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FOR IMMEDIATE RELEASE: June 13, 2000Micronetics Receives Follow-On Orders; Increases ProductionHudson, NH -- June 13, 2000. Micronetics Wireless, Inc. (Nasdaq/NOIZ) announced that it has been asked to increase its production of integrated noise source assemblies for Teradyne=s Catalyst line of automated mixed signal test equipment (ATE). In making the announcement, Ralph Marrone, Vice President/Equipment of Micronetics, stated: AWe recently met with representatives of Teradyne who awarded us new orders and asked us to triple our rate of deliveries. We are pleased to be part of Teradyne=s Catalyst System. Teradyne is the leader in the growing automated mixed-signal test equipment marketplace. We believe collaborating with leading edge companies, such as Teradyne, will be a key factor in future Micronetics= successes in its noise-based instrument product line.@ Headquartered in Hudson, NH, Micronetics designs components that process radio frequency (RF) and microwave frequency signals and test equipment that generates and correlates broadband noise signals with carrier signals. Micronetics= products, some of which are patented, are used in or test commercial infrastructure equipment (including wireless base stations and repeaters), 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, including Adtran, Airspan, Alcatel, Cisco, Daimler Benz Aerospace, Datron, Ericsson, Hughes, L-3 Communications, Lockheed Martin, Lucent Technologies, Metricom, Motorola, NEC, Newbridge Networks, 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, 1999.
Contact David Robbins, President Micronetics, Inc. (603) 883-2900 x 317 |
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