SANTA CLARA, Calif.,
Aug. 25 /PRNewswire-FirstCall/ --
Aviat Networks, Inc. ("Aviat," Nasdaq: AVNW), a leading wireless
expert in advanced IP network migration, today announced that it
will close its Research Triangle Park Region (RTP), N.C.
facility.
The closure of the RTP facility is one of the key actions within
the Company's corporate restructuring plan to reduce annual
spending by $30 to $35 million,
announced earlier this month. Aviat Networks expects the closure to
affect the majority employees at the RTP facility over the next six
months. As part of the closure, several RTP business functions will
be relocated to the Company's other facilities during a transition
period. These relocations include the following:
- The Network Operations Center will be moving to Aviat Networks'
San Antonio facility.
- IT/Network and Applications Support will be reassigned to
Santa Clara.
- Finance operations will be consolidated and moved to
Santa Clara.
- Certain engineering functions will be moved to select
facilities in Slovenia and
New Zealand.
"The closing of the RTP facility is an extension of Aviat
Networks' restructuring plan aimed at reducing costs, streamlining
operations, and optimizing the Company's business model," said
Chuck Kissner, Chairman and CEO of
Aviat Networks. "The Board and management team continue to
move quickly and decisively to implement the key actions of our
restructuring plan. As we continue to roll out the plan, we
expect to build a solid platform to restore profitability and drive
revenue growth going forward," he concluded.
About Aviat Networks, Inc.
Aviat Networks, Inc. (Nasdaq: AVNW), previously known as Harris
Stratex Networks, Inc. is a leading wireless expert in advanced IP
network migration, building the foundation for the 4G/LTE broadband
future. We offer best-of-breed wireless transmission solutions
including LTE-ready microwave backhaul and a complete portfolio of
essential service options that enable wireless public and private
telecommunications operators to deliver advanced data, voice and
video and mobility services around the world. Aviat Networks is
agile and adaptive to anticipate what's coming to help our
customers make the right choices, and our products and services are
designed for flexible evolution, no matter what the future brings.
With global reach and local presence on the ground we work by the
side of our customers, allowing them to quickly and cost
effectively seize new market and service opportunities, while
managing migration toward an all- IP future. For more information,
please visit www.aviatnetworks.com or join the dialogue at
www.twitter.com/aviatnetworks.
Forward-Looking Statements
The information contained in this document includes
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 21E of the
Securities Exchange Act and Section 27A of the Securities Act. All
statements, trend analyses and other information contained herein
about the markets for the services and products of Aviat Networks
and trends in revenue, as well as other statements identified by
the use of forward-looking terminology, including "anticipated",
"believe", "plan", "estimate", "expect", "goal", "will", "see",
"continues", "delivering", "view", and "intend", or the negative of
these terms or other similar expressions, constitute
forward-looking statements. These forward-looking statements are
based on estimates reflecting the current beliefs of the senior
management of Aviat Networks. These forward-looking statements
involve a number of risks and uncertainties that could cause actual
results to differ materially from those suggested by the
forward-looking statements. Forward-looking statements should
therefore be considered in light of various important factors,
including those set forth in this document. Important factors that
could cause actual results to differ materially from estimates or
projections contained in the forward-looking statements include the
following:
- continued weakness in the global economy affecting customer
spending;
- continued price erosion as a result of increased competition
in the microwave transmission industry;
- the volume, timing and customer, product and geographic mix
of our product orders may have an impact on our operating
results;
- the ability to maintain projected product rollouts, product
functionality, anticipated cost reductions or market acceptance of
planned products;
- the ability to retain key personnel;
- the ability to achieve business plans for Aviat
Networks;
- the ability to manage and maintain key customer
relationships;
- uncertain economic conditions in the telecommunications
sector combined with operator and supplier consolidation which
makes it difficult to estimate growth;
- future costs or expenses related to litigation;
- the ability of our subcontractors to perform or our key
suppliers to manufacture or deliver material;
- customers may not pay for products or services in a timely
manner, or at all;
- the failure of Aviat Networks to protect its intellectual
property rights and its ability to defend itself against
intellectual property infringement claims by others;
- currency and interest rate risks;
- the impact of political, economic and geographic risks on
international sales.
For more information regarding the risks and uncertainties
for our business, see "Risk Factors" in our form 10-K filed with
the U.S. Securities and Exchange Commission ("SEC") on September 4, 2009 as well as other reports filed
by Aviat Networks, Inc., previously known as Harris Stratex
Networks, Inc., with the SEC from time to time. Aviat Networks
undertakes no obligation to update publicly any forward-looking
statement for any reason, except as required by law, even as new
information becomes available or other events occur in the
future.
SOURCE Aviat Networks, Inc.
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