Wireless Telecom Group Awarded $1.5M Contract from the United States Navy
07 12월 2010 - 10:34PM
Business Wire
Wireless Telecom Group, Inc. (NYSE Amex: WTT) announced today
that its wholly-owned subsidiary, Boonton Electronics, has been
awarded a contract with the Department of the United States Navy to
supply Boonton’s 4500B RF Peak Power Meter in support of a Naval
Sea Systems Command project. The total value of the contract is
approximately $1.5M and a considerable portion of the order is
expected to be realized over the next two years.
Boonton’s 4500B RF Peak Power Meter will be utilized by the
Department of Defense (“DOD”) Naval Sea Systems Office personnel in
shipboard and shore-based laboratories and by other DOD personnel
to calibrate Radio Detecting and Ranging (RADAR) test sets,
Tactical Navigation (TACAN) test sets, identification, Friend or
Foe (IFF) test sets, and Commercial-Off-The-Shelf (COTS) equipment
such as RF and microwave signal generators.
Paul Genova, Chief Executive Officer said, “We are proud to be a
key supplier of the United States Department of the Navy and to
support their efforts to maintain and develop state of the art
communication systems. We continue to receive significant interest
in our products, particularly in the areas of government and
military defense spending, and remain focused on capitalizing and
expanding all opportunities.”
Wireless Telecom Group designs and manufactures radio frequency
(RF) and microwave-based products for wireless and advanced
communications industries and markets its products and services
worldwide under the Boonton, Microlab and Noisecom brands. Its
complementary suite of high performance instruments and components
includes peak power meters, signal analyzers, power splitters,
combiners, diplexers, noise modules, precision noise and
generators. The Company serves both commercial and government
markets with workflow-oriented, WiFi, WiMAX, satellite, cable,
radar, avionics, medical, and computing applications. Wireless
Telecom Group is headquartered in Parsippany, New Jersey, in the
New York City metropolitan area, and maintains a global network of
Sales and Service offices for excellent product service and
support.
Wireless Telecom Group’s website address is
http://www.wtcom.com. 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, 2009.
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