Radyne Corp (MM) (NASDAQ:RADN)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Radyne Corp (MM) Charts. Click Here for more Radyne Corp (MM) Charts.](/p.php?pid=staticchart&s=N%5ERADN&p=8&t=15)
Radyne Books Over $4 Million in New Orders During Last Week of
2004
PHOENIX, Jan. 7 /PRNewswire-FirstCall/ -- Radyne ComStream (Nasdaq: RADN;
Warrants: RADNW) today announced that it received more than $4 million in new
orders during the last week of 2004 including an order for $1.1 million to
supply an Asian Telecommunications Provider with its flagship satellite modem,
the DMD20. The new orders covered Radyne's broad spectrum of products and also
included frequency converters, microwave modems, datacast receivers, HDTV
encoders, and HDTV decoders. These new orders are in addition to previously
announced orders.
"The DMD20 continues to increase its penetration in the marketplace as a
variety of customers recognize its versatility, reliability and large
feature-set," said Bob Fitting, Radyne's CEO. "The string of recent orders has
demonstrated customer confidence in Radyne's ability to support a range of
satellite communication needs from mobile phone backhaul to remote Defense
installations as well as HDTV broadcast."
About Radyne ComStream
Radyne ComStream designs, manufactures, sells, integrates and installs
products, systems and software used for the transmission and reception of data
and video over satellite, microwave and cable communication networks. The
Company, through the Tiernan subsidiary, is a supplier of HDTV and SDTV
encoding and transmission equipment. Radyne ComStream is headquartered in
Phoenix, Arizona, has manufacturing facilities in Phoenix and San Diego, and
sales offices in Singapore, Beijing, Jakarta and London. The Company also has
sales and/or service centers in Sao Paulo, Bangalore, Shanghai and Moscow. For
more information visit our web site at http://www.radn.com/.
Safe Harbor Paragraph for Forward-Looking Statements
This press release includes statements that may constitute "forward- looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995 (the "Reform Act") and Radyne ComStream claims the protection of the
safe-harbor for forward-looking statements contained in the Reform Act. These
forward-looking statements are often characterized by the terms "may,"
"believes," "projects," "expects," or "anticipates," and do not reflect
historical facts. Forward-looking statements involve risks, uncertainties and
other factors that may cause actual results, performance or achievements of
Radyne ComStream and its subsidiaries to be materially different from those
expressed or implied by such forward-looking statements. Factors that could
affect Radyne ComStream's results and cause them to materially differ from
those contained in the forward-looking statements contained herein include,
without limitation our belief that the Company's products will satisfy their
customer's requirements and lead to higher market penetration and, therefore,
higher revenues and profits.
Other factors that may affect forward-looking statements and the Company's
business generally include but are not limited to:
* Prospects of the international markets and global economy given that
Radyne ComStream depends heavily on international sales.
* A downturn in the evolving telecommunications and Internet industries.
* The effect that acts of international terrorism may have on Radyne
ComStream's ability to ship products abroad.
* Other factors that Radyne ComStream is currently unable to identify or
quantify, but may exist in the future.
Forward-looking statements speak only as of the date the statement was made.
Radyne ComStream does not undertake and specifically declines any obligation to
update any forward-looking statements.
For further information please contact: Malcolm Persen, Chief Financial
Officer of Radyne ComStream, +1-602-437-9620
DATASOURCE: Radyne ComStream
CONTACT: Malcolm Persen, Chief Financial Officer of Radyne ComStream,
+1-602-437-9620
Web site: http://www.radn.com/