AML Communications to Acquire Microwave Power, Inc.

Camarillo, CA -- AML Communications, Inc. announced today that it entered into a letter of intent for the acquisition of Microwave Power, Inc. (MPI) in a stock-for-stock transaction. This acquisition is subject to certain conditions and negotiation of a definitive agreement.

AML will issue approximately 2.1 million shares in exchange for all of the outstanding capital stock of MPI. MPI is a privately held corporation that designs, manufactures, and markets high power microwave amplifiers. The acquisition is a strategic fit for AML as MPI's product line is complementary and advances AML's capabilities as an industry leader.

Jacob Inbar, president and CEO of AML, commented on the acquisition: "MPI's proprietary technology, developed by its founders, Dr. Marina Bujatti and Dr. Franco Sechi, will enable AML to offer a whole range of new products. In addition, MPI brings a history of profitability and a strong balance sheet. We are excited and welcome Dr. Bujatti and Dr. Sechi to our team."

Marina Bujatti and Franco Sechi also commented on the acquisition: "We are very happy to join AML, creating a technically diverse amplifier company ready to penetrate new markets."

Source: AML Communications