FOR IMMEDIATE RELEASE
Micronetics Expands into Mobile Jamming Systems Market with Several Preproduction Contract Awards
These are critical components used in Tactical Jamming Systems (TJS) for the U.S. Army, Navy and Marine Corps. The systems, which utilize the latest in solid-state technology, provide solutions for a wide range of threats primarily in tactical ground mobile platforms and Improvised Explosive Devices (IEDs).
David Robbins, President and Chief Executive Officer of Micronetics, Inc., said, "These preproduction awards are an introductory step into a new market for Micronetics. Jammers, because of their nature, typically require high performance microwave components. Supporting this jamming market is part of our strategy to target applications which need performance and quality that our product offering addresses."
Micronetics 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, Airspan, BAE Systems, Boeing, EADS, IP Wireless, ITT, L-3 Communications, Lockheed Martin, Northrop Grumman, Qualcomm, Raytheon, Teradyne, Tektronix, Thales and UTStarcom. Micronetics also operates through its wholly owned subsidiaries, Enon Microwave, Inc.; Microwave & Video Systems, Inc.; Microwave Concepts, Inc. and Stealth Microwave, Inc. Additional information can be found on our website at www.micronetics.com.
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, 2005.
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