California Amplifier to Change Name to CalAmp Corp.
August 04 2004 - 9:30AM
PR Newswire (US)
California Amplifier to Change Name to CalAmp Corp. Corporate
Identity Reflects New Strategic Direction OXNARD, Calif., Aug. 4
/PRNewswire-FirstCall/ -- As part of redefining its strategic
focus, California Amplifier, Inc. (NASDAQ:CAMP) today announced the
Company is changing its corporate name to CalAmp Corp. Its recently
acquired subsidiary, Vytek, will also operate under the CalAmp
name. "The new CalAmp corporate identity reflects our progress in
redefining our Company as we expand into new markets and build our
foundation for future growth," said Fred Sturm, President and Chief
Executive Officer of CalAmp. "The recent acquisition of Vytek
presents an ideal opportunity to introduce a new identity which
leverages the value and recognition we have achieved through our
history, while better reflecting our mission of assisting customers
in achieving the benefits of breakthrough and emerging
technologies." CalAmp now offers a comprehensive suite of
capabilities ranging from initial product conceptualization to user
interface design and embedded computing, technology consulting,
software development, and cost-effective, large-scale production of
electronic devices and equipment. The Company offers integrated
solutions for digital multimedia delivery, residential broadband
data delivery, healthcare, retailing applications, public safety
markets and wireless enterprise connectivity. CalAmp will continue
to use the same Nasdaq ticker symbol (NASDAQ:CAMP). The Company's
common stock will trade under the new CalAmp name beginning August
4, 2004. For more information about the new corporate brand
identity, please visit http://www.calamp.com/. About CalAmp Corp.
CalAmp is a leading provider of breakthrough wireless and content
delivery solutions, services and products. With comprehensive
capabilities ranging from product inception through production,
CalAmp is a trusted partner delivering cost-effective high quality
solutions to a broad array of customers and markets. CalAmp is one
of the largest suppliers of direct broadcast satellite (DBS)
equipment to the U.S. market and offers solutions for digital
multimedia delivery, residential broadband data delivery, health
care, retailing applications, public safety markets and wireless
enterprise connectivity. The company is headquartered in Oxnard,
California and has approximately 600 employees. Founded in 1981,
CalAmp has been publicly traded since 1983 as Nasdaq: CAMP. Forward
Looking Statements Statements in this press release that are not
historical in nature are forward-looking statements, which involve
known and unknown risks and uncertainties. Words such as "may,"
"will," "expects," "intends," "plans," "believes," "seeks,"
"could," "estimate" and variations of these words and similar
expressions are intended to identify forward-looking statements.
Actual results could differ materially from those implied by such
forward-looking statements due to a variety of factors, including,
general and industry economic conditions, competition, development
factors, operating costs, the Company's ability to integrate the
Vytek acquisition successfully and other risks and uncertainties
that are detailed from time to time in the Company's filings with
the Securities and Exchange Commission. Although the Company
believes the expectations reflected in such forward-looking
statements are based upon reasonable assumptions, it can give no
assurance that its expectations will be attained. The Company
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. Investor Contact: Media Contact: Crocker Coulson Lee
Douglass Partner, CCG IR CalAmp Marketing (818) 789-0100
858.554.1400 DATASOURCE: CalAmp Corp. CONTACT: investors, Crocker
Coulson, Partner, CCG IR, +1-818-789-0100, , for CalAmp Corp.; or
media, Lee Douglass of CalAmp Marketing, +1-858-554-1400, Web site:
http://www.calamp.com/
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