PLAINVIEW, NEW YORK -- (BUSINESS WIRE) -- June 21, 2005 -- Aeroflex Incorporated (Nasdaq: ARXX), spécialiste de premier plan dans la conception, le développement et la fabrication de bancs de test automatisés et de solutions de microélectronique destinés aux marchés de l'aéronautique, de la défense et des communications à très large bande (ou communications haut débit), a annoncé ce jour que suite à son acquisition de la Division Tests et Mesures (« SPG », Special Products Group) de la société UbiNetics Holdings Limited, finalisée le 23 mai 2005, elle avait accordé à plusieurs salariés de SPG embauchés par Aeroflex des options d'achat sur un total de 260.000 actions ordinaires vendues au prix de 8,55 USD par action, soit le cours de clôture atteint par ses actions le 17 juin 2005.
(BW)(NY-AEROFLEX)(ARXX) Aeroflex Incorporated Announces Grant of Options to Newly-Hired Employees
PLAINVIEW, N.Y.--(BUSINESS WIRE)--June 21, 2005--Aeroflex Incorporated (Nasdaq: ARXX), a leading designer, developer and manufacturer of automated testing solutions and microelectronics for the aerospace, defense and broadband communications markets, announced today that, in connection with its acquisition of the Test and Measurement Division ("SPG") of UbiNetics Holdings Limited on May 23, 2005, it has awarded to various employees of SPG that were hired by Aeroflex options to purchase an aggregate 260,000 shares of its common stock at a price of $8.55 per share, the closing price of its common stock on June 17, 2005.
Additionally, an option to purchase 50,000 shares of common stock was awarded to Aeroflex's newly-hired Vice President of Worldwide Sales - Aeroflex Test Solutions. All of the options have an exercise price of $8.55 per share, a ten year term and become exercisable over a period of four years from the date of grant.
Aeroflex Incorporated is a global provider of high technology solutions to the aerospace, defense and broadband communications markets. The Company's diverse technologies allow it to design, develop, manufacture and market a broad range of test, measurement and microelectronic products
. The Company's common stock trades on the Nasdaq National Market System under the symbol ARXX and is included in the S&P SmallCap 600 index. Additional information concerning Aeroflex Incorporated can be found on the Company's Web site: www.aeroflex.com.
All statements other than statements of historical fact included or incorporated by reference in this press release regarding Aeroflex's financial position, business outlook, business strategy and plans and objectives of its management for future operations are forward-looking statements. When used in this press release, words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to Aeroflex or its management, identify forward-looking statements.
Such forward-looking statements are based on the current beliefs of Aeroflex's management, as well as assumptions made by and information currently available to its management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, competitive factors and pricing pressures, the integration of the businesses of both JcAir, Inc. and the Test and Measurement division of UbiNetics Holdings Ltd., changes in legal and regulatory requirements, technological change or difficulties, product development risks, commercialization difficulties and general economic conditions.
Such statements reflect our current views with respect to the future and are subject to these and other risks, uncertainties and assumptions relating to Aeroflex's financial condition, results of operations, growth strategy and liquidity.
Aeroflex does not undertake any obligation to update such forward-looking statements.
CONTACT: Aeroflex Incorporated Investor Inquiries: Michael Gorin, 516-694-6700
KEYWORD: NEW YORK INTERNATIONAL EUROPE
INDUSTRY KEYWORD: TELECOMMUNICATIONS ADVERTISING/MARKETING AEROSPACE/DEFENSE GOVERNMENT
SOURCE: Aeroflex Incorporated