California Microwave acquisition of Microwave Networks; Registration statement declared effective.

SUNNYVALE, Calif.--(BUSINESS WIRE)--May 4, 1995--CALIFORNIA MICROWAVE, INC. (Nasdaq National Market: CMIC) announced that the SEC has declared effective, on May 3, 1995, the registration of 3,475,000 shares of the company's common stock in conjunction with the pending acquisition of Microwave Networks Incorporated, the privately held, Houston-based manufacturer of microwave radios. Shareholder meetings at both companies' headquarters have been scheduled for May 30, 1995. Subject to obtaining shareholder approval, the transaction is expected to close immediately following the shareholder meetings.

California Microwave, Inc. is a leader in satellite and wireless communications. Founded in 1968, the company operates facilities in seven states and sells into more than 75 countries. California Microwave is the leading US supplier of telecommunications satellite earth stations and microwave radios used in wireless communications. Its strategy calls for significant expansion in wireless, which reached 41% of total sales in the first three quarters of California Microwave's 1995 fiscal year.

CONTACT: Microwave Networks Incorporated

Wendy Yang, 713/495-7123

or

California Microwave

Stephanie M. Day, 408/720-6229

or

William Dunk Partners

Deborah Passik, 214/960-9611