News Release
FOR IMMEDIATE RELEASE
Contact: Mason N. Carter, Chairman & CEO
973-575-1300, ext. 1202
mnc@merrimacind.com
Merrimac Awarded $4.3 Million
Five-Year
Multi-Mix® Contract From ITT Corporation
WEST CALDWELL, N.J., October 31, 2006:
Merrimac Industries, Inc. (AMEX: MRM), today announced that
it has received a contract that could reach a maximum value
of $4.3 million over its five-year term from ITT Corporation
(NYSE: ITT) to continue to provide a sophisticated Multi-Mix®
multilayer filter assembly for use in an Airborne Electronic
Countermeasures (ECM) application. The initial order placed
on this contract is valued at $708,000 and is scheduled to
be recognized during 2007. Under the terms of this contract,
ITT will be able to order varying numbers of filter assemblies
to support its Department of Defense contract managed by ITT’s
Electronic Systems Division.
Chairman and CEO Mason N. Carter commented,
“Merrimac designed these Multi-Mix® filter assemblies
and has been supplying these filter assemblies to ITT for
nine years. We are pleased to continue our long-term relationship
with ITT in supporting their future requirements. Initially,
we provided ITT with an innovative and cost effective Multi-Mix®
3D multilayer solution that exceeded their expectations. Through
continuous process improvements, Merrimac has been able to
provide ITT substantial reductions in size, weight, bill of
materials (BOM) and total cost savings for this mission critical
airborne application.”
ITT Electronic Systems is a leading supplier
of information and electronic warfare (EW) technologies, systems
and services that enable mission success and survivability
for a broad range of military aircraft. Its Gilfillan radar
systems provide state-of-the-art air defense, surveillance,
multifunction and air traffic control radar systems for U.S.
and international land and maritime applications.
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, etched 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, San Jose, Costa Rica and Ottawa, Ontario,
Canada, and has approximately 230 co-workers dedicated to
the design and manufacture of signal processing components,
gold plating of high-frequency microstrip, bonded stripline
and thick metal-backed Teflon (PTFE) micro-circuitry 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.
and its Canadian subsidiary Filtran Microcircuits Inc., please
visit http://www.merrimacind.com
and http://www.filtranmicro.com
.
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