PHOENIX, Oct. 30, 2007 (PRIME NEWSWIRE) -- Radyne Corporation (Nasdaq:RADN) announced today that its Xicom Technology business unit received 2 orders totaling over $8.0 million for millimeter-wave (Ka and Q-band) power amplifiers for use in military terminals. Most of the amplifiers will be used for uplinking with the U.S. Air Force's Wideband Global System (previously known as Wideband Gapfiller) constellation of satellites, the first of which recently launched. Five additional WGS satellites are planned, which will create further demand for Xicom's Ka-band suite of products for military communications applications. A significant portion of these orders are to upgrade previously installed tri-band amplifiers to quad-band with the addition of Ka-band capability.
"These orders demonstrate continued market demand for Xicom's millimeter-wave amplifiers and contributed to a record-setting month for Xicom bookings," said Myron Wagner, Radyne's CEO. "It is encouraging that as the uplink marketplace evolves toward higher frequencies to meet increased bandwidth demands, customers continue to standardize on Xicom amplifiers."
About Radyne Corporation
Radyne Corporation designs, manufactures, sells, integrates and installs products, systems and software used for the transmission and reception of data and video over satellite, troposcatter, microwave and cable communication networks. The Company sells under four brands:
* Radyne builds satellite modems, converters and switches, * Xicom Technology produces high power amplifiers, * AeroAstro is a leader in microsatellite systems, components, and advanced communications technologies, * Tiernan supplies HDTV and SDTV encoding and transmission equipment.
Radyne is headquartered in Phoenix, Arizona, with additional offices in Santa Clara and San Diego, California, Ashburn, Virginia and Littleton, Colorado. In addition, the Company has sales offices in Singapore, Beijing, Jakarta and the United Kingdom. For more information, visit our web site at www.radn.com.
Safe Harbor Paragraph for Forward-Looking Statements
This press release includes statements that may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act") and Radyne claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. These forward-looking statements are often characterized by the terms "may," "believes," "projects," "expects," or "anticipates," and do not reflect historical facts. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results, performance or achievements of Radyne Corporation and its subsidiaries, including AeroAstro, to be materially different from those expressed or implied by such forward-looking statements. Factors that could affect Radyne Corporation's results and cause them to materially differ from those contained in the forward-looking statements contained herein include, without limitation our belief that customers are standardizing on Xicom amplifiers, that our amplifier technology is suited for military applications or that market interest in our millimeter-wave amplifiers will lead to new sales and profits.
Other factors that may affect forward-looking statements and the Company's business generally include but are not limited to:
* Prospects of the international markets and global economy given that Radyne Corporation depends heavily on international sales * Risk factors and cautionary statements made in Radyne Corporation's Annual Report on Form 10-K for the period ended December 31, 2006. * The effect that acts of international terrorism may have on Radyne Corporation's ability to ship products abroad. * Other factors that Radyne Corporation is currently unable to identify or quantify, but may exist in the future.
Forward-looking statements speak only as of the date the statement was made. Radyne Corporation does not undertake and specifically declines any obligation to update any forward-looking statements.
RADN-PR