ENWV Endwave Corp. (MM)

Endwave Transceivers Continue to Power Nokia's Cellular Transmission Networks SUNNYVALE, Calif., Jan. 30 /PRNewswire-FirstCall/ -- Endwave Corporation (NASDAQ:ENWV), a leading provider of high-frequency RF modules for telecommunications networks, defense electronics, and homeland security systems, today announced a recently executed follow-on contract with Nokia for the continued production of Endwave's current and next-generation transceivers. The purchase agreement is effective as of January 1, 2006 and provides a continuous bridge from the previous multi-year agreement between the companies, which concluded on December 31, 2005. The new purchase agreement has "evergreen" status, as it does not provide for an expiration date and may only be terminated by either party upon 18 months' prior written notice or upon the occurrence of certain events listed in the purchase agreement. Endwave's transceivers combine high-frequency transmit and receive functions into a single, integrated, module that forms the heart of a typical digital microwave radio. These radios are commonly used in "backhaul" applications within wireless networks to transmit voice and data traffic from a remote cell site to a central office or switch. Mobile operators understand that microwave radio offers a compelling alternative to expensive leased-line options from local operators due to its rapid deployment, high quality of service, ability to upgrade network capacity as conditions demand, and ease of maintenance. As a leading supplier of integrated transceivers for mobile telecommunications applications, Endwave offers a full portfolio of RF subsystem solutions ranging from 4 GHz up through 94 GHz. Endwave's new agreement with Nokia covers the terms and conditions of the sale of various Endwave transceiver products that provide coverage over multiple licensed microwave frequency bands. These transceivers are used as the core RF module for Nokia's FlexiHopper(TM) and FlexiHopper Plus(TM) microwave radios, which can be used for many communication needs in cellular, fixed and dedicated networks. "We are pleased to have renewed our long-term agreement with Nokia, our largest customer for the past five years running," said Ed Keible, CEO and President of Endwave Corporation. "Our volume manufacturing capability coupled with Endwave's continual introduction of disruptive, low-cost technologies are enabling leading system vendors such as Nokia to meet the growing demand for higher bandwidth wireless communications." About Endwave Endwave Corporation designs, manufactures, and markets RF modules that enable the transmission, reception and processing of high-frequency signals in telecommunications networks, defense electronics and homeland security systems. Our RF modules are typically used in high-frequency applications and include integrated transceivers, amplifiers, synthesizers, oscillators, up and down converters, frequency multipliers and microwave switch arrays. Endwave has 38 issued patents covering its core technologies including semiconductor and proprietary circuit designs. Endwave Corporation is headquartered in Sunnyvale, CA, with operations in Diamond Springs, CA; Andover, MA; and Chiang Mai, Thailand. Additional information about the company can be accessed from the company's web site at http://www.endwave.com/ . "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking statements within the meaning of the Federal securities laws and is subject to the safe harbor created thereby. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Words such as "plans," "intends," "expects," "believes" and similar expressions are intended to identify these forward-looking statements. Information contained in forward-looking statements is based on current expectations and is subject to change. Actual results could differ materially from the forward-looking statements due to many factors, including the following: our ability to achieve and maintain profitability; our customer and market concentration; our suppliers' abilities to deliver raw materials to our specifications and on time; our successful implementation of next- generation programs, including inventory transitions; our ability to penetrate new markets; fluctuations in our operating results from quarter to quarter; our reliance on third-party manufacturers and semiconductor foundries; acquiring businesses and integrating them with our own; component, design or manufacturing defects in our products; our dependence on key personnel; and fluctuations in the price of our common stock. Forward-looking statements contained in this press release should be considered in light of these factors and those factors discussed from time to time in Endwave's public reports filed with the Securities and Exchange Commission, such as those discussed under "Risk Factors" in Endwave's most recent annual report on Form 10-K and quarterly report on Form 10-Q. Endwave does not undertake any obligation to update such forward-looking statements. DATASOURCE: Endwave Corporation CONTACT: Mary McGowan of Summit IR Group Inc., +1-408-522-3100, ext. 7702, or , for Endwave Corporation Web site: http://www.endwave.com/

Copyright