RADN Radyne Corp (MM)

PHOENIX, July 6 /PRNewswire-FirstCall/ -- Radyne Corporation (NASDAQ:RADN) announced today that it has been added to the Russell 3000 index for the year beginning July 3, 2006. The Company also announced that it is included in the new NASDAQ Global Select Market. Additionally, Radyne Corporation will participate in the SEC's new interactive data reporting program for financial statement filings. Membership in the Russell index signifies that Radyne has achieved market capitalization requirements among the top 3000 stocks in America. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. Investment managers who oversee these funds typically purchase shares of member stocks according to that company's weighting in the particular index. The NASDAQ Global Select Market has the highest initial listing standards of any exchange in the world based on financial and liquidity requirements. Prior to the change, Radyne had been listed on the NASDAQ National Market. Radyne is one of the first participants with a market capitalization of under $1 billion in the SEC's eXtensible Business Reporting Language (XBRL) Program. The SEC XBRL program will simultaneously enable the participant companies to determine the benefits of using interactive data, provide feedback to the Commission, and enable investors and analysts to assess new techniques for analyzing interactive data reports. "These three events reflect Radyne's growth and maturity as we emerge to become an increasingly attractive investment for individuals and institutions alike," said Bob Fitting, Radyne's CEO. "Radyne's selection by Russell and NASDAQ is further recognition that the strength of our business continues to provide returns to our shareholders." 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, through its Tiernan subsidiary, is a supplier of HDTV and SDTV encoding and transmission equipment. The Xicom Technology subsidiary is a producer of high power amplifiers for communications applications. Radyne is headquartered in Phoenix, Arizona, has manufacturing facilities in Phoenix, Arizona, San Diego, California, and Santa Clara, California and sales offices in Singapore, Beijing, Jakarta and the United Kingdom. The Company also has sales and/or service centers in Sao Paulo, Bangalore, Shanghai and Moscow. For more information, visit our web site at http://www.radn.com/. Additional information on Xicom is available at http://www.xicomtech.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 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 Radyne Corporation's business is strong and that it will receive additional orders that will increase Radyne sales and profitability. 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. * A downturn in the evolving telecommunications, television broadcast and Internet industries. * Risk factors and cautionary statements made in Radyne Corporation's Annual Report on Form 10-K for the period ended December 31, 2005. * 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. Contact: Malcolm Persen, Chief Financial Officer, 602.437.9620 DATASOURCE: Radyne Corporation CONTACT: Malcolm Persen, Chief Financial Officer of Radyne Corporation, +1-602-437-9620 Web site: http://www.radn.com/

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