To: richard s kalin who wrote (116 ) 9/13/1999 11:45:00 AM From: GARY P GROBBEL Read Replies (1) | Respond to of 160
See my post #115 <GGGGGGGGGGGGGG> EDIT>>>NOW UP 1.00 to 2 1/2...11.47a...gpg This just out...Stock now moving... (PR Wires) PRW: Micronetics Receives Multiple Orders to Supply Propriet PRW: Micronetics Receives Multiple Orders to Supply Proprietary MicroCal Products HUDSON, N.H.--(BUSINESS WIRE)-- Sept. 13, 1999--Micronetics Wireless, Inc. (NASDAQ: NOIZ) announced today that it has received initial and follow-on orders to supply low cost 3.5 GHz surface mount switches and attenuators which will be incorporated into a calibration module within a Wireless Local Loop (WLL) system. Because the calibration module is integrated directly within the system, specialized technicians will no longer be required to perform this function during subscriber unit installation. Deliveries have already begun and multi-year shipments are expected. These orders arise out of Micronetics' proprietary, patented MicroCal product line. MicroCal products enable a communication system manufacturer to self-test its system. One application for this is enabling a WLL system operator to add subscribers without the need to send an installer to the residence of the WLL subscriber; thus reducing cost and enabling the WLL system operator to speed up its WLL system roll-out. Dave Robbins, Senior Vice President, stated, "I am extremely excited by the acceptance of our MicroCal product to simplify installation for WLL system operators. Our goal at Micronetics was to develop technology to simplify and improve the economics for our customers. The more systems a WLL system operator rolls out, the better it will be for us." Based in Hudson, NH, Micronetics Wireless designs, manufactures and markets noise-based test equipment and components used in the design, testing and manufacturing of cellular, PCS, wireless local loop and satellite equipment through its Micronetics/Equipment Group, and manufactures microwave components and subassemblies primarily used in radar, electronic counter-intelligence, wireless communications and electronic simulation applications through its Micronetics/Components Group. Micronetics acquired Microwave & Video Systems, Inc. of Danbury, CT, Vectronics Microwave Corporation of Middlesex, NJ and the voltage controlled oscillator product line of Delcom, Inc. of Salem, NH, earlier this year. Statements in this press release contain forward-looking material. Actual results may vary due to a number of risks and uncertainties and should be viewed in conjunction with Micronetics Annual Report for its fiscal year ended March 31, 1999. CONTACT: Micronetics Wireless, Inc. Richard S. Kalin, (212) 239-8900 Ext. 22 rkalin@micronetics.com 11:20 EDT SEPTEMBER 13, 1999 *** end of story ***