AML Communications Inc. receives contract for new Low Earth Orbit network market.CAMARILLO, Calif.--(BUSINESS WIRE)--Jan. 23, 1997--AML Communications Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AMLJ) Thursday announced it has secured a contract valued at approximately $700,000 for high linearity amplifiers to service the emerging Low Earth Orbit (communications) low earth orbit - (LEO) The kind of orbit used by communications satellites that will offer high bandwidth for video on demand, television, and Internet communications. (LEO) satellite telecommunications network Satellite Telecommunications Network (STN), is a DVB-S satelite communications company based in Ljubljana, Slovenia. STN was founded in July 2004 with the goal of becoming one of leading broadcast-over-satellite provider for Hot Bird 6, W2, Hellas Sat 2, TelStar 12, market. The contract includes a two-week option for the customer to increase the order, if exercised, by an additional $600,000 aggregating to a total contract value of $1.3 million. Delivery of the order is expected to occur in the company's first quarter of fiscal year 1998. The LEO satellite network is designed to provide high-speed digital communication through Earth gateways worldwide. Commenting on the sale, Jacob Inbar, chairman and chief executive officer, remarked: "This contract is yet another example of our ability to leverage our proven technologies, create new products and open new markets. In this particular case, we have capitalized on our patented lossless See lossless compression. (algorithm, compression) lossless - A term describing a data compression algorithm which retains all the information in the data, allowing it to be recovered perfectly by decompression. Unix compress and GNU gzip perform lossless compression. feedback technology. "Developing this new amplifier enables AML AML - A Manufacturing Language Communications to enter the promising LEO market sector." -0- Note: Statements in this news release that relate to future plans, financial results or projections, events or performance are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. Actual results may differ materially due to a variety of factors. Information about certain of these factors is contained in the company's most recently filed Form 10-KSB and other documents filed by the company with the Securities and Exchange Commission. Copies of the most recent Form 10-KSB report are available from AML Communications' Investor Relations department and may be obtained by calling or writing. -0- AML Communications designs, manufactures and markets multicarrier amplifiers, masthead mast·head n. 1. Nautical The top of a mast. 2. The listing in a newspaper or periodical of information about its staff, operation, and circulation. 3. amplifiers and repeaters for the cellular, PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. , paging and other communications markets. CONTACT: AML Communications Inc., Camarillo Kirk A. Waldron, 805/388-1345 or Coffin Communications Group, Sherman Oaks, Calif. Steven B. Johnson, 818/789-0100 |
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