SAN RAMON Calif., Sept. 8, 2011 (GLOBE NEWSWIRE) -- Giga-tronics Incorporated (Nasdaq:GIGA) announced today that Mr. Mark Elo will join the Company as Vice President of Marketing effective August 29th 2011. Mr. Elo comes to Giga-tronics with more than 20 years of test and measurement experience in RF and microwave instrumentation. He has held various positions at Hewlett-Packard/Agilent Technologies and Keithley Instruments - including Product Marketing Manager, Marketing Director and Business Development Director - as well as number of R&D management roles.
Mr. Elo will be responsible for the marketing of all Giga-tronics products and for keeping new investment programs aligned with their target markets. John Regazzi, President and Chief Executive Officer, stated, "New product programs that accurately address customer needs are critical to the financial success of the Company and I feel very fortunate to have someone with Mark's experience lead our efforts in this area."
Giga-tronics also announced that Mr. Malcolm Levy will retain his responsibilities for managing the Company's worldwide sales and business development activities and will continue as an Officer of the Company. He will assume the position of Executive Vice President of Sales. Mr. Regazzi added, "Giga-tronics is expanding its sales and marketing organization to provide more focus on both long term strategic planning and short term profitable growth."
Giga-tronics is a publicly held company, traded on the NASDAQ Capital Market under the symbol "GIGA." Giga-tronics produces instruments, subsystems and sophisticated microwave components that have broad applications in defense electronics, aeronautics and wireless telecommunications.
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This press release contains forward-looking statements concerning profitability, backlog and shipments. Actual results may differ significantly due to risks and uncertainties, such as future orders, cancellations or deferrals, disputes over performance, the ability to collect receivables and general market conditions. For further discussion, see Giga-tronics' most recent annual report on Form 10-K for the fiscal year ended March 26, 2011, Part I, under the heading "Certain Factors Which May Adversely Affect Future Operations or an Investment in Giga-tronics" and Part II, under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations."