ORLANDO, Fla., Aug. 5, 2010 (GLOBE NEWSWIRE) -- The LGL Group, Inc. (NYSE Amex:LGL) announced today that MtronPTI, its wholly-owned subsidiary, entered into an agreement with Jackson Labs Technologies Inc. to develop and market Global Positioning Satellite Disciplined Oscillator (GPSDO) modules.
The LGL Group, Inc., through its wholly-owned subsidiary MtronPTI, manufactures and markets highly-engineered electronic components used to control the frequency or timing of signals in electronic circuits. MtronPTI's customers include Cisco, Raytheon, Ericsson, Honeywell, GE, Agilient Technologies, Northrop Grumman, Rockwell Collins and Harris RF, among others.
Jackson Labs, based in Los Gatos, CA, is a privately-held company that designs precision timing, testing and measurement instruments.
"This agreement will combine Jackson Labs' extensive technology portfolio with our oscillator products and manufacturing expertise, allowing us to provide state of the art timing and frequency solutions to customers in the multi-billion dollar telecom, military, security, space and avionics markets," said Greg Anderson, LGL Group's President and Chief Executive Officer.
First New Product Now Available
The first product to come out of this collaboration has been designated M9107, an extension of the Mtron M9100 Series, and the industry's smallest and most energy efficient surface mount module.
Applications of this product are centered on two performance features: extremely accurate timing/frequency, and precise location and velocity. "Examples of applications for this product include communications systems, telecom base stations, and Digital Video Broadcasting Synchronization," said Dick Thompson, MtronPTI's Vice President of Sales and Marketing.
Mr. Thompson added that, "Collaboration with Jackson Labs on these products, which enables us to offer complete subsystems to our customers, is a positive step forward. The applications align closely with our other product lines and extend our ability to offer customers a broad array of highly-engineered frequency control solutions."
About The LGL Group, Inc.
The LGL Group, Inc., through its wholly-owned subsidiary MtronPTI, manufactures and markets highly-engineered electronic components used to control the frequency or timing of signals in electronic circuits. These devices are used extensively in infrastructure equipment for the telecommunications and network equipment industries. They are also used in electronic systems for military applications, avionics, earth-orbiting satellites, medical devices, instrumentation, industrial devices and global positioning systems. The Company has operations in Orlando, Florida, Yankton, South Dakota and Noida, India. MtronPTI also has sales offices in Hong Kong and Shanghai, China.
For more information on the Company and its products and services, contact R. LaDuane Clifton at The LGL Group, Inc., 2525 Shader Rd., Orlando, Florida 32804, (407) 298-2000, or visit the Company's Web site: www.lglgroup.com.
The LGL Group logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7478