Laird Technologies Acquires AeroComm
Acquisition Helps Grow Wireless Communication System Capabilities

January 24, 2007
St. Louis MO and Lenexa KS

Laird Technologies, the world’s leading designer and manufacturer of antenna solutions, electromagnetic interference (EMI) shielding products, telematics, signal integrity products and thermal management solutions, today announced the acquisition of AeroComm for $38 million. Profits for the year ending December 31, 2006 were $2.9 million.

AeroComm is a leading designer and manufacturer of wireless communications systems for low- to mid-volume OEM applications where high reliability communications are required. The company designs and builds complete systems based on proprietary or standard communications protocols including antennas, complete RF processing hardware, operating software and interfaces to a multitude of OEM systems. Key applications include gaming machines, industrial automation, lighting controls, heavy equipment telemetry, athletic event scoreboards, wheel alignment sensor systems, automatic utility meter readers, etc.

“We have been growing Laird Technologies since its inception by continually broadening the range of electronic components we can offer to our customers,” said Martin L. Rapp, CEO of Laird Technologies. “And this will continue. With the acquisition of AeroComm, we enter a new phase of our development, with the ability to offer complete wireless communication systems for equipment manufacturers who want their products to communicate wirelessly but don’t have the internal skills to know how.”

Dan Miller, co-founder of AeroComm, said, “AeroComm is well respected in our ability to quickly and efficiently provide custom wireless communication modules. We will now be able to grow much faster by being part of Laird Technologies, with their global reach and broad customer base.”

About Laird Technologies
Laird Technologies supplies performance critical products, co-designed in conjunction with customers, which are essential in enabling and protecting the functionality of electronic devices and wireless applications. Laird Technologies is a global market leader in the design and supply of electromagnetic interference (EMI) shielding, thermal interface products, signal integrity components, and wireless antennae solutions for all sectors of the electronics industry, including telecommunications, data transfer and information technology, as well as to the automotive, aerospace and defense, consumer electronics, medical and industrial markets.

About AeroComm
AeroComm Inc., based in Kansas, has played a major role in the RF industry for over a decade with consistent technological advances in both performance and price. Its robust proprietary technology, manufacturing and testing guarantee reliable communication, while lower frequencies and fewer parts allow for reduced prices. AeroComm's comprehensive development tools and personal engineering support help OEMs reduce R&D schedules, expenses and uncertainties while accelerating time to market.

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