
News Release
Merrimac Appoints New Directors to its Board; Increases Number of Board Seats to Seven
WEST CALDWELL, NJ (November 6, 1997) - Merrimac Industries, Inc. (Amex: MRM) announces the appointment of two new outside members to its Board of Directors, Dr. Joel H. Goldberg and Mr. Frederick J. Gumm, and the increase in the number of its Board seats to seven, one of which is vacant and which the Company expects to fill in the near future.
Chairman and CEO Mason N. Carter commented: "Joel Goldberg possesses a tremendous breadth of experience with a particular focus and expertise in change management and organizational development. Joel brings to Merrimac both public and private board director experience, including Phillips-Van Heusen Corporation, Marcal Paper Company and Modell's, Inc., as well as experience as an advisor to the New Jersey Sports and Exposition Authority. He will make an outstanding addition to our Board providing advice and guidance in areas that are most vital to us.
"As Chairman and CEO of Frederick Gumm Chemical Company, a specialty chemical business, Fred Gumm has dealt with many challenges in successfully growing his N.J. based company. Fred has an extensive, diverse board and advisory background, including experience operating businesses, in the banking industry and with both industry and civic organizations. He will provide solid business judgment and the hands-on operations knowledge we require to continue to grow at an accelerated pace.
"Both of these accomplished gentlemen have fine records of achievement, business acumen and are respected in business and in the community. I believe their experience and commitment will enhance our Board assisting us toward our Goal of Profitable Growth."
About Merrimac
Merrimac Industries, Inc. is a leader in the design and manufacture of RF Microwave components, assemblies and Micro-Multifunction (MMFM®) Modules serving the wireless telecommunications industry worldwide with enabling technologies for commercial applications. Merrimac is focused on providing Total Integrated Packaging Solutions
TM with Multi-Mix® Microtechnology, a leading edge competency providing value to our customers through miniaturization and integration. The Multi-Mix® process for microwave, multilayer integrated MMFM® circuits is a patented method developed at Merrimac Industries based on fluoropolymer composite substrates. The fusion bonding of multilayer structures provides a homogeneous dielectric medium for superior electrical performance at microwave frequencies. The bonded layers may incorporate embedded semiconductor devices, MMICs, etched resistors, passive circuit elements and plated-through via holes to form a three-dimensional subsystem enclosure that requires no further packaging. Merrimac Industries, Inc. is ISO 9001 certified.
Merrimac Industries, Inc., with locations in West Caldwell, NJ and San Jose, Costa Rica, has approximately 160 employees in the design and manufacture of high-performance components and subsystems for communications, defense and aerospace applications. Merrimac (MRM) is listed on the American Stock Exchange. For more information about Merrimac Industries, visit its home page at
www.merrimacind.com.
This press release contains statements relating to future results of Merrimac (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: general economic and industry conditions; slower than anticipated penetration into the satellite communications, defense and wireless markets; the risk that the benefits expected from the acquisition of Filtran Microcircuits Inc. are not realized; the ability to protect proprietary information and technology; competitive products and pricing pressures; risks relating to governmental regulatory actions in communications and defense programs; and inventory risks due to technological innovation, as well as other risks and uncertainties, including but not limited to those detailed from time to time in Merrimac's Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and Merrimac undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
Note: These news releases are also available on the Internet at: www.prnewswire.com.
Contacts
Mason N. Carter, Chairman and CEO,
Tel: 973.575.1300, Ext. 1202; Fax: 973.882.5989
E-mail: mnc@merrimacind.com

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