Communications & Power Industries Awarded Initial Orders of More than $5 Million to Support U.S. Military Communications
PALO ALTO, Calif. - September 27, 2012 - Communications & Power Industries LLC (CPI) has received initial orders totaling more than $5 million from a prime contractor for high-power, Ka-band satellite communications amplifiers. These satcom amplifiers will be used in a U.S. military communications program intended to provide worldwide communications connectivity to tactically deployed forces.
CPI will provide both solid-state and vacuum electron device products for the program, including solid-state power amplifiers (SSPAs) with internal block-up converters (BUCs) and CPI's SuperLinearÂ® traveling wave tube amplifiers (TWTAs). Work on this program will be performed across several of CPI's divisions. The program is expected to continue for the next five years.
"It is an honor for CPI to have been selected to participate in this program supporting the U.S. military," said Joe Caldarelli, chief executive officer of CPI. "Communications systems that are reliable and rugged, yet small and light, are of critical importance to our warfighters, and CPI has devoted significant resources to developing and manufacturing dependable and state-of-the-art military communications products. In particular, our high-power SSPAs and SuperLinear TWTAs, such as the ones being used in this program, have been well received by our military communications customers."
About Communications & Power Industries LLC
Communications & Power Industries LLC, headquartered in Palo Alto, California, is a subsidiary of CPI International Holding Corp. and CPI International, Inc. and a leading provider of microwave, radio frequency, power and control solutions for critical defense, communications, medical, scientific and other applications. Communications & Power Industries LLC 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; our significant amount of debt; changes or reductions in the U.S. defense budget; currency fluctuations; goodwill impairment considerations; customer cancellations of sales contracts; U.S. Government contracts; export restrictions and other laws and regulations; international laws; changes in technology; the impact of unexpected costs; the impact of a general slowdown in the global economy; the impact of environmental laws and regulations; 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.
Amanda Mogin, Communications & Power Industries, investor relations, +1.650.846.3998, firstname.lastname@example.org