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RADN Radyne Corp (MM)

11.49
0.00 (0.00%)
27 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Radyne Corp (MM) NASDAQ:RADN NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 11.49 0 00:00:00

Radyne Receives $2.3M Order from DataPath

05/01/2005 1:01pm

PR Newswire (US)


Radyne Corp (MM) (NASDAQ:RADN)
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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/

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