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Aeroflex Incorporated Announces Retirement of Michael Gorin as Vice Chairman and Chief Financial Officer.


PLAINVIEW, N.Y. -- Aeroflex Incorporated (Nasdaq Symbol: ARXX) announced today that Michael Gorin, 63, Vice Chairman and Chief Financial Officer, will retire effective December 31, 2005. Mr. Gorin will relinquish his duties as Chief Financial Officer at an earlier date upon the appointment of a successor Chief Financial Officer. In addition, Mr. Gorin will serve as a consultant to the Company until 2009. The Company expressed its thanks to Mr. Gorin for his 20 years of service.

About Aeroflex

Aeroflex Incorporated is a global provider of high technology solutions to the aerospace, defense and broadband communications markets. The Company's diverse technologies allow it to design, develop, manufacture and market a broad range of test, measurement and microelectronic products. The Company's common stock trades on the Nasdaq National Market System under the symbol ARXX and is included in the S&P SmallCap 600 index. Additional information concerning Aeroflex Incorporated can be found on the Company's Web site: www.aeroflex.com.

All statements other than statements of historical fact included or incorporated by reference in this press release regarding Aeroflex's financial position, business outlook, 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 current 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, the integration of the businesses of both JcAir, Inc. and the Test and Measurement division of UbiNetics Holdings Ltd., 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. Aeroflex does not undertake any obligation to update such forward-looking statements.

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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Aug 18, 2005
Words:361
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