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Herley Industries, Inc. Engages Jefferies Quarterdeck to Explore Strategic Alternatives
Date:9/2/2008

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 http://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 ex
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SOURCE Herley Industries, Inc.
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