News Release
FOR IMMEDIATE RELEASE
Contact: Mason N. Carter, Chairman & CEO
973-575-1300, ext. 1202
mnc@merrimacind.com
Merrimac Awarded $700,000
Contract For
Multi-Mix® Technology Filter
WEST CALDWELL, N.J., August 22, 2007:
Merrimac Industries, Inc. (Amex: MRM), a leader in the design
and manufacture of RF Microwave components, subsystem
assemblies and micro-multifunction modules (MMFM®), today
announced that it has received an order valued at
approximately $700,000 from a prime military contractor for RF
filters utilizing Merrimac's patented Multi-Mix® Technology.
The filters are to be used in a military aircraft application.
These filters are small in size and weight, but offer high
performance in a very rugged airborne environment.
Merrimac Chairman and CEO Mason N. Carter
commented, "Merrimac is eager to provide support to our
key customers with innovations that help the defense community
advance the state-of-the-art in military electronics. We have
always believed that Multi-Mix® is a catalyst for bringing
new levels of integration to this industry and are pleased to
see the growing utilization of this technology."
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 170 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 risk that the benefits expected from
the Company’s acquisition of Filtran Microcircuits Inc. are
not realized; 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; foreign currency fluctuations
between the U.S. and Canadian dollars; 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.
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