The LGL Group, Inc. (NYSE MKT:LGL) (the “Company”) announced that its
subsidiary, MtronPTI, has introduced a full line of solid state RF power
amplifiers, which bring new products using state-of-the-art GaN, LDMOS,
GaAs FET and chip-and-wire technologies that complement its current RF &
microwave filter products.
Solid state RF power amplifiers (SSPAs) are used in tactical radio,
satellite terminal, electronic warfare, point-to-point backhaul, medical
and industrial applications. Wide bandwidth SSPAs handle complex digital
modulation of public safety and defense communications infrastructure.
High power CW and pulsed SSPAs serve air traffic control, weather and
long range radar. Narrow band SSPAs help MRI systems give doctors
clearer images.
Michael Ferrantino, the Company’s Executive Chairman and CEO, said,
“Last month we announced a push into E-band millimeter wave filters to
serve the expanding gigabit-per-second data market. Today, with the new
power amplifier line, MtronPTI expands our market again and takes
another critical step toward providing the complete RF signal path
solution our clients need.”
Serving a broad range of clients from instrumentation through
aeronautics and defense, from startups to major OEMs, MtronPTI already
has a global footprint with offices, factories and partners in the US,
Asia and Europe. Adding advanced technology active components will open
new markets, new clients and bring opportunities for integrated
system-level solutions
Marc Gabelli, the Company’s Chairman of the Board, said, “The Company is
generating new momentum by extending its RF & microwave product
offerings and bringing a broader solution set to our clients, as well as
opening new markets where we can gain share and leverage our platform
through both our technology and our sales channel. These efforts to
create top-line growth and introduce new markets and applications are
fundamental to shareholder value creation.”
About The LGL Group, Inc.
The LGL Group, Inc., through its wholly-owned subsidiary MtronPTI,
manufactures and markets highly-engineered electronic components used to
control the frequency or timing of signals in electronic circuits. These
components provide low noise and base accuracy for lab instruments,
ensure reliability and security in aerospace and defense communications,
and synchronize data transfers throughout the wireless and internet
infrastructure.
Headquartered in Orlando, Florida, the Company has additional design and
manufacturing facilities in Yankton, South Dakota and Noida, India, with
local sales offices in Sacramento, California and Hong Kong.
For more information on the Company and its products and services,
contact LaDuane Clifton at The LGL Group, Inc., 2525 Shader Rd.,
Orlando, Florida 32804, (407) 298-2000, or visit www.lglgroup.com
and www.mtronpti.com.
Caution Concerning Forward-Looking Statements
This press release may contain forward-looking statements made in
reliance upon the safe harbor provisions of Section 27A of the
Securities Act of 1933, as amended, and Section 21 E of the Securities
Exchange Act of 1934, as amended. Forward-looking statements include all
statements that do not relate solely to historical or current facts, and
can be identified by the use of words such as “may,” “will,” “expect,”
“project,” “estimate,” “anticipate,” “plan,” “believe,” “potential,”
“should,” “continue” or the negative versions of those words or other
comparable words. These forward-looking statements are not guarantees of
future actions or performance. These forward-looking statements are
based on information currently available to us and our current plans or
expectations, and are subject to a number of uncertainties and risks
that could significantly affect current plans, anticipated actions and
our future financial condition and results. Certain of these risks and
uncertainties are described in greater detail in our filings with the
Securities and Exchange Commission. We are under no obligation to (and
expressly disclaim any such obligation to) update or alter our
forward-looking statements, whether as a result of new information,
future events or otherwise.
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