WEST CALDWELL, N.J., Oct. 6 /PRNewswire-FirstCall/ -- Merrimac Industries,
Inc. (Amex: MRM), today announced a quarterly record of $9.3 million of orders
received in the third quarter ended September 27, 2008. Satellite
communications and radar applications comprised a major share of this new
business. Over $2 million of the new orders were for products that utilize
Multi-Mix(R) Microtechnology solutions.
Mason N. Carter, Chairman and CEO stated, 'We are pleased with this very
strong performance. It is encouraging that this record booking level
represents a good product mix with significant Multi-Mix(R) content. This
enhances our record backlog level.'
About Merrimac
Merrimac Industries, Inc. is a leader in the design and manufacture of RF
Microwave signal processing components, subsystem assemblies, and Multi-Mix(R)
micro-multifunction modules (MMFM(R)), for the worldwide Defense, Satellite
Communications (Satcom), Commercial Wireless and Homeland Security market
segments. Merrimac is focused on providing Total Integrated Packaging
Solutions(R) with Multi-Mix(R) Microtechnology, a leading edge competency
providing value to our customers through miniaturization and integration.
Multi-Mix(R) MMFM(R) provides a patented and novel packaging technology that
employs a platform modular architecture strategy that incorporates embedded
semiconductor devices, MMICs, resistors, passive circuit elements and plated-
through via holes to form a three-dimensional integrated module used in High
Power, High Frequency and High Performance mission-critical applications.
Merrimac Industries facilities are registered under ISO 9001:2000, an
internationally developed set of quality criteria for manufacturing
operations.
Merrimac Industries, Inc. has facilities located in West Caldwell, NJ and
San Jose, Costa Rica and has approximately 200 co-workers dedicated to the
design and manufacture of signal processing components, gold plating of high-
frequency microstrip and bonded stripline Teflon (PTFE) circuits and
subsystems providing Total Integrated Packaging Solutions(R) for wireless
applications. Merrimac (MRM) is listed on the American Stock Exchange. Multi-
Mix(R), Multi-Mix PICO(R), MMFM(R), System In A Package(R), SIP(R) and Total
Integrated Packaging Solutions(R) are registered trademarks of Merrimac
Industries, Inc. For more information about Merrimac Industries, Inc. please
visit our website http://www.merrimacind.com .
This press release contains statements relating to future results of the
Company (including certain projections and business trends) that are 'forward-
looking statements' as defined in the Private Securities Litigation Reform Act
of 1995. Actual results may differ materially from those projected as a result
of certain risks and uncertainties. These risks and uncertainties include, but
are not limited to: risks associated with demand for and market acceptance of
existing and newly developed products as to which the Company has made
significant investments, particularly its Multi-Mix(R) products; the
possibilities of impairment charges to the carrying value of our Multi-Mix(R)
assets, thereby resulting in charges to our earnings; risks associated with
adequate capacity to obtain raw materials and reduced control over delivery
schedules and costs due to reliance on sole source or limited suppliers;
slower than anticipated penetration into the satellite communications, defense
and wireless markets; failure of our Original Equipment Manufacturer or OEM
customers to successfully incorporate our products into their systems; changes
in product mix resulting in unexpected engineering and research and
development costs; delays and increased costs in product development,
engineering and production; reliance on a small number of significant
customers; the emergence of new or stronger competitors as a result of
consolidation movements in the market; the timing and market acceptance of our
or our OEM customers' new or enhanced products; general economic and industry
conditions; the ability to protect proprietary information and technology;
competitive products and pricing pressures; our ability and the ability of our
OEM customers to keep pace with the rapid technological changes and short
product life cycles in our industry and gain market acceptance for new
products and technologies; risks relating to governmental regulatory actions
in communications and defense programs; and inventory risks due to
technological innovation and product obsolescence, as well as other risks and
uncertainties as are detailed from time to time in the Company's Securities
and Exchange Commission filings. These forward-looking statements are made
only as of the date hereof, and the Company undertakes no obligation to update
or revise the forward-looking statements, whether as a result of new
information, future events or otherwise.
Contact: Mason N. Carter, Chairman & CEO
973-575-1300, ext. 1202
mnc@merrimacind.com
SOURCE Merrimac Industries, Inc.