Printer Friendly

Herley Signs Exclusive Sales and Marketing Agreement With Major International Group.

Business Editors/Hi-Tech Writers


Herley Industries, Inc. (NASDAQ:HRLY), announced today that it has signed an exclusive Sales and Marketing Agreement with EADS ewation GmbH, Grintek ewation ("GEW"), Sysdel Close Corporation and Telephan AS to market products under the registered trademark of MRCM(TM).

GEW is a division of Grintek Group Limited, located in Pretoria, South Africa.

EADS ewation is the signal intelligence/electronic warfare division of European Aeronautic Defence and Space Company ("EADS"), the world's third largest air and aerospace company. EADS was formed July 2000 from the merger of Daimler Chrysler Aerospace, France's Aerospatiale Matra and Spain's Casa.

MRCM(TM) products offer a variety of high-end, cost effective equipment and standardized sub-systems, including powerful wideband DF equipment as well as wideband monitoring and classification equipment with extremely fast data processing capability for analysis and signal decoding.

This agreement grants to Herley the sole and exclusive right to sell and market MRCM(TM) products in North America. EADS ewation and GEW are granted the sole and exclusive rights to sell and market MRCM(TM) products throughout the rest of the world.

Myron Levy, Herley President stated, "We are very pleased to be joining EADS ewation, GEW, Sysdel Close and Telephan AS in this exclusive agreement to market MRCM(TM) products. Over time, we expect this agreement will grow into a very close working relationship."

Levy continued, "Each of these companies has an excellent reputation in the industry and we believe Herley will receive increased visibility and international attention as a result of our association with them."

Herley Industries, Inc. designs, develops and manufactures complex microwave products and systems for defense and commercial wireless applications worldwide. Based in Lancaster, PA, Herley has seven manufacturing facilities and approximately 600 employees. Additional information about the company can be found on the Internet at

Safe Harbor Statement - Except for the historical information contained herein, this release may contain forward-looking statements. Such statements are inherently subject to risks and uncertainties. The Company's results could differ materially based on various factors, including, but not limited to cancellation or deferral of customer orders, difficulties in the timely development of new products, difficulties in manufacturing, increased competitive pressures, and general economic conditions.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Feb 6, 2001
Previous Article:Sherwin-Williams Announces President of Chemical Coatings Business Unit.
Next Article:BroadVision and Xpedior Strengthen Partnership; Joint Marketing and Sales Efforts to Intensify.

Related Articles
Herley Receives Lockheed Martin Corporate Award.
Herley Received Over $7 Million in New Contract Awards.
Herley Wireless Receives Order From a Major International Telecommunication Company; Product to be Used in Fiber Optic Networks.
Herley Announces Agreement to Acquire AMT in an All Cash Transaction.
Herley Reports Record Fiscal Year 2000 Revenue; 4th Qtr. Investments Position Herley for Future Growth.
Herley-AMT Books $2 Million in New Business; New Products Expected to Drive Growth.
Herley Receives Multi-year Contract From Lockheed Martin; Contract's Total Value Expected to Exceed $23 Million.
Herley Receives $1.3 Million Contract Award From 'EADS'; Follow-On Orders Expected to Exceed $4 Million; First Contract From 'MRCM' Partnership.
Art born of odds and ends.
Uyemura International Corp. (UIC) and Umicore-Galvanotechnik GMBH (GT) have signed a new multiyear sales agreement covering the North American market.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters