April 13, 2004
US Monolithics Awarded $2.7 Million to Develop Components for US Military Program
US Monolithics, a supplier of broadband wireless transceiver MMICs and modules, has won a contract valued at approximately $2.7 million to develop custom monolithic microwave integrated circuits (MMICs) and associated packaging for a US military program. The contract calls for the development of advanced, multi-function components using state-of-the-art monolithic processes. The US Monolithics contract includes two options that could bring the total development award to $7 million if exercised. US Monolithics is not able to disclose the customer or program name.
About US Monolithics
U.S. Monolithics, based in Chandler, Arizona, is a wholly owned subsidiary of ViaSat Inc., a producer of innovative satellite and other network communication products that enable fast, easy, secure, and efficient communications to any location. U.S. Monolithics focuses on providing superior, low-cost, MMIC-based products to the growing wireless telecommunications markets including satellite communications, point-to-point, and point-to-multipoint systems. U.S. Monolithics’ products include high-power Gallium Arsenide (GaAs) Monolithic Microwave Integrated Circuit (MMIC) components and multi-chip modules, including power amplifiers, transceivers, and integrated block converters.
Safe Harbor Statement
Portions of this release, particularly statements about potential future awards to US Monolithics, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 . ViaSat wishes to caution you that there are some factors that could cause actual results to differ materially from historical results or from any results expressed or implied by such forward-looking statements, including but not limited to : ViaSat’s ability to perform under existing contracts and obtain additional contracts, ViaSat’s ability to develop new products that gain market acceptance, changes in product supply, pricing and customer demand, changes in relationships with, or the financial condition of, key customers or suppliers, changes in government regulations, changes in economic conditions globally and in the communications markets in particular, increased competition, potential product liability, infringement and other claims, and other factors affecting the communications industry generally. ViaSat refers you to the documents it files from time to time with the Securities and Exchange Commission, specifically the section titled Factors That May Affect Future Performance in ViaSat’s Form 10-K. These documents contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statements.