Lancaster, PA September 29, 2004. Herley Industries, Inc. (Nasdaq:HRLY) announced today that it has completed the acquisition of certain assets of Reliable System Services ("RSS"). The entity will operate as Herley-RSS, a Delaware corporation and a subsidiary of Herley.
John M. Kelley, Herley President, said, "We have successfully completed the transaction and look forward to using our shared strengths to benefit our customers worldwide. Herley?RSS is already involved in a number of projects and is providing valuable technical input and systems integration expertise to its sister operations."
Kelley continued, "Additionally, the combination of the satellite communication capabilities of Herley-RSS and Herley-Lancaster's command & control expertise is expected to open new domestic and international opportunities."
Herley Industries, Inc. is a leader in the design, development and manufacture of microwave technology solutions for the defense, aerospace and medical industries worldwide. Based in Lancaster, PA, Herley has seven locations and approximately 800 employees worldwide. Additional information about the company can be found on the Internet at www.herley.com
For information at Herley contact: Tel: (717) 735-8117
Peg Guzzetti, Investor Relations www.herley.com