LOS ANGELES, November 13, 2003 (PRIMEZONE) -- MB Tech, Inc. (OTCBB:MBTT) announced today that it has completed its move to new R&D and manufacturing facilities to support expected growth of its new Flat Antenna System and product groups.
The portable flat antenna proprietary system, developed to serve the needs of the satellite entertainment user, regardless of where they may be, will compete with products from competitors that include KVH Industries (NASDAQ:KVHI), Sat Com and Sea Tel.
The manufacturing facility is complementary, and will help to sustain the Company's anticipated order flow for 2003 and 2004, while maintaining the highest quality rating and standards.
Hanwook Bae, President of MB Tech, commented, "We are pleased to have completed our relocation and are looking forward to maximizing our R&D productivity and utilizing the increased access to manufacturing and R&D facilities that our new location provides." He added, "The new facility will allow us to expand production capacity, reduce costs and plan for strong anticipated demand for our products. Additionally, the move places us within a high tech cooperative facility, which will assist in the Company's access to specialized technology in the emerging fields that comprise the MB Tech family of products."
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
Safe Harbor Act Disclaimer
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.