Colorado Springs, Colorado, July 14, 2008 — Aeroflex Incorporated today announced the acquisition of Gaisler Research AB, a privately held company, located in Gothenburg, Sweden.

Gaisler is a world leader in the development and support of IP cores and development tools for commercial and aerospace embedded processors based on the SPARC architecture. Gaisler’s flagship product is the LEON synthesizable processor which includes a full development environment and a library of IP support cores (GRLIB). The LEON processor architecture is an established solution for commercial and aerospace markets providing the designer with a flexible design environment for customization to individual requirements. Established in 2001, the Gaisler core design team is positioned as the pre-eminent processor design team for European markets with complete in-house design facilities for microprocessor, ASIC and field programmable gate array-based designs. With over 40 years of combined staff design experience, Gaisler has been involved in establishing past and current European standards for processor and ASIC development.

John Buyko, President, Aeroflex Microelectronic Solutions said, “Aeroflex is pleased that Gaisler Research is joining our team. This strategic acquisition provides Aeroflex with immediate improvement and synergy in our IP, software, and microprocessor design expertise, product solutions and technology roadmaps. The Gaisler portfolio will provide significant complimentary enhancements to our existing portfolio and further solidifies Aeroflex’s position as a leading supplier to our customers.”

About Aeroflex

Aeroflex Incorporated is a global provider of high technology solutions to the aerospace, defense and broadband communications markets. The Company’s diverse technologies allow it to design, develop, manufacture and market a broad range of test, measurement and microelectronic products. Additional information concerning Aeroflex Incorporated can be found on the Company’s website: www.aeroflex.com.