IRVINE, Calif., May 31, 2011 (GLOBE NEWSWIRE) — Microsemi Corporation (Nasdaq:MSCC), a leading provider of semiconductor technology aimed at building a smart, secure, connected world, today announced that its acquisition of AML Communications, Inc. (OTCBB:AMLJ) closed on Friday, May 27, 2011.
“We are pleased to move forward with AML’s contribution to the Microsemi family,” stated James J. Peterson, Microsemi President and Chief Executive Officer. “RF components are increasingly important in today’s defense programs and Unmanned Aerial Vehicle (UAV) systems and this acquisition brings scale and complementary technology to Microsemi’s fast-growing RF component and subsystems product offering. As we execute on the integration of AML, we expect to deliver ever more advanced RF solutions to our customers, increase our sellable available market, and drive shareholder returns.”
The financial contribution from AML for Microsemi’s fiscal third quarter is uncertain at this time but will be immaterial to results.
As a reminder, in its fiscal second quarter earnings conference call, the company forecast sequential revenue growth on the order of 3%-5%, excluding the effect of any pending acquisition.
About Microsemi
Microsemi Corporation (Nasdaq:MSCC) offers the industry’s most comprehensive portfolio of semiconductor technology. Committed to solving the most critical system challenges, Microsemi’s products include high-performance, high-reliability analog and RF devices, mixed signal integrated circuits, FPGAs and customizable SoCs, and complete subsystems. Microsemi serves leading system manufacturers around the world in the defense, security, aerospace, enterprise, commercial, and industrial markets. Learn more at http://www.microsemi.com.
About AML Communications
AML Communications is a designer, manufacturer, and marketer of microelectronic assemblies for the defense industry. Its key customers include Raytheon, Lockheed Martin, Northrop Grumman, L-3 Communications, BAE, and others. The Company’s extensive range of microwave products can be found in leading defense projects. For more information, visit www.amlj.com.
