LGL’s Subsidiary, MtronPTI Focused on New Product Development
December 11 2014 - 4:56PM
Business Wire
2014 Highlighted by Technical Advances and
Product Line Expansion
The LGL Group, Inc. (NYSE MKT: LGL) (the “Company”) discussed
the focus of its subsidiary, MtronPTI, on new product development
and expansion of its technical position during 2014, as well as its
long-term strategy to extend its technology and IP position.
Marc Gabelli, the Company’s Chairman of the Board, said,
“MtronPTI’s focus on extending its IP position in 2014 has led to
technical advances and a wider product offering, as well as new
strategic partnerships that add to engineering bandwidth. These
ongoing efforts can create long-term growth for the company and
ultimately value for LGL’s shareholders.”
During 2014, MtronPTI’s Spectrum Control unit has expanded
product offerings to include higher power, higher frequency,
tunable and switched filter offerings for a variety of
applications, including software-defined digital radios, UAV’s and
electronic jamming. In addition, a new strategic partnership with
Microwavefilter/TVC added waveguide filters from 20 GHz to 80 GHz,
with applications for point-to-point data links, satellite, small
cell and microwave backhaul. The recently announced partnership
with Exodus Advanced Communications added solid state power
amplifiers for tactical communications, electronic warfare,
satellite communications, industrial and scientific
applications.
MtronPTI’s Frequency Control unit extended its product portfolio
with a number of new designs for harsh environment applications,
including oscillators with high stability over temperature
performance and low g-sensitivity for airborne radar and commercial
aircraft satellite internet. In addition, low phase noise
oscillators for Stratum III timing in servers and data encryption
systems were added.
Michael Ferrantino, LGL’s CEO, said, “Our focus on new product
development will continue as we enter 2015. The recent addition of
a design center in India is another part of increasing our
engineering bandwidth and creating new opportunities to gain share
and new customers with a broader portfolio and improved IP
position.”
About The LGL Group, Inc.
The LGL Group, Inc., through its wholly-owned subsidiary
MtronPTI, manufactures and markets highly-engineered electronic
components used to control the frequency or timing of signals in
electronic circuits. These components provide low noise and base
accuracy for lab instruments, ensure reliability and security in
aerospace and defense communications, and synchronize data
transfers throughout the wireless and internet infrastructure.
Headquartered in Orlando, Florida, the Company has additional
design and manufacturing facilities in Yankton, South Dakota and
Noida, India, with local sales offices in Sacramento, California
and Hong Kong.
For more information on the Company and its products and
services, contact LaDuane Clifton at The LGL Group, Inc., 2525
Shader Rd., Orlando, Florida 32804, (407) 298-2000, or visit
www.lglgroup.com and www.mtronpti.com.
Caution Concerning Forward Looking Statements
This press release may contain forward-looking statements made
in reliance upon the safe harbor provisions of Section 27A of the
Securities Act of 1933, as amended, and Section 21 E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements include all statements that do not relate solely to
historical or current facts, and can be identified by the use of
words such as “may,” “will,” “expect,” “project,” “estimate,”
“anticipate,” “plan,” “believe,” “potential,” “should,” “continue”
or the negative versions of those words or other comparable words.
These forward-looking statements are not guarantees of future
actions or performance. These forward-looking statements are based
on information currently available to us and our current plans or
expectations, and are subject to a number of uncertainties and
risks that could significantly affect current plans, anticipated
actions and our future financial condition and results. Certain of
these risks and uncertainties are described in greater detail in
our filings with the Securities and Exchange Commission. We are
under no obligation to (and expressly disclaim any such obligation
to) update or alter our forward-looking statements, whether as a
result of new information, future events or otherwise.
The LGL Group, Inc.R. LaDuane Clifton,
407-298-2000lclifton@lglgroup.com
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