ORLANDO, Fla., Nov. 13, 2012 /PRNewswire/ -- Micross Components, a leading global provider of specialty electronic components, is pleased to announce that it has received a franchised bare die distribution agreement from Aeroflex / Metelics Hi-Rel Components, a wholly owned subsidiary of Aeroflex Holding Corp. (NYSE: ARX). The agreement, which became effective November 1st, 2012, authorizes Micross Components to promote, sell and support Aeroflex / Metelics Hi-Rel Components line of Defense Logistic Agency qualified (QPL) bare die diode and transistor product lines. "Micross Components is a recognized leader in the distribution of hi-reliability components. Their expertise in supply chain management coupled with their rich portfolio of value added services ranging from design, manufacturing, logistics and distribution capabilities played a key role in our decision making process," stated Tim Emery, Vice President Sales & Marketing Aeroflex / Metelics. "This alliance comes at a particularly exciting time in the evolution of Aeroflex / Metelics Hi-Rel Components business. We are nearing the completion of a multi-million dollar expansion of our MIL-PRF-19500 certified wafer fabrication facility in Londonderry, NH and a doubling of the foot print of our back end processing facility located in Lawrence, MA. Simultaneously, the Hi-Rel Component development teams have an explosive qualification plan which has seen tremendous expansion of our QPL portfolio over the past two years including the addition this week of JANHC & JANKC PRF Specification families: /117, /127, /435 & /437," continued Emery. Tony Hamby, General Manager of Micross Components stated, "Micross is delighted to partner with a company that has a world recognized hi-rel pedigree. Combining Aeroflex specialty products with our knowledge and technical capability, enables Micross to offer new product solutions." For inquiries please contact Micross at 1.844.4COMPONENTS or email@example.com or Aeroflex / Metelics at 888.641.7364 or firstname.lastname@example.org. About Micross ComponentsMicross Components is a leading global provider of distributed and specialty electronic components for military, space, medical, and demanding industrial applications. Operating as a single source for high-reliability and state-of-the-art electronics, Micross' solutions range from bare die and wafer processing to advanced and custom packaging to component modifications and related interconnect offerings. With a 30+ year heritage, Micross possesses the design, manufacturing and logistics expertise needed to support an application from start to finish. For more information, visit www.micross.com. About Aeroflex / MetelicsAeroflex / Metelics is a designer and manufacturer of a comprehensive line of RF/Microwave semiconductor devices and components such as silicon (Si) and gallium arsenide (GaAs) diodes, germanium tunnel diodes, HBT amplifiers, resistors, inductors, capacitors, switches, and integrated devices. Products are available in wafer, chip and packaged form and fit a variety of commercial, military, and high reliability (hi-rel) communications, electronic warfare (EW) and radar applications. Additional information concerning Aeroflex / Metelics can be found on the company's website: www.aeroflex.com/metelics. About AeroflexAeroflex Holding Corp. is a leading global provider of high performance microelectronic components, and test and measurement equipment used by companies in the space, avionics, defense, commercial wireless communications, medical and other markets. SOURCE Micross Components
Aeroflex (ARX) surged more than 25% to a one-year high of $10.47 on Tuesday after British aerospace and defense supplier Cobham announced it would purchase the U.S. communications equipment manufacturer for $920 million.
Acquisitive U.K. aerospace company Cobham on Tuesday agreed to buy Plainview, N.Y-based Aeroflex Holding for $1.5 billion in cash and debt to further expand its communications business and offer new markets for the target's products.
Shares of Aeroflex Holding (ARX) are up over 24% in pre-market trade after it was announced that the wireless communications firm entered into a merger agreement with U.K.-listed Cobham in a deal valued at $920 million.