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Q1 2009 Giga-tronics Incorporated Earnings Conference Call - Final.

Fair Disclosure Wire

| July 31, 2008 | COPYRIGHT 2003 CQ Transcriptions. (Hide copyright information)Copyright

Original Source: FD (FAIR DISCLOSURE) WIRE

OPERATOR: Ladies and gentlemen, hello and welcome to the Giga-tronics Quarter One Fiscal Year 2009. As a reminder, all lines will be on listen-only mode and there will be a Q&A session at the end of the call.

(OPERATOR INSTRUCTIONS)

At this time, I'd like to turn the call over to Mr. Patrick Lawlor. Go ahead, sir.

PATRICK LAWLOR, VP FINANCE, CFO, & SECRETARY, GIGA-TRONICS INC.: Thank you, Mirna. Good afternoon. This conference call contains forward-looking statements about orders, backlogs, future financial statements, future product offerings, and other events that have not yet occurred. While Giga-tronics believes that these statements are accurate as of the time they are made, actual results could vary and may differ materially from our expressed expectation due to risks and uncertainties about the future.

These forward-looking statements can generally be identified by words believes, anticipates, estimates, expects, intends, forecast, would, should, may, could and other similar words -- and other similar -- words of similar import. Some of the factors include, among others, cancellation or deferral of orders, shortages of critical parts, timely ability to ramp manufacturing capacity to meet demand, ability to quickly adapt cost structures to changing market conditions and if current or future products will not achieve market acceptance.

To see a discussion of these factors that could cause actual results to differ from those expressed here, see our filings with the Security and Exchange Commission, including our Annual Report on Form 10-K.

Giga-tronics will not update or publicly release revisions to any forward-looking statements after the …

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