Aeroflex Incorporated (Nasdaq: ARXX) today announced that it has
completed the acquisition of privately-held MicroMetrics, Inc. of
Londonderry, New Hampshire. MicroMetrics is a design and full service
manufacturer of both standard and application specific RF/Microwave
diodes and semiconductor devices.
"We believe the acquisition of MicroMetrics is strategic and
strengthens our Hi-Reliability, Hi-Performance RF/Microwave product
portfolio of semiconductor solutions that will enable us to better
service our demanding customer applications," said John Buyko,
President, Aeroflex Microelectronic Solutions. "We are delighted that
the MicroMetrics team will be joining forces with our company and are
looking forward to working with them."
About Aeroflex
Aeroflex Incorporated (Nasdaq: ARXX) is a global provider of high
technology solutions to the aerospace, defense, cellular and broadband
communications markets. The Company's diverse technologies allow it to
design, develop, manufacture and market a broad range of test,
measurement and microelectronic products. The Company's common stock
trades on the Nasdaq National Market System under the symbol ARXX and
is included in the S&P SmallCap 600 index. Additional information
concerning Aeroflex Incorporated can be found on the Company's Web
site: www.aeroflex.com.
All statements other than statements of historical fact included
in this press release regarding Aeroflex's financial position,
business outlook, business strategy and plans and objectives of its
management for future operations are forward-looking statements. When
used in this press release, words such as "anticipate," "believe,"
"estimate," "expect," "intend" and similar expressions, as they relate
to Aeroflex or its management, identify forward-looking statements.
Such forward-looking statements are based on the current beliefs of
Aeroflex's management, as well as assumptions made by and information
currently available to its management. Actual results could differ
materially from those contemplated by the forward-looking statements
as a result of certain factors, including but not limited to,
competitive factors and pricing pressures, the integration of acquired
businesses, changes in legal and regulatory requirements,
technological change or difficulties, product development risks,
commercialization difficulties, general economic conditions, and other
risk factors disclosed in Aeroflex's most recently filed Form 10-Q.
Such statements reflect the current views of management with respect
to the future and are subject to these and other risks, uncertainties
and assumptions relating to Aeroflex's financial condition, results of
operations, growth strategy and liquidity. Aeroflex does not undertake
any obligation to update such forward-looking statements.
