Aeroflex (NASDAQ:ARXX)
Historical Stock Chart
From Sep 2019 to Sep 2024
Aeroflex Incorporated (Nasdaq: ARXX) today announced that it has
completed the acquisition of privately-held MicroMetrics, Inc. of
Londonderry, New Hampshire. MicroMetrics is a design and full service
manufacturer of both standard and application specific RF/Microwave
diodes and semiconductor devices.
“We believe the acquisition of MicroMetrics is
strategic and strengthens our Hi-Reliability, Hi-Performance
RF/Microwave product portfolio of semiconductor solutions that will
enable us to better service our demanding customer applications,”
said John Buyko, President, Aeroflex Microelectronic Solutions. “We
are delighted that the MicroMetrics team will be joining forces with our
company and are looking forward to working with them.”
About Aeroflex
Aeroflex Incorporated (Nasdaq: ARXX) is a global provider of high
technology solutions to the aerospace, defense, cellular and broadband
communications markets. The Company’s diverse
technologies allow it to design, develop, manufacture and market a broad
range of test, measurement and microelectronic products. The Company’s
common stock trades on the Nasdaq National Market System under the
symbol ARXX and is included in the S&P SmallCap 600 index. Additional
information concerning Aeroflex Incorporated can be found on the Company’s
Web site: www.aeroflex.com.
All statements other than statements of historical fact included in
this press release regarding Aeroflex’s
financial position, business outlook, business strategy and plans and
objectives of its management for future operations are forward-looking
statements. When used in this press release, words such as “anticipate,”
“believe,” “estimate,”
“expect,” “intend”
and similar expressions, as they relate to Aeroflex or its management,
identify forward-looking statements. Such forward-looking
statements are based on the current beliefs of Aeroflex’s
management, as well as assumptions made by and information currently
available to its management. Actual results could differ
materially from those contemplated by the forward-looking statements as
a result of certain factors, including but not limited to, competitive
factors and pricing pressures, the integration of acquired businesses,
changes in legal and regulatory requirements, technological change or
difficulties, product development risks, commercialization difficulties,
general economic conditions, and other risk factors disclosed in Aeroflex’s
most recently filed Form 10-Q. Such statements reflect the
current views of management with respect to the future and are subject
to these and other risks, uncertainties and assumptions relating to
Aeroflex’s financial condition, results of
operations, growth strategy and liquidity. Aeroflex does not
undertake any obligation to update such forward-looking statements.