Hudson, NH - Dec 19, 2006 - Micronetics, Inc. (NASDAQ:NOIZ) announced today that its subsidiary Stealth Microwave, Inc. has been awarded a $2.5 million order from IP-Wireless for high power amplifiers on the Universal Mobile Telecommunications System (UMTS) platform.

IP-Wireless is planning to incorporate these high performance amplifiers as part of a comprehensive wireless network to be installed in New York City. This wireless network is expected to enhance the existing mobile wireless communications network with secure high-speed data and video capabilities, and deploy several new, advanced wireless applications to support first responders and other public safety personnel.

"This broadband application demands performance from the amplifier that was very challenging to engineer" said David Robbins, CEO of Micronetics Inc. "We have worked closely with IP-Wireless over the last few years to develop high performance amplifier technology for this type of deployment and expect more demand for these amplifiers in the future."

The order is to be delivered over a nine-month period starting in the fourth quarter of fiscal year 2007.

Micronetics 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, Airspan, BAE Systems, Boeing, EADS, General Dynamics, Harris, IP Wireless, ITT, L-3 Communications, Lockheed Martin, Northrop Grumman, Qualcomm, Raytheon, Teradyne, Tektronix and Thales. Additional information can be found on our website at http://www.micronetics.com.

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 reductions in spending by certain of our customers, our ability to operate and integrate acquired companies, our ability to manage our growth, disruptions in supply or production, increased levels of debt, our ability to protect our proprietary information, future economic conditions in our industry and 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, 2006.