Aeroflex Incorporated Announces Acquisition of Amplicomm, Inc.Business Editors PLAINVIEW, N.Y.--(BUSINESS WIRE)--Sept. 27, 2000 Launches Proprietary Fiber Optic Product Line Aeroflex Incorporated (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 Symbol: ARXX), a leading designer, developer and manufacturer of microelectronics and automated testing (testing) automated testing - Software testing assisted with software tools that require no operator input, analysis, or evaluation. solutions for the fiber optic and 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. markets, announced today that it has acquired the assets, including the intellectual property, of AmpliComm, Inc., a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of based designer and developer of fiber optic amplifiers and modulator Modulator Any device or circuit by means of which a desired signal is impressed upon a higher-frequency periodic wave known as a carrier. The process is called modulation. The modulator may vary the amplitude, frequency, or phase of the carrier. drivers used by manufacturers of advanced fiber optic systems. The acquired business will be operated as a wholly-owned subsidiary of Aeroflex named Aeroflex Amplicomm, Inc. Specific terms of the transaction were not disclosed. "We are extremely pleased to announce the acquisition," said Len Borow, Executive Vice President. "We believe that by combining AmpliComm's extensive design expertise and Aeroflex's proven capability in the automated high volume manufacturing and testing of fiber optic products, Aeroflex Amplicomm will be well-positioned to be a key supplier to the major Dense Wave Division Multiplexing (spelling) wave division multiplexing - A common misnomer for wavelength division multiplexing. (DWDM (Dense WDM) The term given to wavelength division multiplexing (WDM) when significantly more channels were being added. Since WDM is increasingly more "dense" all the time, both terms are used synonymously. See WDM. DWDM - wavelength division multiplexing ) fiber optic systems manufacturers. This, coupled with our existing proprietary fiber optic module capability, will allow Aeroflex to significantly move up the `food chain,' delivering value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. products to our list of major fiber optics fiber optics, transmission of digitized messages or information by light pulses along hair-thin glass fibers. Each fiber is surrounded by a cladding having a high index of refractance so that the light is internally reflected and travels the length of the fiber customers." As a result of the acquisition, the company also announced that it would be launching a new line of proprietary fiber optic products. Initially, these products will include a new line of modulator drivers and limiting amplifiers for OC-192 (10 Gb/s) systems. Shipments of these products are expected to commence in the March, 2001 quarter. About Aeroflex Aeroflex Incorporated, through its subsidiaries, designs, develops and manufactures state-of-the-art microelectronic module, integrated circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for , interconnect and testing solutions used in broadband communication applications. The Company's common stock trades on the NASDAQ National Market System under the symbol ARXX and is included in the S&P Small Cap 600 index. Additional information concerning Aeroflex Incorporated can be found on the company's website: www.aeroflex.com. All statements other than statements of historical fact included in this press release regarding Aeroflex's financial position, business strategy and plans and objectives of its management for future operations are forward-looking statements. When used in this press release, words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to Aeroflex or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of Aeroflex's management, as well as assumptions made by and information currently available to its management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, competitive factors and pricing pressures, changes in legal and regulatory requirements, technological change or difficulties, product development risks, commercialization difficulties and general economic conditions. Such statements reflect our current views with respect to the future and are subject to these and other risks, uncertainties and assumptions relating to Aeroflex's financial condition, results of operations, growth strategy and liquidity. |
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