FOR IMMEDIATE RELEASE
Micronetics Receives Three Year Order
Don Kilduff, Vice President and General Manager of Enon Microwave, stated "This is an important order and an important customer relationship. The switches are for a long-running program which should support additional buys in the future. This is the second significant three year commitment for high power microwave switches that we received this month. It further underscores Micronetics strength in the market for high power microwave switches."
David Robbins, Senior Vice President of Micronetics' Defense Electronics Group, stated, "That Enon Microwave participates in these long-running strategic programs was a major reason we added them to our Group. The synergies created between Micronetics and Enon, both in capability and customer relationships, is enabling us to expand our microwave integrated assembly offerings. We intend to continue to take bold steps to expand this portion of our business, in both the defense and commercial marketplaces."
Micronetics, operating through its Test Solutions and VCO Products Groups, manufactures and designs test equipment and components that test the strength, durability and integrity of communication signals in communications equipment. Through its Defense Electronics Group, Micronetics manufactures microwave and radio frequency (RF) components and integrated subassemblies used in a variety of defense, aerospace and commercial applications. Micronetics serves a diverse customer base, including Aerosat, Alcatel, BAE Systems, Boeing, EADS, Ericsson, L-3 Communications, Lockheed Martin, Motorola, NEC, Northrop Grumman, Raytheon, Southwest Research, Teradyne, Tektronix and Thales. Micronetics also operates through its wholly-owned subsidiaries, Microwave & Video Systems, Inc. and Enon Microwave, 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 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, 2002.
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