San Ramon, CA. - March 29, 2011 - Microsource, Inc., a Giga-tronics Company (Nasdaq: GIGA), today announced that it has received a 2010 Boeing Performance Excellence Award. The Boeing Company issues the award annually to recognize suppliers who have achieved superior performance.
Microsource maintained a composite Gold performance rating for each month of the 12-month performance period, from Oct. 1, 2009, to Sept. 30, 2010. This year, Boeing recognized 558 suppliers that achieved either a Gold or Silver level Boeing Performance Excellence Award. Microsource is one of only 141 suppliers to receive the Gold-level recognition.
John Regazzi, CEO of Giga-tronics, stated, "We are honored to have earned the Gold Supplier status from Boeing for our part in supporting the F/A-18 and F-15 aircraft. Our Microsource division personnel have worked to assure the unique synthesized YIG tuned filters we deliver are of the highest quality and reliability for these important programs."
Microsource, Inc., a wholly-owned subsidiary of Giga-tronics Incorporated, has been supplying YIG-based oscillators, filters and synthesizers to numerous aerospace, defense and commercial applications for 30 years.
Giga-tronics is a publicly held company, traded on the NASDAQ Capital Market under the symbol "GIGA". Giga-tronics produces instruments, subsystems and sophisticated microwave components that have broad applications in defense electronics, aeronautics and wireless telecommunications.
Contact: Pat Lawlor, Vice President, Finance/Chief Financial Officer