inc. subsidiary (MVS) that we acquired last year. Our ability to leverage off the capability of MVS enabled us to offer a more aggressive delivery schedule than we otherwise would have been able to. Our ability to shift activities to our best resources or use one facility to support the activities of another, were major elements of our strategy to acquire MVS, ultimately enabling us to better meet the needs of our customers.@
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, Comsat, Daimler Benz Aerospace, Datron, Ericsson, Hughes, L-3 Communications, Lockheed Martin, Lucent Technologies, Metricom, Motorola, NEC, Newbridge Networks, 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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