PHOENIX, Sept. 12, 2007 (PRIME NEWSWIRE) -- Radyne Corporation (Nasdaq:RADN) announced today that its AeroAstro business unit was awarded contracts for two significant types of communication equipment. AeroAstro received a Phase II contract to continue development of a reconfigurable Digital Extra-Vehicular Activity Radio (DEVAR) in support of NASA's Exploration Initiative. This effort, funded through the NASA Small Business Innovation Research (SBIR) program, builds on the successful efforts of an earlier Phase I NASA award. AeroAstro teamed with Virginia Polytechnic Institute's Mobile Phone Radio Group, which will continue to work on the project. AeroAstro was also awarded a $1.2 million contract by a U.S. government agency for advanced communications technologies.
Radyne completed its acquisition of AeroAstro earlier this month. AeroAstro designs and builds small and microsatellites and related technologies. AeroAstro's experience spans a range of capabilities -- from ultra-low-cost R&D programs using commercial components, to high-reliability programs using space-qualified components.
Under the NASA contract, AeroAstro is developing a low-power, low-volume and lightweight, state-of-the-art digital software-defined radio capable of operating in a wide variety of bands, with data transceiver capabilities for voice, telemetry, and high-resolution video. This device is intended for use in manned extra-vehicular activities (EVAs) in deep-space environments, on lunar and planetary surfaces, and in the links and networks involved in end-to-end data flow.
"We are pleased to receive this important endorsement of AeroAstro's work in this high visibility project," commented Myron Wagner, Radyne's CEO. "This program will develop an immensely capable, rugged, software-defined radio in a compact package for NASA's upcoming Exploration Initiative missions to the moon and Mars."
For more information about AeroAstro's software-defined radio technology, contact info@aeroastro.com or 703-723-9800.
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. Additional information is available on AeroAstro at www.aeroastro.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 Radyne will receive additional funding for development of the DEVA Radio, that the radios will be suitable for upcoming NASA space exploration missions, or that the development of the DEVA Radio will 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:
-- A downturn in U.S. Government spending for defense and other
government customer needs.
-- Risk factors and cautionary statements made in Radyne Corporation's
Annual Report on Form 10-K for the period ended December 31, 2006.
-- 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