Radyne Corp (MM) (NASDAQ:RADN)
Historical Stock Chart
From Dec 2019 to Dec 2024
Radyne Receives $2.3M Order from DataPath
PHOENIX, Jan. 5 /PRNewswire-FirstCall/ -- Radyne ComStream (Nasdaq: RADN;
Warrants: RADNW) today announced that during December 2004, it received an
order for $2.3 million to supply DataPath, Inc. with its flagship satellite
modem, the DMD20. DataPath will use the modems in its DKET (Deployable Ku-Band
Earth Terminal) and TRACKX products.
"We are delighted that DataPath chose Radyne to support these important
products," said Bob Fitting, Radyne's CEO. "The DMD-20 Universal satellite
modem has demonstrated reliability that is essential for these strategic and
mission-critical applications. The DMD-20 has more features than any other
modem today."
DataPath's DKET and TRACKX terminals are designed to provide worldwide
connectivity via-satellite to expeditionary groups operating in locations that
lack telecommunications infrastructure. With over 80 satellite earth terminals
deployed worldwide at the service of the U.S. Government and commercial
customers, these successfully field tested designs are ideal for semi-permanent
deployment to remote and/or unmanned field locations. The DMD20 modem is a
core component of both products.
"Our choice of Radyne products over the last seven years underscores our
confidence in their technology and their ability to support our integrated
products," said Andy Mullins, DataPath's CEO. "Both the DKET and TRACKX are
DataPath's most visible and successful products providing satellite
telecommunications services to our global customer base."
About DataPath
DataPath, Inc. is a leading supplier of both U.S. Government and commercial
satellite communication earth station systems and services. DataPath, Inc. is
headquartered in Norcross, Georgia; with global operating presence in 17
countries. For more information, please visit http://www.datapath-inc.com/.
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 Datapath's use of the Company's products
will satisfy their customer's requirements.
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.
Contact: Malcolm Persen, Chief Financial Officer, 602.437.9620
DATASOURCE: Radyne ComStream
CONTACT: Malcolm Persen, Chief Financial Officer of Radyne ComStream,
+1-602-437-9620
Web site: http://www.datapath-inc.com/
Web site: http://www.radn.com/