FOR IMMEDIATE RELEASE: May 22, 2001

Micronetics Awarded Follow-On Components Order
Phoenix, AZ -- (BusinessWire) -- May 22, 2001 -- Micronetics Wireless, Inc. (Nasdaq/NOIZ) announced here at the IEEE/MTT-S International Microwave Symposium that it received a significant follow-on contract for microwave control components. David Robbins, Senior Vice President, stated, "I am gratified by the award of this order because it is for a long running program where quantities over the life of the program are significant. Utilizing our resources to develop production orders on long-running programs is part of our strategy to grow our Control Components and Subassemblies Division. This is another step in the direction of building our backlog with sizable production orders, building a strong base to further grow the division."

Micronetics is displaying its products at the 2001 IEEE/MTT-S International Microwave Symposium in Phoenix, AZ from May 22 through 24, 2001.

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, Airspan, Alcatel, BEA Systems, Cisco, Comdev, Datron, EADS, Ericsson, Honeywell, Hughes, L-3 Communications, Lockheed Martin, Lucent Technologies, Motorola, NEC, Nokia, Northrop Grumman, Raytheon and Teradyne.

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, 2000.

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

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