Antenna Products Corporation Awarded Contract.Business Editors FORT WORTH, Texas--(BUSINESS WIRE)--April 18, 2003 PHAZAR CORP announced today that Antenna Products Corporation in Mineral Wells, Texas Mineral Wells is a city in Palo Pinto County, Texas and a portion of Parker County, Texas. The population was 16,946 at the 2000 census. The city is named for mineral springs in the area, which were highly popular in the early 1900s. , a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , was recently awarded a $6,227,008 contract from BAE SYSTEMS ATI (ATI Technologies Inc., Markham Ontario, http://ati.amd.com) A leading manufacturer of graphics chips and display adapters. Founded in 1985 by K. Y. Ho, Benny Lau and Lee Lau, ATI chips and boards are widely used by OEMs. for the production of 132 crossed dipole antennas plus the antenna support structures and ground screen items. This equipment will be manufactured at Antenna Product Corporation's plant in Mineral Wells, Texas and is scheduled to be delivered in approximately 15 months. The equipment will be shipped to the High Frequency Active Auroral Research Program
The High Frequency Active Auroral Research Program (HAARP) is an investigation project to (HAARP HAARP High-Frequency Active Auroral Research Program ) ionospheric research site near Gokona, Alaska, the site of the Development Prototype array of 48 crossed dipole antennas built by Antenna Products Corporation in 1994. As the result of this order, Antenna Products Corporation's backlog of orders as of April 17, 2003 was approximately $8.4 million. Information on PHAZAR CORP is available on the Internet web page at www.phazar.com and at www.antennaproducts.com The common stock of PHAZAR CORP is listed on the Nasdaq SmallCap Market under the trading symbol Trading symbol See: Ticker symbol "ANTP ANTP Asociacion Nacional de Transporte Privado (México) ". This press release contains forward-looking information within the meaning of Section 29A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performances and underlying assumption and other statements, which are other than statements of historical facts. Certain statements contained herein are forward-looking statements and, accordingly, involve risks and uncertainties, which could cause actual results, or outcomes to differ materially from those expressed in the forward-looking statements. The Company's expectations, beliefs and projections are expressed in good faith and are believed by the Company to have a reasonable basis, including without limitations, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties, but there can be no assurance that management's expectations, beliefs or projections will result, or be achieved, or accomplished. |
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