ORLANDO, Fla., May 27, 2008 (PRIME NEWSWIRE) -- MtronPTI, a leading producer of frequency control and filter products, has introduced the only configurable cavity filter system on the market designed specifically for WiMAX applications. MtronPTI is a wholly owned subsidiary of the LGL Group, Inc. (AMEX:LGL)
WiMAX (Worldwide Interoperability for Microwave Access) is a highly advanced telecommunications technology that provides wireless service over long distances. According to Dick Thompson, MtronPTI's VP of Sales and Marketing, WiMAX technology is forecast to contribute as much as $7.7 billion in revenues to the telecommunications industry by 2011*. In early May, Sprint and Clearwire agreed to roll-out a nationwide WiMAX Agreement**.
As a wireless alternative to cable and DSL, "WiMAX will allow the wide area, broadband roaming access of wireless devices, such as lap top computers, to the communication system's back bone. The currently available Wi-Fi, a popular wireless application used in home networks and mobile phones, only provides access in small fields of use. WiMAX will also permit more mobility and flexibility of technology use," Thompson said.
"Unique Position"
Marc Gabelli, Chairman of the LGL Group, said, "We anticipate that growth in demands on communications and network infrastructure will continue unabated for the next few years. Users are rapidly adapting to the industry's offering of improved content, faster speeds and enhanced mobility experience. Since its restructuring and reorganization, our subsidiary -- MtronPTI -- is in a unique position to supply frequency management solutions to support this growth," Gabelli said.
The new MtronPTI cavity filter system, designed for WiMAX applications and other wireless metro area network systems, covers the 2.3-to-2.7-GHz frequency range. These filters allow only the desired signals within the WiMAX frequency band to be passed from antenna to receiver. In today's very crowded RF spectrum they allow the receiver to distinguish between wanted and unwanted signals. This is the only configurable device on the market which allows for short manufacturing cycle time. The design has features that lend itself to applications such as mobile and fixed WiMAX, wireless broadband (WiBro) and Wi-Fi. Standard housings can be rapidly reconfigured permitting reduced lead times for custom applications.
"The WiMAX Cavity Filter Series is a powerful response to the ever evolving technology demands of our most successful customers," commented Joe Doyle, VP Engineering at MtronPTI. "We are heavily engaged with major players in this technology sector as an overall strategic supplier. This level of technological advancement can only strengthen our relationships with these customers."
For more information about the new WiMAX Cavity Filter Series, contact Tasha Klein at 605-665-9321 or email tklein@mtronpti.com.
MtronPTI was formed in October 2004 with the acquisition of Piezo Technology Inc. of Orlando, Florida by M-tron Industries Inc. MtronPTI is a leading designer and manufacturer of advanced technology frequency control products and electronic filter products. The company specializes in developing custom products for advanced frequency control applications. It is based in Orlando, Florida, with design, sales and manufacturing locations in North America, Asia and Europe. MtronPTI is a subsidiary of the LGL Group (formerly Lynch Corporation). LGL is listed on the American Stock Exchange and traded under the symbol - LGL. Further information is available regarding the LGL Group at its website at www.LGLGroup.com. View the MtronPTI website at www.mtronpti.com.
* Infonetics Report published in February 2008 on the website www.cellular-news.com
** USA Today, May 7
Caution Concerning Forward Looking Statements
This document includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors. More detailed information about those factors is contained in LGL Group's filings with the Securities and Exchange Commission.