Signal Technology California Operation Awarded $2.4 Million Digitally Tuned Oscillator Contract.DANVERS, Mass.--(BUSINESS WIRE)--Oct. 20, 1999-- Signal Technology Corporation (AMEX AMEX See: American Stock Exchange :STZ STZ Steinbeis-Transferzentrum STZ Streptozotocin ) today announced that its California Operation has received awards totaling $2.4 million for F-16 radar warning and jamming digitally tuned oscillators from Microwave Electronic Systems Inc. (MiKES) based in Ankara, Turkey. Deliveries, which began this year, will continue through early 2001. "We are very pleased to work closely with MiKES providing sophisticated microwave subsystems for this critical application," said Robert Schlaefli, president of Signal Technology's California Operation. "It affirms our position as a key global supplier of high quality defense electronics." "Our California Operation manufactures a complete line of microwave components addressing unique requirements, and designs complex integrated assemblies based on their building block components," commented George Lombard George Lombard (born September 14, 1975, in Atlanta, Georgia) is a Major League Baseball outfielder for the Washington Nationals. He bats and throws left-handed. He is 6'0 and weighs 200 lbs. , Signal Technology Corporation's chairman and chief executive officer. "Microwave Electronics Systems Company has awarded Signal Technology Corporation in excess of $13 million in contracts in 1999." 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. Further information on STC/Keltec products can be obtained from http://keltec.sigtech.com/spfcs. "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 Corporation assumes no obligation to update the information included in this news release. |
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