MONTREAL, Sept. 25 /CNW Telbec/ - As first reported on August 15, 2007,
Mitec Telecom Inc. has completed the acquisition of California-based Keragis
Corporation, a producer of unique, next-generation amplifier solutions for
commercial and military communications and radar systems.
"We would like to welcome the Keragis team to Mitec and look forward to a
productive relationship", said Mitec President and CEO Dan Piergentili.
"Keragis' patent-pending technology combined with Mitec's broad VSAT satellite
terminal portfolio and manufacturing capabilities will result in an extensive
product offering to key US system integrators such as Raytheon, Harris and
General Dynamics. It will also allow to offer products directly to the US
Department of Defense," he continued.
Keragis' patent-pending design permits the integration of amplifiers into
compact structures with very high efficiencies. This will give Mitec the
ability to design high power amplifiers in smaller and lighter packages, a key
factor in radar and VSAT systems.
The transaction having been completed, Keragis President, Robert Rector,
will be appointed as Chief Technology Officer at Mitec Telecom and will be
nominated to join Mitec's Board of Directors at its annual shareholders
meeting to be held on October 19, 2007.
About Mitec Telecom
Mitec Telecom 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. The Company 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, the Company also operates a facility in China. Mitec Telecom
Inc. is listed on the Toronto Stock Exchange under the symbol MTM. On-line
information about Mitec is available at www.mitectelecom.com.
About Keragis Corporation
Founded in 1995, Keragis Corporation specializes in producing state of
the art high efficiency solid-state amplifiers that solve unique system
requirements. Keragis' mission is to make available to the commercial and
military market extraordinary capability in the design and production of high
performance solid-state power amplifier subsystems. Corporate offices are
located in Poway, California and on-line information is available at
Except for historical information provided herein, this press release may
contain information and statements of a forward-looking nature concerning the
future performance of the Company. These statements are based on suppositions
and uncertainties as well as on management's best possible evaluation of
future events. Such factors may include, without excluding other
considerations, fluctuations in quarterly results, evolution in customer
demand for the Company's products and services, the impact of price pressures
exerted by competitors, and general market trends or economic changes. As a
result, readers are advised that actual results may differ from expected
For further information:
For further information: Daniel Piergentili, President and Chief
Executive Officer, Mitec Telecom, (514) 694-9000; Bruno Dumais, Vice-President
and Chief Financial Officer, Mitec Telecom, (514) 694-9000