Giga-tronics Celebrates 40 Years Serving the Worldwide RF & Microwave Community
DUBLIN, Calif., March 05, 2020 (GLOBE NEWSWIRE) -- Giga-tronics Incorporated (OTCQB: GIGA) (the “Company”) today celebrates its 40th Anniversary.
Founded on March 5, 1980, Giga-tronics has been helping solve some of the world’s most difficult RF & Microwave test problems with the development of state-of-the-art frequency synthesizers, power measurement equipment and custom microwave components. Over the past decade, Giga-tronics has transitioned from a supplier of general-purpose electronic test equipment into a technology partner for RADAR and Electronic Warfare solutions in both laboratory and operational environments. Giga-tronics’ product lines include the Advanced Signal Generation and Analysis Platform for high-end signal simulation applications and the Microsource flight worthy Synthesized Tunable Band Reject Filters for interference mitigation on board fighter jets. The Company is ISO 9001 and AS 9100 certified and works with the prime aerospace and defense contractors, the armed services, as well as research institutes supporting the defense industry.
John Regazzi, Chief Executive Officer of the Company, said, “As we celebrate our 40th anniversary, we take a moment to remember the hard work and innovation that has gone into getting us here today and we look forward to our continued evolution and path forward. Over the years we have consistently evolved with the needs of the market to provide the high reliability and advanced technology solutions our customers require. We are now at a particularly exciting inflection point in our business and very optimistic about our future.”
Lutz Henckels, Executive Vice President and Chief Financial Officer, stated, “Giga-tronics has achieved many milestones in its 40 years in operation and we feel confident in the strength of our team to continue to uphold Giga-tronics’ reputation as a leader in the RF/Microwave Filter industry and the RADAR/EW test systems segment. Giga-tronics is at a unique point in its growth with an opportunity to capture a significantly larger part of the RADAR/EW test market. We’d like to thank our dedicated employees who are the cornerstone of our Company’s ability to develop and produce cutting-edge, next generation solutions.”
About Giga-tronics Incorporated
Giga-tronics is a publicly held company, traded on the OTCQB Capital Market under the symbol "GIGA". Giga-tronics produces RADAR filters and Microwave Integrated Components for use in military defense applications as well as sophisticated RADAR and Electronic Warfare (RADAR/EW) test products primarily used in electronic warfare test & emulation applications.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should", “would” or occur. Forward-looking statements include, among others, those concerning future product developments, future prospects, future operating results (including, for example, future revenue, growth, margin and profitability), future industry leadership. Forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include the Company’s ability to successfully manufacture its RADAR/EW test products, to identify customer needs and to design and implement new features; the timely receipt of components from third-party suppliers, the receipt or timing of future orders for products or services, cancellations or deferrals of existing or future orders; the adequacy of the Company’s capital resources; the Company’s ability to manage costs; the results of pending or threatened litigation; the Company’s ability to successfully implement its business plan; the Company’s need to modify its business plan as a result of these or other risks; the volatility in the market price of the Company’s common stock; and general market conditions. You should not place undue reliance on any forward-looking statements, which are made as of the date of this press release. The Company undertakes no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements. For further discussion, see the Company’s most recent annual report on Form 10-K for the fiscal year ended March 30, 2019 Part I, under the heading "Risk Factors" and Part II, under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations" and those in other public files the Company may make with the SEC.
|Contact: Lutz Henckels||Agency Contact:|
|Executive Vice President & CFO||John Nesbett/Jennifer Belodeau|
|email@example.com||IMS Investor Relations|
|(925) 328-4650 ext. 4698||203.972.9200|
Released March 5, 2020