Aeroflex Colorado Springs Announces an Agreement with Gaisler Research AB to License their GRLIB IP Library

COLORADO SPRINGS , CO , September 12, 2006 — Aeroflex Colorado Springs, (NASDAQ:ARXX), announced an agreement with Gaisler Research AB of Gothenburg, Sweden to license Gaisler’s GRLIB IP Library for use in Aeroflex’s future RadHard standard products.

“Aeroflex is very excited about the opportunity to incorporate Gaisler’s GRLIB IP libraries into our future RadHard standard products,” said Anthony Jordan, director-standard products. “ The GRLIB IP Library is an integrated set of reusable IP cores, designed for system-on-chip (SOC) development. The IP cores are centered around the common on-chip bus, and use a coherent method for simulation and synthesis. The library is vendor independent, with support for different CAD tools and target technologies. A unique plug and play method is used to configure and connect the IP cores without the need to modify any global resources.”

Based around the AMBA bus standard, the GRLIB IP library contains advanced high-quality cores such as the LEON LEON 3 Family of SPARC processor s, a fully pipelined double-precision IEEE-754 floating point unit, a 32-bit Master/Target PCI core with DMA and FIFOs, PC133 SDRAM controller, Spacewire Codec with RMAP support, 10/100 Mbit ethernet MAC, timers, UARTS, VGA controller, PS/2 keyboard/mouse interface, interrupt control, GPIO , AES-128 cryptography and many more .

“Aeroflex’s customers need RadHard products that incorporate high-quality cores for their RadHard processors and cPCI development boards,” continued Jordan. “Gaisler Research is a world leader in this field; the choice to center future products around their IP cores was obvious.”

Future Aeroflex products include the a 32-bit RadHard LEON3 processor with cPCI development boards.

Aeroflex Colorado Springs is a supplier of semicustom and standard VLSI circuits and custom circuit card assemblies. Aeroflex has received Qualified Manufacturer List (QML) certification for Class Q, Class T and Class V. Additionally, Aeroflex is compliant to AS9100-2000 with AS9100 2004, Rev B.

For more information on our RadHard products, call 1-800-645-8862, write Aeroflex Colorado Springs, 4350 Centennial Blvd., Colorado Springs, CO 80907, or visit our home page at www.aeroflex.com/RadHard.

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About Gaisler Research AB

Gaisler Research AB is a provider of SoC solutions for exceptionally competitive markets such as Aerospace, Military and demanding Commercial applications. The Gaisler Research's products consist of user-customizable 32-bit SPARC V8 processor cores, peripheral IP-cores and associated software and development tools. Gaisler Research solutions help companies develop highly competitive customer and application-specific SoC designs.

About Aeroflex
Aeroflex Incorporated is a global provider of high technology solutions to the aerospace, defense, cellular and broadband communication markets. The Company’s diverse technologies allow it to design, develop, manufacture and market a broad range of test, measurement and microelectronic products. The Company’s common stock trades on the Nasdaq National Market System under the symbol ARXX and is included in the S&P SmallCap 600 index. Additional information concerning Aeroflex Incorporated can be found on the Company's Web site: www.aeroflex.com.