FOR IMMEDIATE RELEASE: August 30, 2004

Micronetics Books A Record Order Exceeding $3 Million For Airborne DBS Microwave Subsystem
Hudson, NH - (BUSINESS WIRE)-August 30, 2004-- Micronetics, Inc. (Nasdaq/NOIZ) announced today that it has received a record production order exceeding $3 million to manufacture integrated microwave subsystems for use in Airborne DBS In Flight Entertainment. Deliveries are expected over a 6 to sixteen month period.

David Robbins, President and CEO of Micronetics, stated "This order demonstrates the benefits of our strategic relationships with our customers. By developing our platform-based integrated microwave assembly designs, we are able to offer a solution that our customer can use again on other projects, with significantly less design effort. This order also shows how Micronetics is adapting its existing defense technologies, in this case airborne fire control radar technology, for use in the commercial marketplace."

"This commercial application is consistent with our strategy of balancing defense and commercial opportunities to help generate consistent growth. We remain optimistic that our financial performance in FY2005 will continue to reflect record revenues and profitability," added Mr. Robbins.

Micronetics, operating through its Defense Electronics and Commercial 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, ITT, 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, 2004.

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

Archives:

current press releases

Copyright 2012 Micronetics, Inc., an ISO 9001:2000 and AS9100 certified company
26 Hampshire Drive, Hudson NH 03051, 1-603-883-2900 - web@micronetics.com
Sitemap | Contact | Legal Information