Cpi International, Inc. – ‘8-K’ for 10/11/04 – EX-99.1

On:  Tuesday, 10/12/04, at 4:19pm ET   ·   For:  10/11/04   ·   Accession #:  950134-4-14888   ·   File #:  333-113867-04

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     16K 
 2: EX-99.1     Miscellaneous Exhibit                                  2      8K 

EX-99.1   —   Miscellaneous Exhibit

EX-99.1
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                                                                    EXHIBIT 99.1

October 11, 2004                                                                

Contacts: Joel Littman                                                          
Communications & Power Industries, Inc.                     
650-846-3096                                                

 COMMUNICATIONS & POWER INDUSTRIES COMPLETES ACQUISITION OF ECONCO

PALO ALTO, CA, AND WOODLAND, CA; OCTOBER 11, 2004 - Communications & Power      
Industries, Inc. (CPI) today announced that it has completed its previously     
announced acquisition of ECONCO Broadcast Service, Inc.                         

ECONCO is the world's leading provider of rebuilding services for vacuum        
electron devices (VEDs), allowing broadcasters and other users of these critical
products to extend the life of their devices, at a cost that is lower than      
buying a complete new VED. ECONCO was established in 1968, and in the           
intervening 37 years has developed methods for rebuilding a vast array of VEDs  
manufactured by most of the leading VED OEMs. ECONCO serves over 10,000         
customers from all corners of the globe.                                        

CPI is the nation's leading provider of vacuum electron devices (VEDs),         
satellite communications amplifiers, medical imaging generators, and other      
related equipment for defense and commercial applications. Since the founding of
its predecessor company (Varian) in the 1940s, CPI has established its          
leadership position in VEDs, providing products and technology critical to      
state-of-the-art defense, medical, communications, industrial and scientific    
applications.                                                                   

Headquartered in Palo Alto, CA, CPI's operations fall within five divisions:    
Microwave Power Products, Satcom, Communications & Medical Products, EIMAC, and 
Beverly Microwave Products. CPI maintains manufacturing facilities in the east  
and west coasts of the United States, as well as Canada, and has a worldwide    
sales, marketing and service network.                                           

Communications & Power Industries, Inc. is a world leader in the development,   
manufacture and distribution of products for systems used to generate, amplify  
and                                                                             

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transmit high-power/ high-frequency microwave and radio frequency signals.      
End-use applications of these systems include the transmission of radar signals 
for navigation and location; transmission of false signals for electronic       
countermeasures; and transmission and amplification of voice, data and video    
signals for terrestrial and satellite broadcasting, internet and                
telecommunications. CPI's products are also used in cancer therapy, medical     
imaging, industrial processes, and high energy accelerators for scientific      
research.                                                                       

The Cypress Group L.L.C., along with senior management, acquired CPI in January 
2004, with a stated interest in stimulating internally generated growth, as well
as growth through carefully chosen acquisitions. ECONCO is the first such       
acquisition. This acquisition was funded from internally generated funds, and   
did not require an increase or drawdown of any of CPI's borrowing facilities.   

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of   
1995: Statements in this press release regarding CPI's business which are not   
historical facts are "forward-looking statements" that involve risks and        
uncertainties. For a discussion of such risks and uncertainties, which could    
cause actual results to differ from those contained in the forward-looking      
statements, see "Risk Factors" in our Form 10-K for the most recently ended     
fiscal year.                                                                    

Dates Referenced Herein

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
Filed on:		10/12/04							None on these Dates
For Period End:		10/11/04		1
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