Wireless Telecom Group, Inc. (NYSE Amex: WTT) announced today that its wholly-owned subsidiary, Boonton Electronics, has been awarded an increase of $1.5M to its contract with the Department of the United States Navy. The total contract is for approximately $3.0M and a considerable portion of this contract will be fulfilled over the next twelve months.
Boonton’s 4500B RF Peak Power Meter will be utilized by the Department of Defense (“DOD”) Naval Sea Systems Office personnel in shipboard and shore-based laboratories and by other DOD personnel to calibrate Radio Detecting and Ranging (“RADAR”) test sets, Tactical Navigation (“TACAN”) test sets, identification, Friend or Foe (IFF) test sets, and Commercial-Off-The-Shelf (“COTS”) equipment such as RF and microwave signal generators.
Paul Genova, Chief Executive Officer stated, “We are proud to be a key supplier of the United States Department of the Navy and to support their efforts to maintain and develop state of the art communication systems. We continue to receive significant interest in our products for military and aerospace communications and remain focused on capitalizing and expanding all opportunities.”
Wireless Telecom Group designs and manufactures radio frequency (RF) and microwave-based products for wireless and advanced communications industries and markets its products and services worldwide under the Boonton, Microlab and Noisecom brands. Its complementary suite of high performance instruments and components includes peak power meters, signal analyzers, power splitters, combiners, diplexers, noise modules, precision noise and generators. The Company serves both commercial and government markets with workflow-oriented, WiFi, WiMAX, satellite, cable, radar, avionics, medical, and computing applications. Wireless Telecom Group is headquartered in Parsippany, New Jersey, in the New York City metropolitan area, and maintains a global network of Sales and Service offices for excellent product service and support.Wireless Telecom Group’s website address is http://www.wtcom.com. Except for historical information, the matters discussed in this news release may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include declarations regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results. Such risks and uncertainties are identified in the Company's reports and registration statements filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2010.
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