Merrimac Sets Quarterly Record of $12.5 Million for New Orders
05 Oktober 2009 - 2:00PM
PR Newswire (US)
WEST CALDWELL, N.J., Oct. 5 /PRNewswire-FirstCall/ -- Merrimac
Industries, Inc. (AMEX:MRM), today announced a new quarterly record
of $12.5 million in new orders received during the third quarter of
2009. Mason N. Carter, Chairman and CEO stated, "I am especially
pleased with this all-time record level of orders. A few points
about the content and significance therein are noteworthy,
including: -- A significant content of customer-enabling Multi-Mix®
technology for custom RF Assemblies. -- A favorable mix of Custom
Core Technology for satellite applications with high power and
complex beam former requirements. -- A strong confirmation from our
Key Account Customers that our focused business strategy is
resulting in significant order awards." 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 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 of Merrimac Industries, Inc., +1-973-575-1300,
ext. 1202, Web Site: http://www.merrimacind.com/
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