PHOENIX, Oct. 3, 2007 (PRIME NEWSWIRE) -- Radyne Corporation (Nasdaq:RADN) announced today it has received orders for satellite modems, amplifiers, and video encoding equipment for use in GSM backhaul and video distribution for the national telecommunications operator in a North African country. The Company noted that $2.1 million of the expected $3.2 million in orders are firm with the remaining order expected within the next few weeks. The orders will ship immediately.
"These orders reflect Radyne's strength in the global communications marketplace. Our ability to supply customers with the products they need from our Radyne, Xicom, and Tiernan businesses, backed with global sales and technical support enabled Radyne to win this important order," said Myron Wagner, Radyne's CEO.
About Radyne Corporation
Radyne Corporation designs, manufactures, sells, integrates and installs products, systems and software used for the transmission and reception of data and video over satellite, troposcatter, microwave and cable communication networks. The Company sells under four brands:
* Radyne builds satellite modems, converters and switches, * Xicom Technology produces high power amplifiers, * AeroAstro is a leader in microsatellite systems, components, and advanced communications technologies, * Tiernan supplies HDTV and SDTV encoding and transmission equipment.
Radyne is headquartered in Phoenix, Arizona, with additional offices in Santa Clara and San Diego, California, Ashburn, Virginia and Littleton, Colorado. In addition, the Company has sales offices in Singapore, Beijing, Jakarta and the United Kingdom. For more information, visit our web site at www.radn.com.
Safe Harbor Paragraph for Forward-Looking Statements
This press release includes statements that may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act") and Radyne claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. These forward-looking statements are often characterized by the terms "may," "believes," "projects," "expects," or "anticipates," and do not reflect historical facts. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results, performance or achievements of Radyne Corporation and its subsidiaries, including AeroAstro, to be materially different from those expressed or implied by such forward-looking statements. Factors that could affect Radyne Corporation's results and cause them to materially differ from those contained in the forward-looking statements contained herein include, without limitation our belief that 1.) our global sales force and technical support staff or our ability to supply customers with a range of products will result in increased sales and profits and 2.) that indications of additional sales from this customer will result in actual revenue.
Other factors that may affect forward-looking statements and the Company's business generally include but are not limited to:
-- Prospects of the international markets and global economy given
that Radyne Corporation depends heavily on international sales.
-- Risk factors and cautionary statements made in Radyne Corporation's
Annual Report on Form 10-K for the period ended December 31, 2006.
-- The effect that acts of international terrorism may have on Radyne
Corporation's ability to ship products abroad.
-- Other factors that Radyne Corporation is currently unable to
identify or quantify, but may exist in the future.
Forward-looking statements speak only as of the date the statement was made. Radyne Corporation does not undertake and specifically declines any obligation to update any forward-looking statements.
RADN-PR