The LGL Group, Inc. (NYSE MKT: LGL) (the “Company”) discussed the focus
of its subsidiary, MtronPTI, on new product development and expansion of
its technical position during 2014, as well as its long-term strategy to
extend its technology and IP position.
Marc Gabelli, the Company’s Chairman of the Board, said, “MtronPTI’s
focus on extending its IP position in 2014 has led to technical advances
and a wider product offering, as well as new strategic partnerships that
add to engineering bandwidth. These ongoing efforts can create long-term
growth for the company and ultimately value for LGL’s shareholders.”
During 2014, MtronPTI’s Spectrum Control unit has expanded product
offerings to include higher power, higher frequency, tunable and
switched filter offerings for a variety of applications, including
software-defined digital radios, UAV’s and electronic jamming. In
addition, a new strategic partnership with Microwavefilter/TVC added
waveguide filters from 20 GHz to 80 GHz, with applications for
point-to-point data links, satellite, small cell and microwave backhaul.
The recently announced partnership with Exodus Advanced Communications
added solid state power amplifiers for tactical communications,
electronic warfare, satellite communications, industrial and scientific
applications.
MtronPTI’s Frequency Control unit extended its product portfolio with a
number of new designs for harsh environment applications, including
oscillators with high stability over temperature performance and low
g-sensitivity for airborne radar and commercial aircraft satellite
internet. In addition, low phase noise oscillators for Stratum III
timing in servers and data encryption systems were added.
Michael Ferrantino, LGL’s CEO, said, “Our focus on new product
development will continue as we enter 2015. The recent addition of a
design center in India is another part of increasing our engineering
bandwidth and creating new opportunities to gain share and new customers
with a broader portfolio and improved IP position.”
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.
![](http://cts.businesswire.com/ct/CT?id=bwnews&sty=20141211006476r1&sid=ntxv4&distro=nx&lang=en)
Copyright Business Wire 2014