FOR IMMEDIATE RELEASE
Micronetics Wins Order for High Power Microwave Subassembly for Weapon Locating System.
Don Kilduff, Vice President and General Manager of Enon Microwave, said "We are proud to be supporting this system. The subassembly is for a highly mobile, medium range AN/TPQ36 weapon locating radar system that rapidly and automatically locates enemy artillery, mortars and rocket launchers. This contract award is a result of our commitment to designing and manufacturing quality high power microwave components."
David Robbins, President and CEO, stated that "Enon's unique microwave technology has given Micronetics the opportunity to participate in proven programs like this weapons locating system. At the same time, this is helping us to build stronger customer relationships with our defense subcontractors and to significantly expand our Defense Electronics Group."
Micronetics, operating through its Defense Electronics, Test Solutions and VCO Products Groups, manufactures microwave and radio frequency (RF) components and integrated subassemblies used in a variety of defense, aerospace and commercial applications. Micronetics also manufactures and designs test equipment and components that test the strength, durability and integrity of communication signals in communications equipment. Micronetics serves a diverse customer base, including Aerosat, BAE Systems, Boeing, EADS, Honeywell, ITT, L-3 Communications, Lockheed Martin, NEC, Northrop Grumman, Raytheon, Teradyne, Tektronix and Thales. Micronetics, with facilities in CT, MA, NH and NJ, also operates through its wholly-owned subsidiaries, Enon Microwave, Inc., Microwave & Video Systems, Inc. and Microwave Concepts, 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 for its fiscal year ended March 31, 2003.
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