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FOR IMMEDIATE RELEASE: October 10, 2002Micronetics Announces Army Order For Test EquipmentHudson, NH -- October 10, 2002. Micronetics Wireless, Inc. (Nasdaq/NOIZ) announced today the U.S. Army ordered multiple units of a specialized version of its CNG Carrier Noise Generator for testing the integrity of wireless radio communication systems used in military applications. Charles Freihofer, Director of Sales for Micronetics' Test Solutions Group, stated "We have been working closely with the Army to develop instruments that are highly reliable, repeatable and precise. This order demonstrates the Army's confidence and satisfaction with previously delivered instruments and in Micronetics ability to continue to manufacture these highly reliable, repeatable and precise instruments to meet its continuing requirements." Mr. Freihofer further stated, "The Army's repeat purchase of these CNGs further supports that Micronetics' CNG Carrier Noise Generator is becoming an industry standard for this type of testing. One goal of the Testing Solutions Group, is to develop customer friendly, accurate, highly reliable and repeatable equipment, to test various types of interference in communication networks and to make such equipment an industry standard for this type of testing. With this recent order in mind, we intend to build on our testing capabilities in the military sector." Micronetics, operating through its Test Solutions and VCO Products Groups, manufactures and designs test equipment and components that test the strength, durability and integrity of communication signals in communications equipment. Operating through its Defense Electronics Group, Micronetics manufactures microwave and radio frequency (RF) components and integrated subassemblies used in a variety of defense, aerospace and commercial applications. Micronetics serves a diverse customer base, including Aerosat, Alcatel, BAE Systems, Boeing, EADS, Ericsson, Honeywell, L-3 Communications, Lockheed Martin, Motorola, NEC, Northrop Grumman, Raytheon, Southwest Research, Teradyne, Tektronix and Thales. Micronetics also operates through its wholly-owned subsidiaries, Microwave & Video Systems, Inc. and Enon Microwave, 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, 2002.
Contact David Robbins, President Micronetics, Inc. (603) 883-2900 x 317 |
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