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Press Release - Giga-tronics introduces new Real Time ...€¦ · Title: Microsoft Word - Press Release - Giga-tronics introduces new Real Time Threat Emulation System (Final12-2-15).docx

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    NEWS RELEASE For Release on December 02, 2015 Contact: Steven D. Lance6:30 AM (ET) Vice President of Finance/Chief Financial Officer [email protected] (925) 302-1056

    Giga-tronics introduces new Real Time Threat Emulation System

    SANRAMON,Calif.December02,2015GigatronicsIncorporated(theCompany)announcedtodaythereleaseofthenewRealTimeThreatEmulationSystem.ThissystemcombinestheuniquemultichannelfastswitchingcapabilitiesofGigatronicsAdvancedSignalGeneratorhardwareplatformtogetherwithsoftwarebasedondecadesofthreatsimulation.

    JohnRegazzi,PresidentandCEOofGigatronics,saidIamhappytoannounceamajormilestoneintheevolutionofourcompany:theworldsfirsttrulycommercialofftheshelfthreatsystem.Weutilizedover35yearsofmicrowavedesignexpertisetocreateastateoftheartcommercialhardwareplatform,andthroughastrongindustrypartnership,wehaveleverageddecadeslongthreatsimulationsoftwareexperienceallowingustoofferatrulyturnkeysolutionthatmeetsourcustomerscurrentandnextgenerationtestingneeds.Formanyyearscustomershaverequestedanalternativetolargescale,longleadtimesystemwithhighsupportandmaintenancecosts.TodayImhappytoofferourcustomersapowerful,lowleadtime,easytomaintain,nextgenerationtestplatform.

    MarkElo,VPofMarketingofGigatronics,saidOursoftwareandhardwaresolutionredefinesthemarketformidtohighdensitydynamicthreatsignalgeneration.Itscompactformfactor,combinedwithadvancedcapabilitysuchassoftport/channeloperation,dynamicemittercapabilityandaneasytoscalearchitecture,meetsourcustomersneedswithintheElectronicWarfarecommunityforwhathasbeentraditionallyanunderservedmarket.Thisstronghardwareandsoftwaresolutionsignificantlyincreasestheavailablemarketwecanserve.Allindicationsfromourprelaunchactivitiesshowgoodmarketacceptance.

    Gigatronicsisapubliclyheldcompany,tradedontheNASDAQCapitalMarketunderthesymbol"GIGA".Gigatronicsproducesinstruments,subsystemsandsophisticatedmicrowavecomponentsthathavebroadapplicationsindefenseelectronics,aeronauticsandwirelesstelecommunications.

    This press release contains forwardlooking statements concerning operating results, futureordersandsalesofnewproducts,longtermgrowth,andcustomeracceptanceofnewproducts.Actualresultsmaydiffersignificantlyduetorisksanduncertainties,suchas:delaysincustomerordersforthenewAdvancedSignalGenerationSystemandourability tomanufacture it,receiptortimingof futureorders,cancellationsordeferralsofexistingorfutureorders,ourneedforadditionalfinancing,probabledelisting from trading on the NASDAQ CapitalMarket andmoving to the OTCQBmarketplace; thevolatility in themarket price of our common stock; the ability to regain AS9100C or substantiallyequivalentcertification;andgeneralmarketconditions.For furtherdiscussion,seeGigatronics'mostrecentannualreportonForm10KforthefiscalyearendedMarch28,2015Part I,undertheheading

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    "Risk Factors" and Part II, under the heading "Management's Discussion and Analysis of FinancialConditionandResultsofOperations."