PHOENIX, June 27, 2007 (PRIME NEWSWIRE) -- Radyne Corporation (Nasdaq:RADN) announced today that its Tiernan Business Unit had been selected to provide data broadcast receivers for a homeland security early warning system for a country in Asia. The DBR-3000 receivers will be used throughout the country to demodulate and decode civil defense warning messages and remote equipment commands during emergencies such as earthquakes, tsunamis, extreme weather, and hostile activities from unfriendly nations. Radyne received the first firm order of approximately $800,000 for what is expected to be one fourth of the eventual procurement. The initial order will ship during the third quarter.
The Tiernan product is a derivative of Tiernan's world class broadcast encoding and modulating technology. The DBR-3000 was adapted to meet this country's rigorous standards for mission critical equipment required by this on-demand application. To prove itself under this specialized application, the DBR-3000 was tested in an extensive demonstration during 2006 with 31 municipalities around the country.
"This award is another in a series where our product proved its performance and our people demonstrated their commitment to meeting customer needs," said Myron Wagner, Radyne's CEO. "We look forward to additional orders in this program and continued opportunities to work with customers in other countries to meet their high value critical applications."
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 data broadcast receivers, that they have superior features or interfaces, that our efforts at meeting customer needs will result in continued sales, or that current or future products 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, 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