AMLJ Stock: AML Communications Receives $2.0 Million Order
AML Communications, Inc. (OTCBB:AMLJ) today announced it has received a
$2.0 million order for products utilized in the Miniature Air Launched
Decoy (MALD) Program. General information on this program is available
at: http://www.globalsecurity.org/military/systems/aircraft/systems/
mald.htm.
A recent update on the MALD program is available at: http://www.defenseindustrydaily.com/Raytheons-MALD-Decoys-Gaining-
Versatility-04844/
(Due to their length, these URLs may need to be copied/pasted into your
Internet browser's address field. Remove the extra space if one exists.)
This order supersedes the initial $1.0 million order (see our press
release dated March 26, 2008) that was intended to expedite procurement
of long lead-time material to support high volume manufacturing. The
current order is defined as a Low Rate Initial Production (“LRIP-1”),
and is expected to be followed by LRIP-2, an order of the same magnitude.
The order is the beginning of volume production for a 5-year program
previously announced on June 29, 2005. The value of the program when all
options are exercised is $30 million.
AML Communications is a designer, manufacturer and marketer of
amplifiers and integrated assemblies that address the Defense Electronic
Warfare Markets. The Company's Web site is located at http://www.amlj.com
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,”
“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-KSB 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, Inc. Jacob Inbar President and Chief
Executive Officer 805-388-1345, Ext. 201
