California Microwave Sells Air Traffic Control Radio Unit to Harris Corporation

Business Wire, Nov 26, 1996

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Nov. 26, 1996--California Microwave Inc. (NASDAQ:CMIC) announced today that it had sold its Digital Radio Technology, Inc. (DRT) unit to Harris Corporation of Melbourne, Fla. and Rochester, N.Y.

Terms of the sale of the development-stage company were not disclosed.

Rochester-based DRT was founded in 1994 to pursue opportunities in air-to-ground communications systems using digital radios. California Microwave began funding DRT in 1995 and purchased a majority interest in the company that same year.

Focus on Core Business

According to Philip F. Otto, California Microwave's chairman and chief executive officer: "While DRT participates in an interesting area of the wireless communications market, we determined that its business was not a good fit with our strategic plans. The divestiture of DRT will allow California Microwave to focus more fully on its core businesses."

California Microwave Inc. is a leader in satellite and wireless communications. It is the number one U.S. supplier of telecommunications satellite earth stations and microwave radios used in wireless communications. The Company operates facilities in seven states and sells into more than 110 countries.

CONTACT: California Microwave Inc.

Stephanie M. Day, 415/596-6629

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Investor Information Line: 888/225-6789 (toll free)

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William Dunk Partners Inc.

Deborah Passik, 919/929-4100