LANCASTER, Pa., Jan. 12 /PRNewswire-FirstCall/ -- Herley Industries, Inc. (Nasdaq: HRLY) announced today that Michael N. Pocalyko has been elected to its Board of Directors.

Mr. Pocalyko was elected as a Class II director to serve until the 2011 Annual Meeting of Stockholders. In connection with his election, the Board of Directors determined that Mr. Pocalyko is an independent director under NASDAQ's listing rules and also satisfies the enhanced independence requirements for service on the Company's Audit Committee. Mr. Pocalyko also qualifies as a "financial expert" under NASDAQ's listing rules and applicable regulations of the Securities and Exchange Commission and was appointed to serve on the Company's Audit Committee.

Mr. Pocalyko is managing director and chief executive officer of Monticello Capital in Chantilly, Virginia, an investment bank and private equity firm that specializes in technology companies and mergers and acquisitions, operating internationally in eleven countries. He has extensive experience as an expert financial advisor, corporate director, and principal in high-growth multinational corporations in the advanced technology manufacturing, engineering services, defense and aerospace, and biomedical industries. He currently chairs the board of TherimuneX Pharmaceuticals, Inc. in Doylestown, Pennsylvania and previously chaired Advanced Environmental Resources, Inc. in Reston, Virginia and Erdevel Europa S.a r.l. in Luxembourg and Saudi Arabia. He also represented two governors of Virginia on the Commonwealth Competition Council. Prior to his career as a financier Mr. Pocalyko was a Navy commander and served in the Office of the Secretary of Defense and on the staff of the Secretary of the Navy. He is a Beirut veteran and was a decorated Navy pilot. Mr. Pocalyko earned his bachelor's degree at Muhlenberg College, his Master in Public Administration degree at the Harvard Kennedy School, and his Master of Business Administration degree at the Wharton School of the University of Pennsylvania. He holds the Certificate of Director Education (CDE) from the National Association of Corporate Directors and has graduated from corporate director executive education programs at Wharton and the University of Chicago

John Thonet, Chairman of the Board, commented on Mr. Pocalyko's election: "Mr. Pocalyko is a distinguished financial executive and top mergers and acquisitions advisor for technology companies. This background, together with his years of experience in the engineering and defense sectors in which Herley Industries operates, and his proven record as a corporate director, will add depth and dimension to Herley's Board."

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 seven manufacturing locations and approximately 1000 employees. Additional information about the company can be found on the Internet at www.herley.com


    For information at Herley contact:
    Tel: (717) 397-2777
    Peg Guzzetti
    Investor Relations

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SOURCE Herley Industries, Inc.