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Astronics Purchases Key Switching Technology for Integrated Test Systems

EAST AURORA, N.Y., June 23, 2016  – Astronics Corporation (NASDAQ: ATRO), a leading supplier of products to the global aerospace, defense, and semiconductor industries, announced today that its wholly-owned subsidiary, Astronics Test Systems ("ATS"), has purchased the ASCOR ATE Signal Switching product line from Giga-tronics Incorporated (NASDAQ: GIGA).  The ASCOR ATE Signal Switching line provides key switching technology to form a new core architecture in Astronics integrated test systems for military and aerospace industries. 

“The addition of the ASCOR product line is a win for our customers as it provides Astronics with another valuable switching option that will satisfy legacy as well as future requirements for our integrated test solutions” said Steve Fairbanks, Sr. Director of Products for Astronics Test Systems. “We are looking forward to incorporating LXI, PXI, RF, and other aspects of this technology in a holistic approach to building custom testing solutions for our customers.”

Specifically, the ASCOR ATE Signal Switching line includes:

Customers may begin purchasing ASCOR switching modules from Astronics Test Systems immediately.  

 

ABOUT ASTRONICS CORPORATION
Astronics Corporation (NASDAQ: ATRO) is a leading supplier of products to the global aerospace, defense, electronics and semiconductor industries.  Astronics’ products and services include advanced, high-performance electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification and automated test systems.  Astronics’ strategy is to increase its value by developing technologies and capabilities either internally or through acquisition, and using those capabilities to provide innovative solutions to its targeted markets and other markets where its technology can be beneficial.  Through its wholly-owned subsidiaries, Astronics has a reputation for high-quality designs, exceptional responsiveness, strong brand recognition and best-in-class manufacturing practices.  The Company routinely posts news and other important information on its website at www.astronics.com.  

For more information on Astronics and its products, visit its website at www.Astronics.com

 

Safe Harbor Statement
This news release contains forward-looking statements as defined by the Securities Exchange Act of 1934.  One can identify these forward-looking statements by the use of the words “expect,” “anticipate,” “plan,” “may,” “will,” “estimate” or other similar expressions.  Because such statements apply to future events, they are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated by these statements.  Important factors that could cause actual results to differ materially include the state of the aerospace and defense industries, the market and customer acceptance of newly developed products, internal production capabilities, the timing of orders received, the status of customer certification processes, the demand for and market acceptance of new or existing aircraft which contain the Company’s products, customer preferences, and other factors which are described in filings by Astronics with the Securities and Exchange Commission. The Company assumes no obligation to update forward-looking information in this news release whether to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results, financial conditions or prospects, or otherwise.

   

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For more information contact:

 

Astronics Test Systems:

Astronics Test Systems Media Contact:

Steve Fairbanks, Director of Products

Michelle Manson, Sr. Manager of Marketing/Comm.

Phone: (407) 381-6062

Phone: (949) 241-2172

Email: steve.fairbanks@astronics.com

Email: ATSpress@astronics.com