Aeroflex Incorporated Announces Additional Fiber Optic Product Orders Valued At Approximately $5.2 Million; Applications for Advanced OC-192 Fiber Optic Products.Business Editors PLAINVIEW, N.Y.--(BUSINESS WIRE)--March 2, 2000 Aeroflex Incorporated (NYSE NYSE See: New York Stock Exchange Symbol: ARX), announced today that its Microelectronics Group has been awarded additional contracts totaling approximately $5.2 million from two of the leading Fiber Optic Systems Manufacturers. These products are expected to be delivered within the next 12 months. "This is a reaffirmation re·af·firm tr.v. re·af·firmed, re·af·firm·ing, re·af·firms To affirm or assert again. re of both our enabling technology and the rapid growth of the 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 marketplace. These new contracts are in addition to the $6.7 million of fiber optic contracts announced just 16 days ago, and is further evidence of the growing demand for advanced OC-192 10G Bit fiber optic products. We are especially pleased that a significant portion of these contracts is for 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. assemblies in addition to thin film interconnects." said Len Borow, Executive Vice President/COO for Aeroflex Incorporated. Aeroflex Incorporated, through its subsidiaries, utilizes advanced technologies to provide 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 communication applications for commercial and defense markets. It also designs and manufactures motion control systems and shock and vibration isolation Vibration isolation is the process of isolating an object, such as a piece of equipment, from the source of vibrations. Despite construction distinctions the essence of all vibration isolation systems are similar. systems used for commercial, industrial and defense applications. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . 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 relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc Aeroflex's operations, results of operations, growth strategy and liquidity. |
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