SAN RAMON, Calif., March 29, 2011 (GLOBE NEWSWIRE) — Microsource, Inc., a Giga-tronics Company (Nasdaq:GIGA), today announced that it has received a 2010 Boeing Performance Excellence Award. The Boeing Company issues the award annually to recognize suppliers who have achieved superior performance.
Microsource maintained a composite Gold performance rating for each month of the 12-month performance period, from Oct. 1, 2009, to Sept. 30, 2010. This year, Boeing recognized 558 suppliers that achieved either a Gold or Silver level Boeing Performance Excellence Award. Microsource is one of only 141 suppliers to receive the Gold-level recognition.
John Regazzi, CEO of Giga-tronics, stated, “We are honored to have earned the Gold Supplier status from Boeing for our part in supporting the F/A-18 and F-15 aircraft. Our Microsource division personnel have worked to assure the unique synthesized YIG tuned filters we deliver are of the highest quality and reliability for these important programs.”
Microsource, Inc., a wholly-owned subsidiary of Giga-tronics Incorporated, has been supplying YIG-based oscillators, filters and synthesizers to numerous aerospace, defense and commercial applications for 30 years.
Giga-tronics is a publicly held company, traded on the NASDAQ Capital Market under the symbol “GIGA”.�Giga-tronics produces instruments, subsystems and sophisticated microwave components that have broad applications in defense electronics, aeronautics and wireless telecommunications.
The Giga-tronics Incorporated logo is available at http://ping.fm/PN6lE
This press release contains forward-looking statements concerning profitability, backlog and shipments.�Actual results may differ significantly due to risks and uncertainties, such as future orders, cancellations or deferrals, disputes over performance, the ability to collect receivables and general market conditions.�For further discussion, see Giga-tronics’ most recent annual report on Form 10-K for the fiscal year ended March 27, 2010, Part I, under the heading “Certain Factors Which May Adversely Affect Future Operations or an Investment in Giga-tronics” and Part II, under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations”.
CONTACT: Pat Lawlor
Vice President, Finance/Chief Financial Officer
(925) 328-4656
http://bit.ly/gLyASw
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