Spectrum Control Receives $3.3 Million Microwave Product Order
05 Juin 2009 - 7:36PM
PR Newswire (US)
FAIRVIEW, Pa., June 5 /PRNewswire/ -- Spectrum Control, Inc.
(NASDAQ: SPEC), a leading designer and manufacturer of custom
electronic products and systems, today announced that its
wholly-owned subsidiary, Spectrum Microwave, Inc., received a $3.3
million contract last week for a millimeter wave integrated
assembly used in military ground tactical communication terminals.
This follow-on contract, awarded by a major defense contractor,
will commence production in late 2009 and run through 2010.
Additional production releases are expected in 2010 and beyond. The
Company's performance under this contract will be primarily
conducted at its Marlborough, MA and State College, PA operations.
Dick Southworth, Spectrum Control's President and Chief Executive
Officer, commented, "This award reinforces our customers'
confidence in our vertical integration process which sustains our
high rate production capability for complex millimeter wave
integrated assemblies." Forward-Looking Information This press
release contains statements that are forward-looking statements
within the meaning of the Private Securities Reform Act of 1995.
These statements are based on current expectations, estimates and
projections about the Company's business based, in part, on
assumptions made by management. These statements are not guarantees
of future performance and involve risks, uncertainties and
assumptions that are difficult to predict. Therefore, actual
outcomes and results may differ materially from what is expressed
or forecasted in such forward-looking statements due to numerous
factors and risks discussed from time to time in the Company's
Securities and Exchange Commission filings and reports. In
addition, such statements could be affected by general industry and
market conditions and growth rates, and general domestic and
international economic conditions. Such forward-looking statements
speak only as of the date on which they are made and the Company
does not undertake any obligation to update any forward-looking
statement to reflect events or circumstances after the date of this
release. About Spectrum Control Spectrum Control, Inc. is a leader
in the design, development and manufacture of high-performance
custom electronic solutions for the defense, aerospace,
communications, and medical industries worldwide. For more
information about Spectrum Control and its products, please visit
the Company's website at http://www.spectrumcontrol.com/.
DATASOURCE: Spectrum Control, Inc. CONTACT: Investor Relations,
John P. Freeman, Senior Vice President and Chief Financial Officer
of Spectrum Control, Inc., +1-814-474-4310, or Corporate
Headquarters, +1-814-474-2207, or Fax: +1-814-474-2208 Web Site:
http://www.spectrumcontrol.com/
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