WEST CALDWELL, N.J., Feb. 5 /PRNewswire-FirstCall/ -- Merrimac Industries,
Inc. (Amex: MRM), today announced that it received an order valued at
$1.1 million from The Boeing Company (NYSE: BA) Integrated Defense Systems,
Seal Beach, California, to supply Beamforming Networks, and RF/ Microwave
signal processing components on Boeing's GPS (Global Positioning System) IIF
Satellites.
Boeing exercised its first contract option for Merrimac to provide
additional signal processing components on Space Vehicles 4, 5, and 6.
Today's order is part of the contract from Boeing estimated to reach
$4.4 million that Merrimac announced on September 3, 2003.
Designed for flexibility and growth, the IIF satellites will provide new
capabilities, including improved anti-jam, increased accuracy, higher
integrity and critical secure Operational Military codes.
Chairman and CEO Mason N. Carter commented, "We are continuing to work
very closely with Boeing as our long term relationship continues on this
critical defense satellite program. As a valued member of the Boeing GPS IIF
team, we are also looking forward to further supporting Boeing on the assembly
of the remaining satellites that are expected to be completed over the next
few years."
About Merrimac
Merrimac Industries, Inc. is a leader in the design and manufacture of
Multi-Mix PICO(TM) RF Microwave components, assemblies and micro-multifunction
modules (MMFM(R)), serving the wireless telecommunications industry worldwide
with enabling technologies for space, defense and commercial applications.
Merrimac is focused on providing Total Integrated Packaging Solutions(R)with
Multi-Mix(R) Microtechnology, a leading edge competency providing value to our
customers through miniaturization and integration. The Multi-Mix(R) process
for microwave, multilayer integrated MMFM circuitry is a patented method
developed by Merrimac Industries based on fluoropolymer composite substrates.
The fusion bonding of multilayer structures provides a homogeneous dielectric
medium for superior electrical performance at microwave frequencies. The
bonded layers may incorporate embedded semiconductor devices, MMICs, etched
resistors, passive circuit elements and plated-through via holes to form a
three-dimensional subsystem enclosure that requires no further packaging.
Merrimac Industries facilities are registered under ISO 9001:2000, an
internationally developed set of quality criteria for manufacturing
operations.
Merrimac Industries, Inc. and its subsidiary Filtran Microcircuits Inc.,
are located in West Caldwell, NJ, San Jose, Costa Rica and Ottawa, Ontario,
Canada, and have approximately 220 co-workers dedicated to the design and
manufacture of signal processing components, gold plating of high-frequency
microstrip, bonded stripline and thick metal-backed Teflon (PTFE) micro-
circuitry and subsystems providing Total Integrated Packaging Solutions(R) for
wireless applications. Merrimac (MRM) is listed on the American Stock
Exchange. Multi-Mix(R), Multi-Mix PICO(TM), MMFM(R) and Total Integrated
Packaging Solutions(R) are trademarks of Merrimac Industries, Inc. For more
information about Merrimac Industries, Inc. and Filtran Microcircuits Inc.,
please visit http://www.merrimacind.com and http://www.filtranmicro.com .
This press release contains statements relating to future results of the
Company (including certain projections and business trends) that are
"forward-looking statements" as defined in the Private Securities Litigation
Reform Act of 1995. Actual results may differ materially from those projected
as a result of certain risks and uncertainties. These risks and uncertainties
include, but are not limited to: risks associated with demand for and market
acceptance of existing and newly developed products as to which the Company
has made significant investments, particularly its Multi-Mix(R) products;
general economic and industry conditions; slower than anticipated penetration
into the satellite communications, defense and wireless markets; the risk that
the benefits expected from the acquisition of Filtran Microcircuits Inc. are
not realized; the ability to protect proprietary information and technology;
competitive products and pricing pressures; risks relating to governmental
regulatory actions in communications and defense programs; and inventory risks
due to technological innovation and product obsolescence, as well as other
risks and uncertainties, including but not limited to those detailed from time
to time in the Company's Securities and Exchange Commission filings. These
forward-looking statements are made only as of the date hereof, and the
Company undertakes no obligation to update or revise the forward-looking
statements, whether as a result of new information, future events or
otherwise.
Contact: Mason N. Carter, Chairman & CEO
973-575-1300, ext. 1202
mnc@merrimacind.com
SOURCE Merrimac Industries, Inc.
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Related links:
http://www.merrimacind.com
http://www.filtranmicro.com
Company News On-Call:
http://www.prnewswire.com/comp/567525.html
CONTACT:
Mason N. Carter, Chairman & CEO of Merrimac
Industries, Inc., +1-973-575-1300, ext. 1202, mnc@merrimacind.com
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