MONTREAL, Oct. 26 /CNW Telbec/ - Mitec Telecom Inc. ("Mitec") (TSX: MTM), a leading designer and manufacturer of mobile wireless, fixed wireless, broadcast and satellite components, announced today that it has begun deliveries of a new high-powered pulse amplifier designed for a U.S. military customer as part of a large communications program. The initial deliveries are valued at over $400,000 and involve the Corporation's Keragis subsidiary. Military programs of this type typically last for a significant period of time and generate predictable, high-margin revenue.
"These deliveries are result of a long and complex qualification process. We are now well positioned for a long-term roll out," said Mitec's President and CEO, Dan Piergentili. "We are also expecting orders from additional divisions of the U.S. Department of Defense and other military-focused customers. I am encouraged by the strong interest this technology is attracting and by the backlog of opportunities we are seeing now that our first orders have been delivered."
Keragis' products enable extremely powerful amplifiers to be used in very compact structures. They have been qualified by governments and large military systems integrators for use in state-of-the-art applications that require high efficiency amplifiers for smaller and lighter footprints.
Please note: Due to confidentiality provisions, Mitec is generally not able to disclose the names of its major customers or the financial data related to sales transactions.
About Mitec Telecom Inc.
Mitec is a leading designer and provider of radio frequency (RF) products for the telecommunications and satellite communications industries, as well as a variety of other sectors. Mitec sells its products worldwide to network providers for incorporation into high-performing wireless networks used in voice and data/internet communications. Headquartered in Montreal, Canada, Mitec also operates facilities in California and China. Mitec is listed on the Toronto Stock Exchange under the symbol MTM. On-line information about Mitec is available at www.mitectelecom.com.
Certain statements in this release, including statements regarding future results and performance, are forward-looking statements based on current expectations. The accuracy of such statements is subject to a number of risks, uncertainties and assumptions that may cause actual results to differ materially from those projected, including, but not limited to, the effect of general economic conditions, decreases in demand for Mitec's products, fluctuations in selling prices and adverse changes in general market and industry conditions and other factors listed in Mitec's public filings with the appropriate securities regulatory authorities.
SOURCE Mitec Telecom Inc.
For further information: For further information: Mr. Jeffrey Mandel, Executive Chairman and Director, Investor and Corporate Relations, (514) 694-9000, email@example.com; Source: Mitec Telecom Inc.