FOR IMMEDIATE RELEASE
Micronetics Awarded New Release of Commercial Integrated Assembly
David Robbins, Senior Vice President of Micronetics/Components, stated I am excited to have won this. It is technically challenging and is a major redesign of a product sold by Vectronics Microwave Corp., a company we acquired last year. The redesign capitalized on combining our technology with Vectronics' customer relationship. The application of this assembly is in an in-flight entertainment system and preliminary forecasts reflect significant increased requirements."
This is a continuation of our plan to increase penetration of the market for microwave integrated assemblies by acquiring companies with complementary technical capabilities to our own and increasing our marketing activities to this segment. This strategy has enabled us to obtain larger individual orders with less competition by becoming a supplier of choice to these customers. The integrated nature of these products makes it conducive for us to develop strong relationships with these 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 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, Nortel, 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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