Communications & Power Industries Receives $1.7 Million Initial Contract for High-Power Amplifiers to Support a Multinational Or
June 22 2009 - 12:00PM
PR Newswire (US)
PALO ALTO, Calif., June 22 /PRNewswire/ -- Communications &
Power Industries, Inc. (CPI) has received an approximately $1.7
million initial contract from Globecomm Systems Inc. to support a
multinational defense organization. Under the contract, CPI will
supply high-power, X-band communications amplifiers for new and
upgraded satellite ground terminals. CPI's high-power amplifiers
will be used to expand the capacity of existing terminals to
operate in X-band frequencies, as well as in the design and
development of new satellite ground terminals that also operate in
X-band frequencies. CPI, a subsidiary of CPI International, Inc.
(NASDAQ:CPII), is a leading provider of microwave, radio frequency,
power and control solutions for critical defense, communications,
medical, scientific and other applications. Globecomm Systems
(NASDAQ:GCOM) provides satellite-based communications
infrastructure solutions and services to commercial and
government-related customers around the world. (Logo:
http://www.newscom.com/cgi-bin/prnh/20060426/CPILOGO) Work on this
contract will be performed at CPI's Satcom Division, and shipments
are scheduled to begin in fiscal 2009. The initial program is
expected to result in a multi-year program for CPI, with potential
follow-on contracts of up to $3.5 million over the next three
years. "Supporting military communications programs is a growing
business for CPI," said Andy Tafler, president of CPI's Satcom
Division. "This latest contract to support a multinational defense
organization demonstrates that our military communications products
are in demand both within the U.S. and internationally." About CPI
International, Inc. CPI International, Inc., headquartered in Palo
Alto, California, is the parent company of Communications &
Power Industries, Inc., a leading provider of microwave, radio
frequency, power and control solutions for critical defense,
communications, medical, scientific and other applications.
Communications & Power Industries, Inc. develops, manufactures
and distributes products used to generate, amplify, transmit and
receive high-power/high-frequency microwave and radio frequency
signals and/or provide power and control for various applications.
End-use applications of these systems include the transmission of
radar signals for navigation and location; transmission of
deception signals for electronic countermeasures; transmission and
amplification of voice, data and video signals for broadcasting,
Internet and other types of commercial and military communications;
providing power and control for medical diagnostic imaging; and
generating microwave energy for radiation therapy in the treatment
of cancer and for various industrial and scientific applications.
Certain statements included above constitute "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. Forward-looking statements provide our current
expectations, beliefs or forecasts of future events.
Forward-looking statements are subject to known and unknown risks
and uncertainties, which could cause actual events or results to
differ materially from the results projected, expected or implied
by these forward-looking statements. These factors include, but are
not limited to, competition in our end markets; the impact of a
general slowdown in the global economy; our significant amount of
debt; changes or reductions in the U.S. defense budget; currency
fluctuations; U.S. government contracts laws and regulations;
changes in technology; the impact of unexpected costs; and
inability to obtain raw materials and components. These and other
risks are described in more detail in our periodic filings with the
Securities and Exchange Commission. As a result of these
uncertainties, you should not place undue reliance on these
forward-looking statements. All future written and oral
forward-looking statements attributable to us or any person acting
on our behalf are expressly qualified in their entirety by the
cautionary statements contained or referred to in this section. New
risks and uncertainties arise from time to time, and it is
impossible for us to predict these events or how they may affect
us. We undertake no duty or obligation to publicly revise any
forward-looking statement to reflect circumstances or events
occurring after the date hereof or to reflect the occurrence of
unanticipated events or changes in our expectations.
http://www.newscom.com/cgi-bin/prnh/20060426/CPILOGO
http://photoarchive.ap.org/ DATASOURCE: CPI International, Inc.
CONTACT: Amanda Mogin, Communications & Power Industries,
investor relations, +1-650-846-3998, Web Site: http://www.cpii.com/
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