LOS ANGELES, Oct. 1, 2003 (PRIMEZONE) -- MB Tech, Inc. (OTCBB:MBTT), a global manufacturer and distributor of satellite electronics, today announced that it has received a US $6.14 million purchase order for its new proprietary Flat Antenna system from Eastech, a leading distributor of satellite electronics and components to the commercial and consumer electronics markets in Japan.
Pursuant to a field test scheduled to occur in Hokkaido and Kyushu, Japan on November 10, 2003, the terms of the purchase order provide for the delivery of 45,000 units in total with initial shipments beginning in March 2004.
MB Tech's new proprietary Flat Antenna system is designed to cater to the needs of the satellite entertainment user, regardless of where they may be. The small form factor antenna provides mobility, ease of use, and exposure to multiple vertical markets, including apartments, condos, boats, RVs, SUVs and limousines. The new 14" x 14" Flat Antenna has a max 32 dBw gain and covers most of the area that typical 18" dishes would. MB Tech engineers used leading-edge micro-strip patch array design technology and special manufacturing methods to connect the antenna and the Low-Noise Blockdown Converter (LNB).
Hanwook Bae, CEO and president of MB Tech, stated, "We are very pleased with the immediate response we are receiving to our exciting new Flat Antenna technology. We fully expect that as we persist in our efforts to demonstrate its unique and powerful capabilities to industry-leading distributors and service providers, global demand will accelerate accordingly."
About MB Tech, Inc.
MB Tech is a global manufacturer and distributor of satellite components. The primary product MB Tech produces is "LNB" (Low-Noise Blockdown) converters, which are the essential element enabling DBS satellites to receive and convert satellite transmission signals. MB Tech currently serves the satellite television market, and is expanding to serve the satellite radio and military hardware sectors. MB Tech manufactures several proprietary LNB solutions that differentiate it from competitors. MB Tech's product line includes a dual-horn LNB, which allows multiple set-top boxes to be connected to a single satellite dish, enabling viewing of multiple channels simultaneously on different television monitors, and a tri-horn LNB, which provides the ability to download signals from multiple satellites over a single dish. For more information, refer to the Company's website at: http://www.mbtech.us.
The statements contained in this release and statements that the Company(s) may make orally in connection with this release are not historical fact and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those forward-looking statements, as such statements involve risks and uncertainties that could significantly impact the company's business and the actual outcome and results may differ materially.