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Press Release

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7th March 2000, Lowell, MA, USA

M/A COM Completes GaAsTEK Acquisition
Strategic Purchase Strengthens M/A-COMís Product Offerings

M/A-COM, Inc. announced today that it has completed the acquisition of the GaAsTEK business unit of ITT Industries Incorporated. The GaAsTEK unit, located in Roanoke, Virginia will operate as part of M/A-COM.

"The acquisition of GaAsTEK is an important step forward for M/A-COM because it enhances our capabilities in several areas," said M/A-COM President Rick Hess. "In addition to providing the capacity of a third gallium arsenide (GaAs) fabrication facility, M/A-COM is strengthening its product capabilities and market position in both the wireless and aerospace and defense markets."

GaAsTEK has been at the forefront of Gallium Arsenide (GaAs) Integrated Circuit (IC) technology since the early 1980ís. GaAsTEKís patented and unique GaAs MMIC process, called Multifunction Self-Aligned Gate (MSAGÆ) provides excellent power amplifier performance and allows the integration of multiple circuit functions (e.g., power, low-noise, switch, and digital) onto a single MMIC.

ITT Industries, Inc. is a global engineering and manufacturing company with leading positions in the markets it serves. The company reported 1999 sales of $4.6 billion from its four segments: Connectors and Switches, Defense Products and Services, Pumps and Complementary Products, and Specialty Products. Headquartered in White Plains, New York, the company employs approximately 37,000 people around the world.

Headquartered in Lowell, MA, M/A-COM is a leading supplier of radio frequency (RF), microwave and millimeter wave semiconductors, components and IP networks to the wireless telecommunications and defense-related industries. M/A-COM's products include semiconductor devices, RF integrated circuits, passive and control devices, antennas, subsystems and systems. Employing more than 2,800 people, M/A-COM has offices and manufacturing facilities worldwide.

*MSAGÆ is a registered trademark of ITT Industries.

Further Information

Amy Ecker
Miller/Shandwick Technologies

Dave Hutcheson

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