Radyne Awarded $1.2 Million Digital TV Encoder Supply Agreement
Radyne Awarded $1.2 Million Digital TV Encoder Supply Agreement
PHOENIX, Aug. 11 /PRNewswire-FirstCall/ -- Radyne Corporation (NASDAQ:RADN) announced that it received a $1.2 million Volume Purchase Agreement with a leading provider of broadcast terrestrial systems, for the supply of its standard definition video broadcast equipment. Radyne's Tiernan subsidiary will supply its SE 4000 SDTV encoder and TDR 60 decoder which will be deployed as part of a major upgrade to broadcast systems employed in mobile electronic news gathering. The contract represents a portion of a potential 500 systems due for upgrade.
"Tiernan's versatile SE-4000 digital encoder is well suited for use in electronic news gathering applications," said Bob Fitting, Radyne's CEO. "This program has the potential to place Tiernan equipment with a wide range of local TV affiliates and other TV production customers."
About Radyne Corporation
Radyne Corporation designs, manufactures, sells, integrates and installs products, systems and software used for the transmission and reception of data and video over satellite, microwave and cable communication networks. The Company, through its Tiernan subsidiary, is a supplier of HDTV and SDTV encoding and transmission equipment. The Xicom Technology subsidiary is a producer of high power amplifiers for communications applications. Radyne is headquartered in Phoenix, Arizona, has manufacturing facilities in Phoenix, Arizona and San Diego, and Santa Clara, California and sales offices in Singapore, Beijing, Jakarta and the United Kingdom. The Company also has sales and/or service centers in Sao Paulo, Bangalore, Shanghai and Moscow. For more information, visit our web site at www.radn.com. Additional information on Xicom is available at www.xicomtech.com.
Safe Harbor Paragraph for Forward-Looking Statements
This press release includes statements that may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act") and Radyne claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. These forward-looking statements are often characterized by the terms "may," "believes," "projects," "expects," or "anticipates," and do not reflect historical facts. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results, performance or achievements of Radyne Corporation and its subsidiaries to be materially different from those expressed or implied by such forward-looking statements. Factors that could affect Radyne Corporation's results and cause them to materially differ from those contained in the forward-looking statements contained herein include, without limitation our belief that the SE-4000 will meet customer needs and increase Radyne sales and profitability.
Other factors that may affect forward-looking statements and the Company's business generally include but are not limited to:
* Prospects of the international markets and global economy given that
Radyne Corporation depends heavily on international sales.
* A downturn in the evolving telecommunications and Internet industries.
* Risk factors and cautionary statements made in Radyne Corporation's
Annual Report on Form 10-K for the period ended December 31, 2004 and
in its Quarterly Report of Form 10-Q for the period ended March 31,
2005.
* The effect that acts of international terrorism may have on Radyne
Corporation's ability to ship products abroad.
* Other factors that Radyne Corporation is currently unable to identify
or quantify, but may exist in the future.
Forward-looking statements speak only as of the date the statement was made. Radyne Corporation does not undertake and specifically declines any obligation to update any forward-looking statements.
Contact: Malcolm Persen, Chief Financial Officer, 602.437.9620
Source: Radyne Corporation
CONTACT: Malcolm Persen, Chief Financial Officer of Radyne Corporation,
+1-602-437-9620
Web site: http://www.radn.com/
http://www.xicomtech.com/
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