Herley Industries, Inc. Engages Jefferies Quarterdeck to Explore Strategic Alternatives

Herley Industries, Inc. Engages Jefferies Quarterdeck to Explore Strategic
Alternatives

LANCASTER, Pa., Sept. 2 /PRNewswire-FirstCall/ -- Herley Industries, Inc.
(Nasdaq: HRLY), a leader in the design, development and manufacture of
microwave technology solutions for the defense, aerospace and medical
industries worldwide, announced today that it has engaged Jefferies
Quarterdeck, a division of Jefferies & Company, Inc., as its financial advisor
to assist the Company in its exploration of strategic alternatives.
Myron Levy, Chairman and CEO, said, "We are pleased to engage such experts
to assist us in our deliberations."
Investors are cautioned that there can be no assurance that the
consideration of various strategic alternatives by the Board will lead to any
action by the Company.
About Herley
Herley Industries, Inc. is a leader in the design, development and
manufacture of microwave technology solutions for the defense, aerospace and
medical industries worldwide. Based in Lancaster, PA, Herley has eight
manufacturing locations and approximately 935 employees. Additional
information about the company can be found on the Internet at
http://www.herley.com.
For information at Herley contact: Tel: (717) 735-8117
Peg Guzzetti www.herley.com
Investor Relations

Safe Harbor Statement -- Except for the historical information contained
herein, this release may contain forward-looking statements. Such statements
are inherently subject to risks and uncertainties. When used in this report,
words such as "anticipated," "believes," "could," "estimates," "expects,"
"may," "plans," "potential" and "intends" and similar expressions, as they
relate to the Company or its management, identify forward-looking statements.
Such forward-looking statements are based on the belief of the Company's
management, as well as assumptions made by and information currently available
to the Company's management. The Company's results could differ materially
based on various factors, including, but not limited to, cancellation or
deferral of customer orders, difficulties in the timely development of new
products, difficulties in manufacturing, increased competitive pressures and
general economic conditions. The Company undertakes no obligation to update
forward-looking statements as a result of future events or developments.
SOURCE Herley Industries, Inc.

Peg Guzzetti, Investor Relations of Herley Industries, Inc., +1-717-735-8117