Endwave and a Major European Telecom OEM Announce Next-Generation Supply Agreement
July 12 2004 - 5:30PM
PR Newswire (US)
Endwave and a Major European Telecom OEM Announce Next-Generation
Supply Agreement Endwave Receives Contract for Production of
Millimeter-Wave Integrated Transceivers for Next-Generation PDH
Radios SUNNYVALE, Calif., July 12 /PRNewswire-FirstCall/ -- Endwave
Corporation (NASDAQ:ENWV), a leading provider of radio frequency
(RF) subsystems for carrier-class cellular infrastructure,
broadband wireless networks, homeland security and defense
applications, announced the execution of a manufacturing supply
agreement with a major European telecom OEM for the production of
their next-generation millimeter-wave radio modules. These modules
form the key millimeter-wave transceiver and synthesizer portions
of a new PDH radio platform aimed primarily at backhauling voice
and data traffic out of advanced cellular networks. The previous
generation program was on the market for over 5 years, and will be
phased out by this new PDH platform during the next year. This new
contract covers the qualification effort in calendar Q3 of 2004,
followed by a production launch and annual agreement that are
targeted for the fourth quarter. Potential revenues for Endwave
supplied modules on this program could approach $5M per year once
in high-volume production. "Endwave has received this contract
award based on our industry leadership in high-frequency module
production," said Ed Keible, CEO and President of Endwave
Corporation. "Endwave's scalable manufacturing model will provide
the low-cost high-capacity vehicle to ramp this transceiver design
into volume production by the end of this year." About Endwave
Endwave Corporation is a provider of radio frequency (RF)
subsystems that enable the transmission and reception of voice and
data signals in broadband wireless systems. The company develops
and manufactures products used in high-speed cellular backhaul
networks, enterprise access, homeland security, defense electronics
and radar systems, and other broadband applications. These products
include integrated transceivers, oscillators/synthesizers,
high-power cellular switch-combiners, and RF modules (amplifiers,
frequency multipliers, switches, and up/down-converters). Endwave
has more than 35 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 Lamphun, 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. These statements include, but are not limited to,
statements regarding forecasted future financial results. Actual
results could differ materially from the forward-looking statements
due to many factors, including the following: the risks that
products will fail to achieve market acceptance, the timing or
existence of customer orders, market volatility and weakness,
customer concentration, delays in the design process, production
delays or cancellations due to product defects or defects in
materials supplied by vendors, the length of our sales cycle, our
ability to develop, introduce and market new products and product
enhancements, changes in product mix or distribution channels; the
demand for wireless networking products and end- user products that
incorporate wireless technology; competitive technologies; and,
technological difficulties and resource constraints encountered in
developing, transitioning and/or introducing new products.
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 report on Form 10-K and subsequently
filed reports on Form 10-Q. DATASOURCE: Endwave Corporation
CONTACT: Mark Hebeisen, VP Marketing of Endwave Corporation,
+1-408-522-7702, or Web site: http://www.endwave.com/
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