PWAV,
Powerwave Technologies Finalizes Agreement With Motorola
SANTA ANA, Calif., Jun 29, 2001 (BUSINESS WIRE) -- Powerwave Technologies Inc. (Nasdaq: PWAV chart, msgs) today announced that it has finalized an agreement with Motorola Inc. (NYSE: MOT chart, msgs) to become the exclusive external supplier of ultra-linear high-powered multi-carrier RF power amplifiers for use with Motorola's SC4812T cellular base stations.
The supply agreement is for a period of three years. Powerwave had previously announced the signing of a memorandum of understanding regarding this supplier arrangement on March 20, 2001. No dollar value was placed on the agreement.
"Powerwave is excited to finalize this expansion of our relationship with Motorola," stated Bruce C. Edwards, president and chief executive officer of Powerwave Technologies. "We are looking forward to directly supplying Motorola with our high-powered multi-carrier cellular RF power amplifiers for use with their SC4812T base station deployments."
About Powerwave Technologies
Powerwave Technologies, a TL 9000 and ISO 9001 quality certified company, is a leading supplier of high-performance RF power amplifiers for use in wireless communications networks. Powerwave designs, manufactures and markets both single carrier and multi-carrier RF power amplifiers for use in cellular, PCS and 3G base stations throughout the world.
Corporate headquarters are located at 1801 E. St. Andrew Place, Santa Ana, Calif. 92705. Telephone: 714/466-1000. For more information on Powerwave's high-performance ultra-linear RF power amplifiers and amplifier systems, call 888/PWR-WAVE (797-9283) or visit the company's Web site at www.powerwave.com.
Powerwave Forward-Looking Statements
The foregoing statements regarding the supply of cellular multi-carrier RF power amplifiers to Motorola and growth possibilities associated with deployment of cellular band RF systems; the company's expectations for future business with Motorola; the company's ability to benefit from the expected growth in demand for wireless infrastructure products; are "forward-looking statements." All of these statements are subject to risks and uncertainties which could cause the company's actual results to differ materially from those projected or implied. Such potential risks and uncertainties include, but are not limited to, in no particular order: delays in deployment of cellular systems by wireless OEM's including delays by Motorola and delays in upgrading or expanding cellular systems by network operators, all of which would cause us to have excess inventories which could have a negative impact on the company's operating results; the company's ability to meet Motorola's delivery requirements; unexpected technical difficulties in developing high powered multi-carrier products; variability in the company's gross margins on new products which could result in a negative impact on the company's operating results; the ramp up of new production lines may take longer than planned and any such delays may have a negative impact on the company's operating results; the company's business requires continued favorable business conditions and growth in the wireless communications market which are presently being negatively impacted by the economic slowdown in the United States and the wireless communications market. More detailed information on these and additional factors which could affect Powerwave's operating and financial results are described in the company's Form 10-K for the fiscal year ended Dec. 31, 2000, and its Form 10-Q for the quarterly period ended April 1, 2001, both of which are filed with the Securities and Exchange Commission, and other risks detailed from time to time in the company's reports filed with the Securities and Exchange Commission. Powerwave urges all interested parties to read these reports to gain a better understanding of the many business and other risks that the company faces. Additionally, Powerwave undertakes no obligation to publicly release the results of any revisions to these forward-looking statements which may be made to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events |
