Aeroflex Incorporated Announces Orders Valued At Approximately $4.7 Million From Lucent Technologies and Raytheon for Microelectronic Products
BusinessWire, Wednesday, January 06, 1999 at 10:58
PLAINVIEW, N.Y.--(BUSINESS WIRE)--Jan. 6, 1999--
Applications for Internet Infrastructure
Buildout and High Speed Data
Communications
Aeroflex Incorporated (NYSE Symbol:ARX), a manufacturer of
advanced electronic systems and microelectronic components, announced
that its Microelectronics Division, consisting of Aeroflex Circuit
Technology and MIC Technology, received orders valued at approximately
$4.7 million from Lucent Technologies and Raytheon for microelectronic
products used to support fiber optic interfaces for internet
communications, and data communications for the latest generation
Thermal Weapons Sight. Deliveries are expected to take place over a 12
month period.
"We are extremely pleased to have received these orders from
Lucent Technologies and Raytheon", said John Buyko, Senior Vice
President of Sales and Marketing for Aeroflex. "As demand for
bandwidth continues to increase significantly, companies building the
needed infrastructure (such as fiber-optic communication
manufacturers) are utilizing Aeroflex's wide spectrum of enabling
microelectronic product technologies."
Aeroflex Incorporated through its subsidiaries, utilizes advanced
technologies to provide state-of-the-art microelectronic module,
interconnect and testing solutions used in communication applications
for commercial and defense markets. It also designs and manufactures
motion control systems and shock and vibration isolation systems used
for commercial, industrial and defense applications.
(Except for historical information contained in this news
release, the matters discussed are forward looking statements that
involve risks and uncertainties. Among the factors that could cause
actual results to differ materially are the following: the effect of
business and economic conditions; the impact of competitive products
and pricing; capacity and supply constraints or difficulties; product
development, commercialization or technological difficulties; the
regulatory and trade environment; and the risk factors reported from
time to time in the Company's SEC reports.)
CONTACT: Aeroflex Incorporated, Plainview
Michael Gorin - President and Chief Financial Officer
(516) 694-6700 |
