Radyne Awarded $1 Million Contract From Asian Defense Agency For New DMD-50 High Speed Satellite Modem

Radyne Corporation (Nasdaq:RADN) announced today that it has received an order for $1 million of its new DMD-50 high speed satellite modem from an Asian defense agency. The DMD-50 is one of Radyne’s new generation of modems that addresses the need for cost-effective, high-speed communications supporting up to 50 Mbps.

“We are excited to see this new product gain such quick market acceptance,” said Myron Wagner, Radyne’s CEO. “We believe that our continuing effort to invest in developing products that address specific customer needs will result in new market opportunities for our satellite electronics business.”