Stevens President, Dr. Harold J. Raveche, elected to board of directors at Merrimac Industries, Inc.

Merrimac Industries, Inc., a leader in the design and manufacture of RF Microwave components, assemblies and Micro-Multifunction (MMFM®) Modules, announced June 7, 2001, the election of Dr. Harold J. Raveche, president of Stevens Institute of Technology, to its board of directors.

As president of Stevens, Dr. Raveche has worked regularly with leaders of industry and government to better the research opportunities for the university and the many communities it serves. During his presidency, Stevens has obtained the largest research contracts in its history.

As an internationally recognized technology expert, Dr. Raveche is a frequent speaker, guest columnist and broadcast commentator on education and technology throughout the world. He and his faculty often work closely with major telecommunications industry leaders and corporations in providing strategic technical guidance and direction.

Mason N. Carter, Chairman and CEO of Merrimac stated, "Dr. Raveche is a rather unique individual combining technological innovation with astute business acumen. He leads Stevens Institute of Technology in its strategic direction called Technogenesis®, which is the educational frontier wherein faculty, students and colleagues in business and industry jointly nurture technology, from conception and design to marketplace realization. His contribution to the board will be extremely valuable as we grow and expand our commercial, satcom and defense business and continue our quest to identify and to develop further enabling technologies."

Carter further stated, "It is with pleasure that we welcome Hal to our board and we look forward to his insights and guidance.

"His appointment adds to a board of directors that provides our company with broad expertise and commitment to Merrimac shareholders."

About Merrimac

Merrimac Industries, Inc. is a leader in the design and manufacture of RF Microwave components, assemblies and Micro-Multifunction (MMFM) Modules serving the wireless telecommunications industry worldwide with enabling technologies for commercial applications. Merrimac is focused on providing Total Integrated Packaging SolutionsT with Multi-Mix® Microtechnology, a leading edge competency providing value to their customers through miniaturization and integration. The Multi-Mix process for microwave, multilayer integrated MMFM circuits is a patented method developed by Merrimac Industries based on fluoropolymer composite substrates. The fusion bonding of multilayer structures provides a homogeneous dielectric medium for superior electrical performance at microwave frequencies. The bonded layers may incorporate embedded semiconductor devices, MMICs, etched resistors, passive circuit elements and plated-through via holes to form a three-dimensional subsystem enclosure that requires no further packaging. Merrimac Industries facilities are registered under ISO 9000, an internationally developed set of quality criteria for manufacturing operations.

Merrimac Industries, Inc. and its subsidiary Filtran Microcircuits Inc. have approximately 230 co-workers, dedicated to the design and manufacture of signal processing components, gold plating of high frequency microstrip, bonded stripline, and thick metal-backed Teflon (PTFE) micro-circuitry and subsystems providing Total Integrated Packaging Solutions wireless applications. Merrimac's facilities are located in West Caldwell, NJ, San Jose, Costa Rica and Ottawa, Ontario, Canada. Merrimac (MRM) is listed on the American Stock Exchange. Multi-Mix, MMFM and Total Integrated Packaging Solutions are trademarks of Merrimac Industries, Inc. For more information about Merrimac Industries, visit its home page at http://www.merrimacind.com

About Stevens Institute of Technology

Founded in 1870, Stevens Institute of Technology is one of the leading technological universities in the world dedicated to learning and research. Through its broad-based curricula, nurturing of creative inventiveness, and cross disciplinary research, the Institute is at the forefront of global challenges in engineering, science, and technology management. Partnerships and collaboration between, and among, business, industry, government and other universities contribute to the enriched environment of the Institute. A new model for technology commercialization in academe, known as Technogenesis®, involves external partners in launching business enterprises to create broad opportunities and shared value.

Stevens offers baccalaureates, master’s and doctoral degrees in engineering, science, computer science and management, in addition to a baccalaureate degree in the humanities and liberal arts, and in business and technology. The university has a total enrollment of 2,150 undergraduate and 3,500 graduate students, with about 250 full-time faculty. Stevens’ graduate programs have attracted international participation from China, India, Southeast Asia, Europe and Latin America. Additional information may be obtained from its web page at www.stevens.edu.  

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