LANCASTER, Pa., Jan. 20 /PRNewswire-FirstCall/ -- Herley Industries, Inc. announced today that its Herley Medical Products division has received orders totaling approximately $1 million from a major medical original equipment manufacturer (OEM). The orders are for Broadband Power Amplifier Systems used during Multi-Nuclear Spectroscopy (MNS) procedures with the OEM’s new Magnetic Resonance Imaging (MRI) System. The Amplifier Systems are slated for delivery by mid-2004.
John M. Kelley, President, stated, “We are very pleased to be able to support the advance of medical research and treatment development using the MRI modality. We plan to continue working closely with our customer to build a long and mutually beneficial business relationship.”
Kelley continued, “Herley Medical continues to demonstrate strength in its ability to rapidly and reliably meet the shifting demands of the scientific and medical markets. We will continue this strategy that leverages Herley’s strengths to pursue new opportunities in the medical and scientific industries.”
Herley Industries, Inc. is a leader in the design, development and manufacture of microwave technology solutions for the defense, aerospace and medical industries worldwide. Based in Lancaster, PA, Herley has six locations and approximately 675 employees worldwide. Additional information about the company can be found on the Internet at http://www.herley.com/.
For information at Herley contact: Tel: (717) 735-8117 Peg Guzzetti http://www.herley.com/ Investor Relations
Safe Harbor Statement - Except for the historical information contained herein, this release may contain forward-looking statements. Such statements are inherently subject to risks and uncertainties. The Company’s results could differ materially based on various factors, including, but not limited to cancellation or deferral of customer orders, difficulties in the timely development of new products, difficulties in manufacturing, increased competitive pressures, and general economic conditions.
Herley Industries, Inc.
CONTACT: Peg Guzzetti, Investor Relations, Herley Industries, Inc.,+1-717-735-8117
Web site: http://www.herley.com/