AML Communications Delivers Components for the “Patriot” Anti-Missile Upgrade Program
April 28, 2010 09:00 AM Eastern Daylight Time
AML Communications, Inc. (OTCBB: AMLJ), a producer of specialized amplifiers and integrated assemblies for the defense electronic warfare industry, today announced that in mid 2009 it identified an opportunity to develop products intended for the upgrade of the “Patriot” anti-missile system.
Work commenced nine months ago and has now reached a milestone with the Company’s delivery of the first hardware components for this system. The identity of the Company’s customer on this program is withheld per confidentiality requirements.
“We are pleased that the units’ performance meets forecasted improvements in all areas,” said Jacob Inbar, AML President and Chief Executive Officer. “We appreciate our customer’s trust on such an important and high visibility defense program, and are confident AML’s success on this project positions us well for the future.”
As mentioned in previous communications, it is AML’s policy to disclose work on specific projects when hard performance or timeline milestones are achieved.
The “Patriot” anti-missile system has proven its ability in the Persian Gulf War/Operation Desert Storm as well as in Operation Iraqi Freedom. The system uses state of the art components and assemblies and is known to have been deployed across the world with friendly nations.
About AML Communications
AML Communications is a designer, manufacturer, and marketer of specialized amplifiers and integrated assemblies that address the defense electronic warfare markets. Its key customers include Raytheon, Lockheed Martin, Northrop Grumman, L-3 Communications, BAE, and others. The Company’s extensive range of microwave low noise amplifiers and power amplifiers can be found in leading defense projects. For more information, visit www.amlj.com.
Forward-Looking Statements
This press release contains forward-looking statements made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, the Company’s views on future profitability, commercial revenues, market growth, capital requirements, new product introductions, and are generally identified by words such as “thinks,” “forecasts,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “schedules,” and similar words. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. These factors and uncertainties include: reductions or cancellations in orders from new or existing customers; success in the design of new products; the opportunity for future orders from domestic and international customers including, in particular defense customers; general economic conditions; the limited number of potential customers; variability in gross margins on new products; inability to deliver products as forecast; failure to acquire new customers; continued or new deterioration of business and economic conditions in the wireless communications industry; and intensely competitive industry conditions with increasing price competition. The Company refers interested persons to its most recent Annual Report on Form 10-K and its other SEC filings for a description of additional uncertainties and factors that may affect forward-looking statements. Forward-looking statements are based on information presently available to senior management, and the Company has not assumed any duty to update its forward-looking statements.
AML Communications
Jacob Inbar, President and Chief Executive Officer
805-388-1345, Ext. 201
or
Financial Profiles
Tricia Ross, 916-939-7285
Copyright Business Wire 2010
Mike
SwingTrade is my favorite board - #board-1781
Due diligence on my favorite stocks is located on the sticky note on the SwingTrade board.
