FOR IMMEDIATE RELEASE
Micronetics Acquires Voltage Controlled Oscillator Line From Delcom
In making the announcement, Richard S. Kalin, President of Micronetics, stated: "The acquisition of Delcom signifies Micronetics' strong commitment to expand its line of VCOs. We are especially pleased to announce that Mr. Stuart Bernstein, a founder of Delcom with over four years experience marketing VCOs, will join Micronetics as Manager of VCO Sales".
Stu Bernstein added "I believe by joining forces Delcom and Micronetics will be better able to offer its customers high quality VCOs, from prototypes to full production runs. The combination will also enable us to deliver quality technical assistance to ensure delivery of top-performing VCOs. Whether customers are searching for high volume, low cost VCOs, or a specialized VCO, with the combined resources of Delcom and Micronetics, we will be better able to provide it."
Based in Hudson, NH, Micronetics Wireless designs, manufactures and markets a noise-based test equipment and components used in the design, testing and manufacturing of cellular, PCS, wireless local loop and satellite equipment through its Micronetics/Equipment group, and manufactures microwave components and subassemblies primarily used in radar, electronic intelligence, wireless communication and electronic simulation applications through its Micronetics/Components group. Micronetics acquired Microwave & Video Systems, Inc. Of Danbury, CT and Vectronics Microwave Corporation of Middlesex, NJ earlier this year.
Statements in this press release contain forward-looking material. Actual results may vary due to a number of risks and uncertainties and should be viewed in conjunction with Micronetics Annual Report for its fiscal year ended March 31, 1999.
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