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DUBLIN, Calif., July 09, 2018 (GLOBE NEWSWIRE) -- Giga-tronics Incorporated (the “Company”) announced today the appointment of Timothy Ursprung to the position of Vice President Sales and Marketing. Mr. Ursprung most recently worked at Rodelco Electronics Company as the head of sales in the RF/Microwave Integrated Microwave Assembly marketspace promoting highly complex solutions for Electronic Warfare and Radar applications. Prior to Rodelco, Mr. Ursprung was owner of a manufacturer’s representative firm for eight years, EOX Sales LLC, covering the Mid-Atlantic and Southeast regions of the United States. In addition, Mr. Ursprung was Vice President Sales & Marketing for Aeroflex Test Solutions for ten years in charge of all such related activities in the Americas. Tim is a 1982 graduate of Clarkson University in Potsdam NY with a degree in Engineering and Management.
Mr. Ursprung will be in charge of all activities related to new business development. Tim will also be supporting the Chief Technology Officer to identify suppliers of key technologies which will be integrated with the Company’s Advanced Signal Generation and Analysis hardware to provide complete Electronic Warfare and Radar simulation solutions. Giga-tronics will also be looking to grow its Microsource Business by repackaging its Microwave Integrated Circuits within its Advanced Signal Generation and Analysis hardware that can be used in Radar and Electronic Warfare systems in harsh environments.
Giga-tronics Executive Vice President Dr. Lutz Henckels said “The Company has recently restructured and re-focused its sales team towards providing complete custom RADAR/EW test solutions. Mr. Ursprung’s extensive background and experience in the RADAR/EW industries is expected to significantly impact both the Company’s Microwave Integrated Circuit business and Radar/EW test solution business.”
Giga-tronics is a publicly held company, traded on the OTCQB Capital Market under the symbol "GIGA". Giga-tronics produces YIG (Yttrium, Iron, Garnet) tuned oscillators, RADAR filters, and microwave synthesizers for use in military defense applications as well as sophisticated test and measurement equipment primarily used in electronic warfare test & emulation applications.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release, other than statements of historical facts, are forward-looking statements. Generally, forward- looking statements and information can be identified by the use of forward-looking terminology such as “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should", “would” or occur. Forward-looking statements include, for example, those concerning future operating results, future orders, and future revenue, shippable backlog within a year, long term growth and margin, expected shipments, and the development of new products. Forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include delays in customer orders; our ability to successful develop and integrate new products; receipt or timing of future orders for other products, cancellations or deferrals of existing or future orders; our need for additional financing; results of pending or threatened litigation; uncertainty as to the Company’s ability to continue as a going concern, the Company’s ability to successfully implement its business plan, the Company’s need to modify its business plan as a result of these or other risks; the volatility in the market price of our common stock; and general market conditions. You should not place undue reliance on any forward-looking statements, which are made as of the date of this press release. The Company undertakes no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements. For further discussion, see the Company’s most recent annual report on Form 10-K for the fiscal year ended March 31, 2018 Part I, under the heading "Risk Factors" and Part II, under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations" and those in other public files the Company may make with the SEC.
Contact: Lutz Henckels
Executive Vice President