Giga-tronics Receives $1.5 Million Order for Upgrade Kits; Announces Completion of $550,000 Private Placement
GIGA-TRONICS INC (GIGA)
US:NASDAQ Investor Relations:
investor.gigatronics.com
Company Research
Source: GlobeNewswire
DUBLIN, Calif., March 23, 2020 (GLOBE NEWSWIRE) -- Giga-tronics Incorporated (OTCQB: GIGA) (the “Company”) today announced that it has received a $1.5 million order to provide mission critical upgrade kits to existing fielded Radar Threat Generation Systems. The kits are necessary for the operational testing of advanced electronic warfare weapons systems. These new upgrade kits greatly enhance the capability and threat coverage of the currently fielded Coherent Streaming RF Playback System in terms of Instantaneous Bandwidth (IBW), Dynamic Range, Signal to Noise Ratio (SNR), and Spectral Purity while maintaining or improving performance against very tight tolerances on Channel to Channel Timing Synchronicity, Phase Alignment and Coherence. Armand Pantalone, Chief Technology Officer of the Company, commented “The performance and added capability afforded by our upgrade kit to this existing test system is truly state-of-the art; down to every single technical requirement i
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