Aeroflex Incorporated announces fiber optic module order valued at more than $5.7 million

Aeroflex Incorporated, (Nasdaq Symbol: ARXX), a designer, developer and manufacturer of microelectronics and automated testing solutions for the broadband communications market, announced that its Microelectronic Solutions Division has been awarded a development and initial pre-production order totaling more than $5.7 million for next generation pure photonic network systems. The order is for the development, implementation and manufacture of two photonic modules utilizing Indium Phosphide (INP) technology. Deliveries are anticipated to commence in the December 2001 quarter and are expected to be completed in calendar year 2003.

John Buyko, president of Aeroflex Microelectronic Solutions, commented, "These all-optical modules will be designed to provide regeneration, reshaping and retiming in optical domain without costly electronic conversion. One of the modules is intended to support both Return to Zero (RZ) or Non-Return to Zero (NRZ) data patterns with up to 50 Gb/s transmissions. These modules are expected to replace traditional optical to electrical to optical (OEO) conversions."

About Aeroflex:

Aeroflex Incorporated, through its subsidiaries, designs, develops and manufactures microelectronic module, integrated circuit, interconnect and testing solutions used in broadband communication applications. For more information, visit www.aeroflex.com.