FOR IMMEDIATE RELEASE
MICRONETICS AWARDED INTEGRATED ASSEMBLY ORDER ON F-16
David Robbins, Senior Vice President of Micronetics, stated "I am pleased to have been awarded this order. It is for a long-running program on a strategic aircraft. Originally the customer requested a specialized component, but we converted the requirement into an order for a standard subassembly. The order resulted from our decisions to focus on key customers and develop custom design solutions based on proven standard broadband technology platforms. This approach entails lower risk, is less expensive for the customer, and requires less development time."
Richard Kalin, CEO, stated, "We are pleased to receive this order. During Q2, we continued to experience temporarily reduced shipments to a large customer in our Test Solutions Group. Due to this, as we previously announced, while Q2 sales and net income are expected to exceed Q1 sales and net income, year over year increases are unlikely."
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, Agere, Alcatel, BAE Systems, Cisco, ComDev, Datron, EADS, Ericsson, Hughes, L-3 Communications, Lockheed Martin, Lucent Technologies, Motorola, NEC, Nokia, Northrop Grumman, Raytheon, Tektronix, Teradyne and Thales.
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, 2001.
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