ORLANDO, Fla., April 21, 2009 (GLOBE NEWSWIRE) -- MtronPTI, a wholly-owned subsidiary of LGL Group (NYSE Amex:LGL) and a leading producer of frequency control, filter and integrated subsystems, today announced it had secured active projects with 12 industry leaders in the $10 billion satellite manufacturing market -- a goal initiated in May 2007.
Clients include Boeing Space Systems, L-3 Communications, Orbital Sciences, Northrop Grumman, Trak Microwave Corp., NEC-Toshiba Space Systems and others.
"The satellite industry is a great fit for MtronPTI due to our strong engineering, quality systems capabilities and product reliability," according to Robert Zylstra, LGL's Chief Executive Officer. "It also provides us with a substantial growth opportunity for our products over the next ten years due to the expected launching schedules for both military and commercial satellites," Mr. Zylstra said. "These satellites will be used for upgraded entertainment capabilities, military wireless networks and commercial communications."
Extraordinary Requirements For Reliability
"Electronics for space applications must meet extraordinary requirements for reliability and performance. Leading customers recognize our capabilities and are including MtronPTI in the design, verification and construction of LC filters, crystal filters, and cavity filters for earth-orbiting satellites," according to Dick Thompson, the VP of Sales and Marketing for MtronPTI. "These products operate in frequencies from 8 megahertz to 10 gigahertz, well into the microwave range," Mr. Thompson said.
The $40 million company introduced a record 10 new products into the military/aerospace/telecommunications markets over the past year. The LGL Group will participate in the TechAmerica Micro Cap Investors Conference in Monterey, CA, May 3-5.