Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : WTT-Wireless Telecom. -- Ignore unavailable to you. Want to Upgrade?

To: Judi Simpson who wrote (2400)	1/3/2002 9:13:10 AM
From: JakeStraw	Read Replies (1) \| Respond to of 2426

WTT Acquires Microlab/FXR biz.yahoo.com PARAMUS, N.J.--(BUSINESS WIRE)--Jan. 3, 2002--Wireless Telecom Group, Inc. (AMEX Symbol: WTT) announced today that it has acquired Microlab/FXR, a leading supplier of components for the wireless infrastructure industry, for a net purchase price of $3.8 million in cash. Microlab/FXR had over $5 million in revenue in 2000 and will exceed $7 million for 2001. ``We are extremely pleased to add Microlab/FXR to our growing corporate family, providing solutions to the world's leading technology companies. Microlab/FXR has a proven product line that supports not only the commercial wireless infrastructure market, but also military and aerospace markets. Microlab/FXR recently introduced new products that have superior performance in certain key parameters, such as loss and signal interference, which are becoming increasingly critical as wireless use escalates. This makes them a preferred choice for customers,'' said Edward Garcia, President and CEO of Wireless Telecom Group, Inc. ``Additionally, adding WTT's capital and corporate philosophies to Microlab/FXR should provide additional avenues for Microlab/FXR to grow. Our ability to acquire complementary companies at this time, when corporate valuations have dropped and the overall technology market continues to be uncertain, is a strategy that we feel is advantageous for our shareholders and us. We look forward to the mutual benefits that this merger should bring to Microlab/FXR and Wireless.'' Wireless Telecom Group, Inc. is a global provider of electronic noise generation equipment and a leader in the manufacture of test equipment dedicated to measuring power of RF and Microwave systems used in multiple telecommunication markets. Microlab/FXR is a global provider of passive microwave components including power splitters, directional couplers and filters. These products are employed as system components in commercial applications such as wireless base stations for cellular, paging and private communications, in-building wireless signal distribution, television transmitters and aircraft navigation landing systems. Microlab/FXR products are also used in military systems such as electronic countermeasures and missile guidance.