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MITEC AWARDED $1 MILLION CANADIAN NAVY CONTRACT

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  Published in Science and Technology on Tuesday, November 30th 2010 at 11:16 GMT by Market Wire
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MONTREAL, Nov. 30 /CNW Telbec/ - Mitec Telecom Inc. ("Mitec") (TSX: MTM), a leading designer and manufacturer of mobile wireless, fixed wireless, broadcast and satellite components, announced today it has been awarded a Canadian military contract valued at approximately one million dollars to provide components for various radar systems.

"This particular contract is a good example of Mitec focusing on niche opportunities relating to our various divisions, which generally produce higher gross margins", commented Dan Piergentili, Mitec's President and CEO.

"In this case, since Mitec was the original equipment supplier for these systems approximately fifteen years ago, we were the natural choice relating to the latest program underway. We continue to work with our customer base to generate additional opportunities similar to this one."

Project management, qualification testing and production will take place at Mitec's facility in Pointe-Claire, Quebec and revenues are expected to begin in the fourth quarter of Mitec's fiscal year, 2011. The project is expected to be completed by the second quarter of Mitec's fiscal year 2012.

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 ].

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. 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.