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Mitec receives three new orders

^{Published on 2009-08-27 13:12:16, Last Modified on 2009-08-27 13:12:17 - Market Wire}
 

 MONTREAL, Aug. 27 /CNW Telbec/ - Mitec Telecom Inc. ("Mitec") (TSX: MTM), a leading designer and manufacturer of mobile wireless, fixed wireless, broadcast and satellite components has received three new orders, indicating that a rebound in the market for communications equipment market may be underway. "We received two new orders from a customer in Africa for equipment from our recently launched VSAT MTX Block Upconverter line which enables cellular network expansion. We also received an order for a large earth station switching network that will be used in a satellite uplink expansion program taking place in Asia," said Robert Mitchell, Vice President, Global Marketing and Sales. "The VSAT order signals the resumption of a multi-phase program. When the global recession began, momentum on this project slowed down but, it now seems to be back on track. The switching network order represents new business from a customer that had previously favored one of our competitors. This win is another indication that our product line is well-positioned from a geographic perspective, for major infrastructure programs taking place around the globe." Since the recession began, Mitec's satellite communications product line has been gaining traction with new and existing customers. It includes components for both new satellite networks and enhancement of cellular coverage, as a backhaul solution, in existing networks. The Corporation's decision to diversify its product line paid off when the recession hit and customers began looking for ways to leverage their existing equipment. Please note: Due to confidentiality provisions, Mitec is generally not able to disclose the names of its major customers or the financial data related to sales transactions. About Mitec Telecom Inc. Mitec is a leading designer and provider of radio frequency (RF) products for the telecommunications and satellite communications industries, as well as a variety of other sectors. Mitec sells its products worldwide to network providers for incorporation into high-performing wireless networks used in voice and data/internet communications. Headquartered in Montreal, Canada, Mitec also operates facilities in California and China. Mitec is listed on the Toronto Stock Exchange under the symbol MTM. On-line information about Mitec is available at [ www.mitectelecom.com ]. Certain statements in this release, including statements regarding future results and performance, are forward-looking statements based on current expectations. The accuracy of such statements is subject to a number of risks, uncertainties and assumptions that may cause actual results to differ materially from those projected, including, but not limited to, the effect of general economic conditions, decreases in demand for Mitec's products, fluctuations in selling prices and adverse changes in general market and industry conditions and other factors listed in Mitec's public filings with the appropriate securities regulatory authorities. 

For further information: Mr. Jeffrey Mandel, Director, Investor and Corporate Relations, (514) 694-9000, [ jeffrey.mandel@mitectelecom.com ]; Source: Mitec Telecom Inc.