PHOENIX, Sept. 25, 2007 (PRIME NEWSWIRE) -- Radyne Corporation (Nasdaq:RADN) announced today its AeroAstro business unit was awarded a $1.6 million contract from Globalstar, Inc. for asset tracking satellite downlink decoder racks, spares kits, and additional software upgrades for existing equipment deployed at Globalstar's ground gateways.
The equipment, known as SENS (Sensor Enabled Notification System) Appliques, will be used to expand the geographic coverage of the SENS / Globalstar Simplex Data Service in Latin America and Asia Software upgrades will increase system capacity and geographic reach in support of rising demand for satellite-based tracking and telemetry services.
"The infrastructure equipment will be installed at Globalstar ground stations in early 2008, enabling Globalstar Inc. to offer service to new markets in Latin America and Asia, where the demand for tracking and data telemetry is high," said Myron Wagner, Radyne CEO. "We are gratified with the confidence Globalstar has in AeroAstro's technology to enable seamless tracking and logistics capability worldwide utilizing very low-cost telemetry devices."
The SENS Applique, an AeroAstro proprietary digital signal processing infrastructure component installed at key Globalstar ground stations, receives and decodes asset tracking and monitoring data from field transmitters via the Globalstar Low Earth Orbit satellite network. The received information is processed and distributed to users through the internet.
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.
About Globalstar, Inc.
With over 275,000 activated satellite voice and data units, Globalstar offers satellite services to commercial and recreational users in more than 120 countries around the world. The Company's voice and data products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages. Many land based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service. Global customer segments include: oil and gas, government, mining, forestry, commercial fishing, utilities, military, transportation, heavy construction, emergency preparedness, and business continuity as well as individual recreational users. Globalstar data solutions are ideal for various asset tracking, data monitoring and SCADA applications.
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 the SENS technology is uniquely affordable and reliable.
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