AML Communications Receives $1.0 Million Order.Company Successfully Completes Audit on $2.6 Million Order Previously Announced CAMARILLO, Calif. -- AML AML - A Manufacturing Language Communications, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AMLJ) today announced it has received a $1 Million order from the Raytheon Company. The order covers procurement of long lead-time material to support high volume manufacturing to follow. Upon conclusion of the material purchase phase, a follow-up order of an additional $1 Million is expected. This order is the beginning of volume production for a 5 year program previously announced on June 30, 2005. The value of the program when all options are exercised is $30 Million. In reference to a $2.6 Million order previously announced on September 4, 2007, the audit mentioned in the release was completed and did not result in a material price adjustment. The delivery of this order proceeds on schedule with completion estimated on or before January 2009. AML Communications is a designer, manufacturer and marketer of amplifiers and integrated assemblies that address the Defense Electronic Warfare Noun 1. electronic warfare - military action involving the use of electromagnetic energy to determine or exploit or reduce or prevent hostile use of the electromagnetic spectrum EW military action, action - a military engagement; "he saw action in Korea" Markets. The Company's Web site is located at http://www.amlj.com Mica-Tech, Inc., a subsidiary of the Company, designs, manufactures, and markets an intelligent satellite communication system to provide Supervisory Control And Data Acquisition (application) Supervisory Control and Data Acquisition - (SCADA) Systems are used in industry to monitor and control plant status and provide logging facilities. SCADA systems are highly configurable, and usually interface to the plant via PLCs. (SCADA (Supervisory Control And Data Acquisition) A process control application that collects data from sensors and machines on the shop floor or in remote locations and sends them to a central computer for management and control. ) of the electric power grid. The Mica-Tech website is located at http://www.mica-tech.com/ This press release contains forward-looking statements made in reliance upon the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements include, but are not limited to, the Company's views on future profitability, commercial revenues, market growth, capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. , new product introductions, and are generally identified by words such as "thinks," "anticipates," "believes," "estimates," "expects," "intends," "plans," "schedules", and similar words. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. These factors and uncertainties include: reductions or cancellations in orders from new or existing customers; success in the design of new products; the opportunity for future orders from domestic and international customers including, in particular defense customers; general economic conditions; the limited number of potential customers; variability in gross margins on new products; inability to deliver products as forecast; failure to acquire new customers; continued or new deterioration of business and economic conditions in the wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. industry; and intensely competitive industry conditions with increasing price competition. The Company refers interested persons to its most recent Annual Report on Form 10-KSB and its other SEC filings for a description of additional uncertainties and factors that may affect forward-looking statements. Forward-looking statements are based on information presently available to senior management, and the Company has not assumed any duty to update its forward-looking statements. |
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