Aeroflex Incorporated Signs Licensing Agreement with Navigation Laboratories Inc.Business Editors PLAINVIEW, N.Y.--(BUSINESS WIRE)--Dec. 4, 2003 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 : 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 broadband communications market, today announced that it has signed an exclusive technology license and master distribution agreement with Navigation Laboratories (NavLabs) for the development and sale of GPS test equipment, simulators and GPS software applications. Aeroflex and Navigation Laboratories will be jointly targeting the Aerospace/Defense, Automotive, Avionics and Wireless Test markets. "The licensing of Navigation Laboratories' products and technologies expands Aeroflex's core test and measurement product offerings," said Len Borow, Executive Vice-President/COO of Aeroflex. "We are enthusiastic about the Navigation Laboratories relationship and believe the NavLabs products enhance our product portfolio and our position within the marketplace enabling Aeroflex to provide GPS testing solutions for several of its current markets." "Aeroflex is a very strong player in the Test and Measurement marketplace, and is poised to achieve even greater inroads inroads Noun, pl make inroads into to start affecting or reducing: my gambling has made great inroads into my savings inroads npl to make inroads into [+ through their progressive use of state-of-the-art technologies," said Navigation Laboratories' President, Frank Bletzacker. "Navigation Laboratories is very excited to be part of Aeroflex's vision for the next generation of test instrumentation, and to provide our GPS test equipment and software application experience to help create the future of GPS test." Navigation Laboratories makes two basic types of GPS Constellation Simulator products: LabPro - high end and targeted for R&D activities and LabMate - entry level and more applicable to manufacturing activities. A Constellation Simulator generates a RF signal that emulates those received from the entire 24 satellite GPS Constellation. This emulation includes modeling of the GPS satellite orbits and perturbations, telemetry telemetry Highly automated communications process by which data are collected from instruments located at remote or inaccessible points and transmitted to receiving equipment for measurement, monitoring, display, and recording. data up-link, earth horizon and masking effects, propagation through the atmosphere, effects of special and general relativity general relativity n. The geometric theory of gravitation developed by Albert Einstein, incorporating and extending the theory of special relativity to accelerated frames of reference and introducing the principle that gravitational and inertial forces , etc. In addition, a Constellation Simulator also models motion and dynamics of the simulated host vehicle that receives the GPS signal. The Navigation Laboratories' simulator includes effects due to vehicle masking, auxiliary support sensors such as Inertial Measurement Units
The Navigation Laboratories GPS products will be sold in a standalone fashion and as an integrated part of the recently acquired Racal Instruments Wireless Solution (RIWS RIWS Racal Instruments Wireless Solutions (now Aeroflex; UK) ) test systems. 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 SmallCap 600 index. Additional information concerning Aeroflex Incorporated can be found on the Company's Web site: www.aeroflex.com. About Navigation Laboratories Navigation Laboratories specializes in GPS test equipment, simulators and GPS software applications. With expertise in receiver design, navigation software development and multi-sensor integrated military systems, Navigation Laboratories has become one of the leaders in GPS testing. For more information, visit them at http://www.navlabs.com or call 949-766-0444. The company is located at 3-251 Golden Lantern, Suite E-426, Laguna Niguel, CA, 92677. All statements other than statements of historical fact included 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 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 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 business of each of MCE See Media Center Edition. Technologies, Celerity ce·ler·i·ty n. Swiftness of action or motion; speed. See Synonyms at haste. [French célérité, from Old French, from Latin celerit Systems and the Racal Instruments Wireless Solutions Group with Aeroflex, changes in legal and regulatory requirements Regulatory requirements are part of the process of drug discovery and drug development. Regulatory requirements describe what is necessary for a new drug to be approved for marketing in any particular country. , 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 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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