PHOENIX, March 12, 2007 (PRIME NEWSWIRE) -- Radyne Corporation (Nasdaq:RADN) announced today that it has received an order for $1 million of its new DMD-50 high speed satellite modem from an Asian defense agency. The DMD-50 is one of Radyne's new generation of modems that addresses the need for cost-effective, high-speed communications supporting up to 50 Mbps.
"We are excited to see this new product gain such quick market acceptance," said Myron Wagner, Radyne's CEO. "We believe that our continuing effort to invest in developing products that address specific customer needs will result in new market opportunities for our satellite electronics business."
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 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 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 will receive additional orders for its satellite modems, that its satellite modems are well suited for use in military or other systems, that our service is superior and that such service will reliably meet customer needs and 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, 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