The MICROWAVE VISION Group (NYSE-Euronext: ALMIC) Announces the Signing of a Contract for $2 M (1.45 MEUR) in Asia
This new Contract, From a Major Asian Industrial Client, Confirms the Strong International Recognition of the MICROWAVE VISION Group in the Aerospace and Defense Sector, Where 59% of its Sales are Generated
PARIS, December 2, 2010 /PRNewswire/ -- Innovative product line
The contracted system is dedicated to measuring antenna radiation characteristics as quickly as possible. It permits the measurement of very broad bands of frequencies, from 200 MHz to 18 GHz, in a single test.
The system is composed of a rotating mechanical arm and a 12 m diameter multi-probe arch, part of the latest generation of products from the MICROWAVE VISION Group. It combines the expertise of the American company ORBIT/FR and the French company SATIMO, who for the past two years have been operating under the same holding company, MICROWAVE VISION.
"The combined efforts of our engineering teams at ORBIT/FR and SATIMO have resulted in new product lines that leverage our total expertise. We are now able to propose innovative multi-probe solutions that meet current market demands for the Aerospace and Defense sector," explains Philippe Garreau, President of MICROWAVE VISION.
This new contract confirms the strategic vision of leveraging the complementary activities of the two companies. In effect, SATIMO, a telecom specialist, sought a more favorable position in the Aerospace and Defense sector with the 2008 integration of ORBIT/FR, Inc. (OTC Bulletin Board: ORFR). At the conclusion of 2010, the MICROWAVE VISION Group confirms confidence in its strength in the Telecommunications and Aerospace & Defense sectors, its two main markets. Accordingly, the Group anticipates an increase in this activity for 2011.
About MICROWAVE VISION:
MICROWAVE VISION (NYSE-Euronext: ALMIC) is one of the leading world producers of antenna test and measuring systems for the radiocommunication, automotive, defense, and aerospace fields. With the inclusion of the business activities of ORBIT/FR Inc. (OTC Bulletin Board: ORFR), an American company purchased in May 2008, the group is strengthening its position on its markets by offering the most innovative and comprehensive solutions available. The range of solutions offered combines high-precision electronic scanners developed by SATIMO INDUSTRIES using its "microwave vision" technology with ORBIT/FR products developed using high-performance positioner and electromechanical scanner technology. MICROWAVE VISION is present in 8 countries (France, Italy, Germany, Sweden, USA, Israel, China, and Japan) and has 240 employees. The group boasts a clientele of major international accounts. It recorded sales of EUR34.8m for its year ended December 31 2009. MICROWAVE VISION is OSEO certified "Innovative Enterprise."
Alternext, FR ISIN code 0004058949 http://www.microwavevision.com
Press Relations - C3M Agency - Tél: +33-1-47-34-01-15 - Michelle Amiard - [email protected]
SOURCE The MICROWAVE VISION GROUP
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