Somera Expands Repair Capabilities in South America
May 11 2005 - 1:27PM
PR Newswire (US)
Somera Expands Repair Capabilities in South America DALLAS, May 11
/PRNewswire-FirstCall/ -- Somera Communications (NASDAQ:SMRA), a
global provider of telecommunications asset management services,
announced the expansion of its repair capabilities in South
America. The company's operation will be located in Argentina and
will support telecommunications service providers in the Southern
Cone region. "For years, Somera has been helping service providers
in South America extend the life of their legacy networks at the
lowest cost and greatest return," said David W. Heard, President
and CEO of Somera. "Our customers continue to struggle to find ways
to save money and are interested in alternative sources for repair
services. We have found that manufacturers are increasingly focused
on the development and deployment of new technologies and are
dedicating fewer resources to support mature networks. Yet, service
providers still have a significant customer base being supported on
legacy systems. With Somera RepairPLUS, we can repair mature
technologies for customers that simply cannot afford to wait for a
replacement part to keep their networks up-and-running." Added
Adrian Tylim, Director of Latin America Sales for Somera, "Our
in-region presence should enable us to provide the rapid turnaround
times and cost savings necessary to grow the market opportunities
in the Southern Cone. To execute our repair strategy, we are
partnering with an agent that has established relationships with
key service providers in that region and existing capabilities that
we can build upon." The Somera RepairPLUS program offers
multi-vendor, one-stop shop solutions that can deliver turnaround
times that are typically two to five times faster than traditional
manufacturer repair services at average per incident price savings
of 35%. The company's capabilities provide service providers with
cost effective in-region repair for legacy equipment in key product
areas including CDMA, TDMA, GSM, AMPS, Data, and Microwave. Somera
also offers Advance Exchange Services that can reduce turn time to
three days and reduce the quantity of spares the customer must
maintain. Service providers interested in Somera RepairPLUS in
Latin America are encouraged to contact Adrian Tylim at . About
Somera Somera launched its family of Lifecycle Management Services
in 2004 in response to an industry-wide need for telecom asset
management to optimize return on assets. Somera's product offerings
enable service providers to generate greater value from legacy
assets in the form of lower operating costs, longer product life,
higher productivity, and real measurable capital savings. With
Somera LifecyclePLUS, customers can outsource elements of network
operations, logistics, and technical service. Somera
RecoveryPLUS(TM) is a program approach to deliver documented
savings and expense relief by recovering hidden value in current
underutilized assets and inventories. Somera RepairPLUS provides
comprehensive support for wireless, wireline, and data products at
significant savings and reduced cycle times. These services are in
addition to Somera's traditional Brokerage business that provides
immediate availability of quality, warranted new and refurbished
equipment at savings of 25 to 60%. Founded in 1995, Somera has
developed an impressive base of over 1,100 customers worldwide,
including the industry leaders from each segment of the
telecommunications market. Visit Somera on the web at
http://www.somera.com/. This news release contains forward-looking
statements as that term is defined in Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended, including those regarding the terms and
conditions of the contract with the agent in Argentina, the size of
the market opportunity in the Southern Cone region, and Somera's
ability to execute on its RepairPLUS strategy. Forward-looking
statements involve a number of risks and uncertainties including,
but not limited to, general economic conditions particularly
affecting the telecommunications industry; capital equipment
spending levels in the telecommunications industry, including the
risk of continued customer spending delays associated with carrier
consolidation; the impact of competition in the market for
supplying equipment to telecommunications operators; the risk of
potential shortage of product supply; Somera's ability to build its
RepairPLUS services capabilities, and Somera's ability to execute
on the terms and conditions of the agreement; the agent's ability
to execute on the terms and conditions of the agreement, and other
factors fully described in the company's reports to the Securities
and Exchange Commission (SEC), including but not limited to, the
Annual Report on Form 10-K for the fiscal year ended December, 31,
2004, and Quarterly Reports on Form 10-Q. Actual results may differ
materially from the statements contained in this new release. The
company does not undertake to update any forward-looking statements
that may be made by or on behalf of the company. Copies of Somera's
SEC filings may be obtained by contacting Investor Relations,
Somera Communications, at 1-805-681-3322. DATASOURCE: Somera
Communications CONTACT: Kelly Delany, Director, Communications of
Somera Communications, +1-805-681-3322, Web site:
http://www.somera.com/
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