AML Communications Receives $2.6 Million Order.CAMARILLO, Calif. -- AML AML - A Manufacturing Language Communications, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AMLJ) today announced it has received a $2,650,000 order from the Raytheon Company for amplifier products. $1,070,000 has been immediately released to commence material sourcing and begin manufacturing. The balance is contingent on Adj. 1. contingent on - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent upon, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent completion of a Government required cost audit. An adjustment to the total order mentioned above is possible at the time of audit completion. Such adjustment, if ultimately required, is expected to be minor. The products covered under this order resulted from years of Research and Development that has put our Company at the forefront of the technology associated with these products. It is expected that the same products would be manufactured in the future by the Company for other programs or platforms. AML Communications is a designer, manufacturer and marketer of amplifiers and integrated assemblies that address the Defense Microwave 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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