WEST CALDWELL, N.J., Oct. 21 /PRNewswire-FirstCall/ -- Merrimac
Industries, Inc. (Amex: MRM), today announced that it has received an order
for Multi-Mix PICO(TM) products from one of the largest wireless base station
providers in the world. This order is expected to be completed and delivered
in 2003 and generates revenues of $450,000.
Chairman and CEO Mason N. Carter commented, "Multi-Mix(R) in addition to
providing an integrated solution also offers distinct size, weight and cost
advantages to base station suppliers who are currently cost reducing their
wireless infrastructure systems."
Mr. Carter added, "It is clear that there is a need for further
integration of the RF path in new wireless infrastructure systems and we are
currently designing several Multi-Mix(R) solutions to provide higher value
content."
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(R) 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 9000, 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, have approximately 210 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
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 products; the
risk that the Company will not be able to refinance or retire its existing
indebtedness or consummate alternate financing in order to fund its operations
as currently contemplated by its business strategy; 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,
+1-973-575-1300, ext. 1202, or mnc@merrimacind.com
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