Signal
Technology Awarded Power Supply Production Contract
for U.S. Navy F/A-18 E/F Aircraft
Friday October 13, 6:32 am Eastern Time
Press Release
Company's Keltec Division to
Begin Production of its APX-111 Identification Friend
or Foe Power Supplies
DANVERS, Mass.--(BUSINESS
WIRE)--Oct. 13, 2000-- Signal Technology Corporation
(``Signal'') (Nasdaq: STCO
- news),
a leading provider of electronics components and
subsystems for wireless communications in the
commercial, defense and space markets, today announced
that its Keltec Division has been awarded an initial
production contract for its APX-111 Identification
Friend or Foe (IFF) power supplies. These
multi-output, low voltage, state-of-the-art power
supplies are scheduled for use on the U.S. Navy F/A-18
E/F Aircraft.
Keltec Division President John
Cotumaccio stated, ``This first production order
follows a successful design and development contract
awarded earlier this year. By teaming with our
customer, we were able to attain the goals of
specification compliance and lower cost. We estimate
the value of this award, plus further follow-on
production awards, at between $3 and $5 million.''
Signal's Keltec Division, based in
Fort Walton Beach, Florida, designs and manufactures a
wide variety of power management components, including
high- and low-voltage power supplies, amplifiers,
transmitters and power converters for use in wireless
communications infrastructure applications in the
commercial and defense markets.
About Signal Technology
Signal is a leader in developing
state-of-the-art electronic components and systems for
wireless communications, defense and space
applications. Through its Signal Wireless Group (SWG),
the company is addressing the exploding global demand
for Internet and data bandwidth by developing RF radio
sub-systems for broadband fixed wireless
telecommunications applications worldwide. SWG also
develops and manufactures switching/combining
components and subsystems for PCS/cellular digital
applications for sale to wireless base station
infrastructure providers. In its defense businesses,
Signal develops and manufactures RF, microwave, and
power conversion products for communications networks,
electronic countermeasures, missiles, radar,
intelligence and guidance systems for sale to defense
prime contractors worldwide. For further information
about Signal, please visit Signal's Web site at http://www.sigtech.com.
``Safe Harbor'' Statement under the
Private Securities Litigation Reform Act of 1995: The
statements made in this news release that are not
historical facts contain forward-looking information
that involves risks and uncertainties. Important
factors that may cause actual results to differ
include, but are not limited to, market acceptance
risks, the effect of economic conditions, the impact
of competitive products and pricing, product
development, capacity, supply constraints, and other
risks detailed from time to time in the Company's
Securities and Exchange Commission filings. These
documents identify and describe important factors that
can cause results to differ materially from those
contained in any forward looking statements we may
make.
Contact:
CONTACTS:
Signal Technology Corporation
George Lombard
(978) 774-2281
or
Sharon Merrill Associates, Inc.
Paul Sagan
(617) 542-5300
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