PHOENIX, March 25, 2008 (PRIME NEWSWIRE) -- Radyne Corporation (Nasdaq:RADN) announced that its Xicom Technology business unit received an order for $5.8 million for Tri-band and Ka-band power amplifiers as an additional procurement for the Ground Multi-Band Terminal (GMT) program. The amplifiers are scheduled to ship during 2008.
"This order is another in our 5-year participation in the Air Force's GMT satellite communications program," said Myron Wagner, Radyne's CEO. "As the program continues to grow during 2008, we look forward to continuing revenues as a key supplier of both amplifiers and modems."
As reported earlier, the GMT program is a multi-year program for the U.S. Air Force. Each GMT satellite communications system is contained in transit cases and is capable of repeated tactical deployments worldwide. The systems are designed to operate in the Department of Defense (DoD)/Defense Information Systems Agency (DISA) X-band and Ka-band modes, as well as with commercial C-band and Ku-band satellites. Radyne's satellite electronics business unit supplies modems for this program as well.
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 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 our modem and amplifier technology is uniquely suited for certain military applications or that our GMT sales will continue to 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, 2007. * 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