Giga-tronics Receives $720,000 Order for Radar Threat Generation System

DUBLIN, Calif., Sept. 02, 2020 (GLOBE NEWSWIRE) -- Giga-tronics Incorporated (GIGA) (the “Company”) received a $720K order in direct support of the US Navy and the US Air Force to provide a Test Range Threat Emitter Generation capability for the operational testing of advanced Electronic Warfare (EW) weapons systems and aircrew training on fourth and fifth generation fighter aircrafts. This is a new application and market focus for Giga-tronics, leveraging the Company’s previously developed lab-based Real-Time Threat Emulation System (TemS).

Armand Pantalone, Chief Technology Officer for the Company, stated, “The Giga-tronics suite of Advanced Microwave Signal Generation and Analysis Products are the ideal solution for testing advanced Radar and EW Systems because they share a common architecture and design as the tactical systems being developed and tested.  Test and Evaluation (T&E) customers are able to easily synthesize, then reprogram, complex mission scenarios in real time with the added benefit of incorporating realistic background signals in the simulation. This is a huge plus for our warfighters and the test directorates, labs and ranges supporting them.“

Daniel Kirby, Vice President – Business Development of the Company, commented, “This new capability allows the warfighter to practice against the most current and rapidily emerging advanced threat signals in realistic simulations of Integrated Air Defense System engagements. This capability expands our markets beyond the laboratories and onto the military test ranges."

Giga-tronics is continually developing new products and solutions in support of all levels of System Design, Development, Verification, Validation, and Operational Testing of Radar and Electronic Warfare systems.

About Giga-tronics Incorporated (GIGA)

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", or “would” occur.  Forward-looking statements include, among others, those concerning future product developments, future prospects, future operating results (including, for example, future revenue, growth, expenses, margin and profitability), growth in market share and expected and potential sales to customers.  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 and cancellations or deferrals of existing or future orders; the adequacy of the Company’s capital resources; the Company’s ability to manage expenses; 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 the circumstances relating to the COVID-19 pandemic and governmental responses.  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 28, 2020 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.

Company Contact:Agency Contact:
Lutz HenckelsJohn Nesbett/Jennifer Belodeau
Executive Vice President, CFO and COOIMS Investor Relations
(925) 328-4650 ext. 4698203.972.9200
lhenckels@gigatronics.com
jnesbett@institutionalms.com

Image: Giga-tronics Incorporated Logo

Source: Giga-tronics Incorporated (GIGA)

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.