AML Communications To Acquire Controlling Interest In Mica-Tech

Camarillo, CA -- AML Communications, Inc. announced that it entered into a letter of intent to acquire a controlling position in Mica-Tech, Inc. in a cash-for-stock transaction. Under the terms of the agreement AML will purchase 51% of Mica-Tech's outstanding stock for $800,000. The acquisition is subject to negotiation of a definitive agreement.

Mica-Tech is a privately held corporation that designs, manufactures, and markets an intelligent satellite communication system that provides Supervisory Control And Data Acquisition (SCADA) of the electric power grid. Mica-Tech has successfully deployed its products with a leading utility company. Penetration into the country-wide utility companies market is in initial phases.

AML Communications is a designer, manufacturer and marketer of amplifiers and integrated assemblies that address the Defense Microwave markets.

SOURCE: AML Communications, Inc.