PHOENIX, Feb. 2, 2007 (PRIME NEWSWIRE) -- Radyne Corporation (Nasdaq:RADN) announced today that its Xicom Technology subsidiary received orders totaling $4.0 million for power amplifiers for a follow on procurement for the Ground Multi-Band Terminal (GMT) and World-Wide Satellite Systems (WWSS) programs.
The Xicom power amplifier order supports an early portion of the ongoing GMT program which has planned equipment deliveries spanning the next five years. As previously disclosed, the GMT program has a potential for Radyne to receive an additional $60 to $80 million in modems and power amplifier orders over the next 3 to 5 years.
The WWSS $5 billion contract vehicle supports all federal communications missions, including disaster relief and homeland security efforts. The five-year program is jointly managed by Program Management Warfighter Information Network-Tactical (PM WIN-T) and Program Management Defense Communications and Army Transmission System (PM DCATS), and is a vehicle for the Commercial SATCOM Terminal Program (CSTP). Both Xicom amplifiers and Radyne modems are qualified as part of the program.
"These orders represent a great start to 2007 for Xicom," said Myron Wagner, Radyne's CEO. "Xicom's continued growth and improved profitability is a direct result of responsively supporting our customer's needs with cutting edge products."
"We are also delighted to be part of the GMT and WWSS programs," continued Wagner. "Both Radyne's modems and Xicom's amplifiers have passed extremely rigorous qualification programs to earn a part in these mission critical programs."
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, through its Tiernan subsidiary, is a supplier of HDTV and SDTV encoding and transmission equipment. The Xicom Technology subsidiary is a producer of high power amplifiers for communications applications. Radyne is headquartered in Phoenix, Arizona, has manufacturing facilities in Phoenix, Arizona, San Diego, California, and Santa Clara, California and sales offices in Singapore, Beijing, Jakarta and the United Kingdom. The Company also has sales and/or service centers in Sao Paulo, Bangalore, Shanghai and Moscow. 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 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 Radyne will receive additional orders for its satellite modems or power amplifiers, that its satellite modems and power amplifiers are well suited for use in military or other systems, that our service is superior and that such service will reliably meet customer needs and increase Radyne sales and profitability.
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.
* A downturn in the evolving telecommunications, television
broadcast and Internet industries.
* Risk factors and cautionary statements made in Radyne
Corporation's Annual Report on Form 10-K for the period ended
December 31, 2005.
* 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