FOR IMMEDIATE RELEASE
MICRONETICS AWARDED $1.75M INTEGRATED ASSEMBLY ORDER FOR NEXT GENERATION AIRBORNE SATELLITE COMMUNICATION SYSTEM
David Robbins, Senior Vice President of Micronetics, stated "This order is an outgrowth of our transition to seeking to develop strategic relationships with our customers, and as an outgrowth of these relationships, developing platform-based designs for microwave integrated assemblies. By establishing a strategic relationship, we are able to jointly develop with our customer better solutions. By using our platform-based designs, we are able to offer a solution that our customer often can use again on another project with significantly less design effort."
Mr. Robbins went on to say, "Since developing this new business concept for our Components and Subassemblies Division, the number of large opportunities that we are pursuing has significantly increased. I am optimistic that this will continue."
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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