WTT Announces Government Contract
22 6월 2005 - 9:00PM
Business Wire
Wireless Telecom Group, Inc. (AMEX Symbol: WTT) announced today
that it's wholly owned subsidiary, Microlab/FXR, has received a
multi-year government contract with an estimated value close to $2
million. The contract is for the supply of critical airborne
components, used in the Electronic Countermeasures System, carried
by many United States tactical aircraft. The shipments are to be
released in lots distributed over the next 4 years. The first lot
is scheduled to ship during the first quarter of 2006. Tony
Ramsden, President of Microlab/FXR stated, "This significant award
from the United States Air Force demonstrates the Government's
trust in the technical capability and quality of Microlab/FXR's
products." Wireless Telecom Group, Inc. is a global provider of
electronic noise generation equipment in the telecommunications
field. Boonton Electronics, a wholly owned subsidiary, is a leader
in the manufacture of test equipment dedicated to measuring the
power of RF and Microwave systems used in multiple
telecommunication markets. Microlab/FXR, a wholly owned subsidiary,
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. Except for
historical information, the matters discussed in this news release
may be considered ``forward-looking'' statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
Such statements include declarations regarding the intent, belief
or current expectations of the Company and its management.
Prospective investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve a
number of risks and uncertainties that could materially affect
actual results. Such risks and uncertainties are identified in the
Company's reports and registration statements filed with the
Securities and Exchange Commission, including its Annual Report on
Form 10-K for the year ended December 31, 2004 and Forms 10-Q for
2005.
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