Giga-tronics High Performance Filter Extended to Third Aircraft Platform

Giga-tronics High Performance Filter Extended to Third Aircraft Platform

SAN RAMON, Calif., June 2, 2014 (GLOBE NEWSWIRE) -- Giga-tronics Incorporated
announced today that it has completed a sole-source multi-year agreement with
a major aerospace company to develop a variant of its high performance fast
tuning YIG filters for a third aircraft platform. In connection with the
agreement, the Company has received orders valued at approximately $6.9
million for the non-recurring engineering and for the delivery of a limited
number of flight-qualified prototype hardware. The majority of the
non-recurring engineering services are expected to be performed over the next
twelve months. The Company is also anticipating an additional multi-year order
later this year for approximately $10.0 million associated with the production
units.

The award for developing the specialty filters based upon the Company's fast
switching YIG technology, will be fulfilled by Giga-tronics' Microsource
subsidiary co-located with the Company's instrument division in San Ramon,
California.John Regazzi, President and CEO of Giga-tronics, said "Engineers
from our components group will produce a working filter in less than 12 months
by leveraging Microsource's F/A-18 and F-15E filter know-how.We are very
proud to be chosen for this new program based upon our proven field
performance on US Navy and US Air Force fighter jets."

Giga-tronics Microsource has been supplying sole-sourced filters for a number
of years.Ernie Nyiri, Microsource's program manager, stated "The nature of
sole sourced contracts requires Microsource to maintain the highest customer
satisfaction as measured by on time delivery product quality & reliability,
and price.At the conclusion of the development phase, Microsource will be a
supplier of filter systems for all three of the US designed 4^th generation
fighters."

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.

This press release contains forward-looking statements concerning
profitability, development of products, future growth, shareholder value,
backlog and shipments.Actual results may differ significantly due to risks
and uncertainties, such as future orders, cancellations or deferrals, disputes
over performance, availability of capital and capital resources, the ability
to collect receivables and general market conditions.For further discussion,
see Giga-tronics' most recent annual report on Form 10-K for the fiscal year
ended March 30, 2013, 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."

CONTACT: Steven D. Lance
         Vice President of Finance/Chief Financial Officer
         slance@gigatronics.com
         (925) 302-1056

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