WEGENER REPORTS RESULTS FOR SECOND QUARTER OF FISCAL 2003

Strong bookings balance a break-even quarter

(March 18, 2003) - Duluth, Georgia - WEGENER Corporation (Nasdaq: WGNR) a leading provider of satellite transmission solutions for broadcast and cable television networks worldwide, today announced financial results for the second quarter of fiscal year 2003.

Second quarter fiscal 2003 revenues were $5.2 million, resulting in net earnings of $117,000, or $0.01 per share. Revenues for the second quarter of fiscal 2002 were $5.9 million, with net earnings of $256,000 or $0.02 per share. The eighteen-month backlog on February 28, 2003, stood at $13.2 million.
New orders were strong during the quarter. Second quarter orders were $6.3 million, bringing the total for the year to over $12 million.

Revenues for the first six months of fiscal 2003 were $9.2 million, with a net loss of $253,000, or $(0.02) per share compared to revenues of $11.9 million and net earnings of $388,000, or $0.03 per share for the first six months of fiscal 2002.

"We were pleased with the new order activity. With the economic difficulties currently being experienced by many technology companies, I was delighted that our team came through with over $6 million in new bookings," stated WEGENER Chairman and CEO Robert A. Placek.

WEGENER Corporation, through its subsidiary WEGENER Communications, is an international provider of digital solutions for IP data, video and audio networks. Applications include IP data delivery, broadcast television, cable television, radio networks, business television, distance education, business music, satellite paging and financial information distribution. COMPEL, WEGENER's patented network control system provides networks with unparalleled ability to regionalize programming and commercials through total receiver control. COMPEL network control capability is integrated into Wegener digital satellite receivers. WEGENER Communications can be reached at +1.770.814.4000 or on the World Wide Web at www.wegener.com.

This news release contains statements, which may be forward-looking within the meaning of applicable securities laws, including the Private Securities Litigation Reform Act of 1995. The statements may include projections regarding future sales results, expected contributions to margins and earnings and market opportunities, and are based upon the Company's current expectations and assumptions, which are subject to a number of risks and uncertainties including, but not limited to: customer acceptance and effectiveness of recently introduced UNITY digital video products, development of additional business for the Wegener digital and analog video and audio transmission product lines, effectiveness of the revitalized international sales organization, the successful development and introduction of new products in the future, delays in the conversion by private and broadcast networks to digital broadcast equipment, acceptance by various networks of standards for digital broadcasting, general market conditions which may not improve during fiscal year 2002 and beyond, and success of Wegener's research and development efforts aimed at developing new products. Discussion of these and other risks and uncertainties are provided in detail in the Company's periodic filings with the SEC, including the Form 10-K. The Company intends that such forward-looking statements are subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected or inferred results. Forward-looking statements speak only as of the date the statement was made. Wegener Corporation does not undertake and specifically disclaims any obligation to update any forward-looking statements.