PHOENIX, Oct. 5 /PRNewswire-FirstCall/ -- Radyne Corporation announced today that it's Tiernan division was awarded an ID/IQ contract for up to $2.5 million of video compression and satellite transmission equipment with the Naval Air Warfare Center. The order for the Tiernan video encoders and decoders, and Radyne satellite modems is the second phase of a program that first began in 2003.
The Tiernan compression equipment is uniquely qualified for this special application due to its modular construction and flexible interface capabilities.
"This contract is a vote of confidence by a long time customer in our video encoding and decoding solutions," said Myron Wagner, Radyne's CEO. "All of Radyne's divisions offer technology that supports communications needs for military customers in a wide range of mission critical applications."
About Radyne Corporation
Radyne Corporation designs, manufactures, sells, integrates and installs products, systems and software used for the transmission and reception of data and video over satellite, troposcatter, microwave and cable communication networks. The Company, through its Tiernan subsidiary, is a supplier of HDTV and SDTV encoding and transmission equipment. The Xicom Technology subsidiary is a producer of high power amplifiers for communications applications. Radyne is headquartered in Phoenix, Arizona, has manufacturing facilities in Phoenix, Arizona, San Diego, California, and Santa Clara, California and sales offices in Singapore, Beijing, Jakarta and the United Kingdom. The Company also has sales and/or service centers in Sao Paulo, Bangalore, Shanghai and Moscow. For more information, visit our web site at http://www.radn.com/. Additional information on Xicom is available at http://www.xicomtech.com/ .
Safe Harbor Paragraph for Forward-Looking Statements
This press release includes statements that may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act") and Radyne claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. These forward-looking statements are often characterized by the terms "may," "believes," "projects," "expects," or "anticipates," and do not reflect historical facts. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results, performance or achievements of Radyne Corporation and its subsidiaries to be materially different from those expressed or implied by such forward-looking statements. Factors that could affect Radyne Corporation's results and cause them to materially differ from those contained in the forward-looking statements contained herein include, without limitation, our belief that Radyne will receive additional orders for its video encoders or satellite modems, that its video encoders, satellite modems and power amplifiers are well suited for use in military or other systems, that our service is superior and that such service will reliably meet customer needs and increase Radyne sales and profitability.
Other factors that may affect forward-looking statements and the Company's business generally include but are not limited to:
* Prospects of the international markets and global economy given that
Radyne Corporation depends heavily on international sales.
* A downturn in the evolving telecommunications, television broadcast and
Internet industries.
* Risk factors and cautionary statements made in Radyne Corporation's
Annual Report on Form 10-K for the period ended December 31, 2005.
* The effect that acts of international terrorism may have on Radyne
Corporation's ability to ship products abroad.
* Other factors that Radyne Corporation is currently unable to identify
or quantify, but may exist in the future.
Forward-looking statements speak only as of the date the statement was made. Radyne Corporation does not undertake and specifically declines any obligation to update any forward-looking statements.
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