Merrimac Receives $810,000.00 Order from Key Government Prime Contractor for Custom RF Assemblies
14 Juli 2009 - 4:30PM
PR Newswire (US)
WEST CALDWELL, N.J., July 14 /PRNewswire-FirstCall/ -- Merrimac
Industries, Inc. (AMEX:MRM), a leader in the design and manufacture
of RF Microwave components, assemblies and micro-multifunction
modules (MMFM ), today announced that it has received a $810,000.00
contract to provide Custom RF assemblies for an undisclosed
government program. Mason Carter, Chairman and CEO commented, "We
are very pleased to make a critical technology contribution and
through continuing partnership with our customers, Merrimac
continues to play a pivotal role in supporting important space and
defense projects such as this." About Merrimac Merrimac Industries,
Inc. is a leader in the design and manufacture of RF Microwave
signal processing components, subsystem assemblies, and Multi-Mix
micro-multifunction modules (MMFM ), for the worldwide Defense,
Satellite Communications (SatCom), Commercial Wireless and Homeland
Security market segments. Merrimac is focused on providing Total
Integrated Packaging Solutions with Multi-Mix Microtechnology, a
leading edge competency providing value to our customers through
miniaturization and integration. Multi-Mix MMFM provides a patented
and novel packaging technology that employs a platform modular
architecture strategy that incorporates embedded semiconductor
devices, MMICs, resistors, passive circuit elements and
plated-through via holes to form a three-dimensional integrated
module used in High Power, High Frequency and High Performance
mission-critical applications. Merrimac Industries facilities are
registered under ISO 9001:2000, an internationally developed set of
quality criteria for manufacturing operations. Merrimac Industries,
Inc. has facilities located in West Caldwell, NJ and San Jose,
Costa Rica and has approximately 210 co-workers dedicated to the
design and manufacture of signal processing components, gold
plating of high-frequency microstrip and bonded stripline Teflon
(PTFE) circuits and subsystems providing Total Integrated Packaging
Solutions for wireless applications. Merrimac (MRM) is listed on
the American Stock Exchange. Multi-Mix , Multi-Mix PICO , MMFM ,
System In A Package , SIP and Total Integrated Packaging Solutions
are registered trademarks of Merrimac Industries, Inc. For more
information about Merrimac Industries, Inc. please visit our
website http://www.merrimacind.com/. This press release contains
statements relating to future results of the Company (including
certain projections and business trends) that are "forward-looking
statements" as defined in the Private Securities Litigation Reform
Act of 1995. Actual results may differ materially from those
projected as a result of certain risks and uncertainties. These
risks and uncertainties include, but are not limited to: risks
associated with demand for and market acceptance of existing and
newly developed products as to which the Company has made
significant investments, particularly its Multi-Mix products; the
possibilities of impairment charges to the carrying value of our
Multi-Mix assets, thereby resulting in charges to our earnings;
risks associated with adequate capacity to obtain raw materials and
reduced control over delivery schedules and costs due to reliance
on sole source or limited suppliers; slower than anticipated
penetration into the satellite communications, defense and wireless
markets; failure of our Original Equipment Manufacturer or OEM
customers to successfully incorporate our products into their
systems; changes in product mix resulting in unexpected engineering
and research and development costs; delays and increased costs in
product development, engineering and production; reliance on a
small number of significant customers; the emergence of new or
stronger competitors as a result of consolidation movements in the
market; the timing and market acceptance of our or our OEM
customers' new or enhanced products; general economic and industry
conditions; the ability to protect proprietary information and
technology; competitive products and pricing pressures; our ability
and the ability of our OEM customers to keep pace with the rapid
technological changes and short product life cycles in our industry
and gain market acceptance for new products and technologies; risks
relating to governmental regulatory actions in communications and
defense programs; and inventory risks due to technological
innovation and product obsolescence, as well as other risks and
uncertainties as are detailed from time to time in the Company's
Securities and Exchange Commission filings. These forward-looking
statements are made only as of the date hereof, and the Company
undertakes no obligation to update or revise the forward-looking
statements, whether as a result of new information, future events
or otherwise. Contact: Mason N. Carter, Chairman & CEO
973.575.1300, ext. 1202 E-mail: DATASOURCE: Merrimac Industries,
Inc. CONTACT: Mason N. Carter, Chairman & CEO, +1-973-575-1300,
Ext. 1202, Web Site: http://www.merrimacind.com/
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