FOR IMMEDIATE RELEASE: June 10, 2003

Micronetics Introduces Three Volt Noise Source
Philadelphia, PA -- (BUSINESSWIRE) -- June 10, 2003 -- Micronetics, Inc. (NASDAQ/NOIZ) announced today that its Noise Products Group introduced a surface mount three volt Noise Source.

The three volt noise source is designed to make it economical and relatively easy for designers to improve product performance through the use of broadband noise. It is available as a drop-in, surface mount module suitable for high volume circuit boards. It has a built-in regulator for stable output for use in portable electronic devices.

Pat Robbins, Director of Noise Products, stated, "By designing a three volt noise source and packaging it in a drop-in surface mount package, we have developed a relatively simple way for companies to include an inexpensive built-in test or encryption capability in relatively inexpensive, small electronic devices. Our new three volt noise source dramatically simplifies this process by reducing required voltage and packaging the noise source in a drop-in module."

Mr. Robbins continued, "Our strategy is simple. It is to partner with leading edge customers to allow them to take advantage of the benefits of broadband noise at significantly reduced cost, enabling their products to do various functions that before could only be done at either greatly increased cost, engineering design time or size."

These three volt noise sources will be on display at the MTT-S Show, at Booth 1011, in Philadelphia, PA, from June 10-13, 2003.

Micronetics, operating through its Defense Electronics, Test Solutions and VCO Products Groups, 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, BAE Systems, Boeing, EADS, Honeywell, L-3 Communications, Lockheed Martin, NEC, Northrop Grumman, Raytheon, Southwest Research, Teradyne, Tektronix and Thales. Micronetics also operates through its wholly-owned subsidiaries, Enon Microwave, Inc., Microwave & Video Systems, Inc. and Microwave Concepts, 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, 2003.

Contact
David Robbins, President
Micronetics, Inc.
(603) 883-2900 x 317

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