Signal Technology Arizona Operation Awarded $690,000 Digitally Tuned Oscillator Contract.DANVERS, Mass.--(BUSINESS WIRE)--Nov. 11, 1999-- Signal Technology Corp. (AMEX AMEX See: American Stock Exchange :STZ STZ Steinbeis-Transferzentrum STZ Streptozotocin ) today announced that its Arizona Operation has received an award totaling $690,000 for F-16 jamming digitally tuned oscillators from Microwave Electronic Systems Inc. (MiKES) based in Ankara, Turkey. The contracts will be delivered in the year 2000. Commented Gene L. Joles, president of Signal Technology's Arizona Operation: "Our export customers and partners are very important to us. Providing microwave subsystems for MiKES on this critical application reinforces our position as a strategic supplier of defense electronics to an increasing customer base in support of defense programs among our allies." Signal Technology designs and produces sophisticated, state-of-the-art electronic components and systems for a variety of defense, space and communication applications, including communications networks The transmission channels interconnecting all client and server stations as well as all supporting hardware and software. , satellite communications, electronic countermeasures Noun 1. electronic countermeasures - electronic warfare undertaken to prevent or reduce an enemy's effective use of the electromagnetic spectrum ECM , intelligence and guidance systems. For further information about Signal Technology, visit the company's Web site at http://www.sigtech.com. Arizona Operation & Space Center products and capabilities can be found at the division's Web site: http://www.sigtech.com/Arizona/index.htm. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements made in this news release that are not historical facts contain forward-looking information that involves risks and uncertainties. Important factors that may cause actual results to differ include, but are not limited to, market acceptance risks, the effect of economic conditions, the impact of competitive products and pricing, product development, capacity, supply constraints and other risks detailed from time to time in the company's Securities and Exchange Commission filings. Signal Technology Corp. assumes no obligation to update the information included in this news release. |
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