Spectrum Microwave Press Release 11-6-2008
Spectrum Control Receives $1.2 Million Order for
Microwave Integrated Assemblies
Publish Date : 11/6/2008 11:30:00 AM Source : Spectrum Control, Inc.Fairview, PA, November 6, 2008 ----- Spectrum Control, Inc. (NASDAQ: SPEC), a leading designer and manufacturer of custom electronic products and systems, announced today that its Microwave Business Segment has received a $1.2 million order for a microwave integrated assembly used in military tactical communication terminals. Product deliveries should start early in 2009, with additional orders and releases under the program expected periodically throughout the next three years. These complex assembly products will be manufactured at the Company's facility in Marlborough, Massachusetts, which was part of the Company's recent acquisition of SatCon Electronics, Inc.
Dick Southworth, Spectrum Control's President and Chief Executive Officer, commented, "This award affirms our customer's confidence in our most recent acquisition, as well as demonstrates our recognition in the marketplace for designing and manufacturing complex radio frequency and microwave products."
This press release contains statements that are forward-looking statements within the meaning of the Private Securities Reform Act of 1995. These statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors and risks discussed from time to time in the Company's Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.
About Spectrum Control
Spectrum Control, Inc. is a leader in the design, development and manufacture of custom electronic products and systems for the defense, aerospace, communications, and medical industries worldwide. For more information about Spectrum Control and its products, please visit the Company's website at www.spectrumcontrol.com.
8031 Avonia Road
Fairview, PA 16415
John P. Freeman, Senior Vice President
and Chief Financial Officer
Spectrum Control, Inc.