Friday February 23, 12:00 pm Eastern Time
Press Release
SOURCE: Illinois Superconductor Corporation
ISCO INTERNATIONAL Announces Order for 140 In-Band Interference Suppression Systems from Bell Mobility (Canada)
MT. PROSPECT, Ill., Feb. 23 /PRNewswire/ -- ISCO INTERNATIONAL (AKA: Illinois Superconductor Corporation) (OTC Bulletin Board: ISCO - news) announced today that it is planning to deliver 140 Adaptive Notch Filter (ANF) systems to Bell Mobility, the wireless subsidiary of Bell Canada. The value of the order is in excess of $1 million (U.S.).
``This is a milestone for this highly innovative and unique technology for controlling in-band interference that can rob a CDMA wireless system of significant capacity,'' said Dr. George M. Calhoun, CEO of ISCO. ``This system was developed by Lockheed Martin Canada to Bell Mobility's specifications, and underwent extensive field trials in 1999. Now we have a large follow-on order from this flagship customer, which we believe will signal the rest of the wireless industry that this new interference-suppression technology is ready for commercial deployment on a network-wide basis.''
ISCO acquired the ANF business from Lockheed Martin Canada in December 2000 for 2.5 million shares of common stock.
``The ANF product is the first product of its kind in our industry,'' said Shawn Doyle, EVP for Commercial Development for ISCO. ``It is capable of almost instantaneously identifying the random emergence of an interference source and tuning an adaptive notch filter to remove the interference and restore the integrity of the wideband CDMA signal. We are also developing a version of the system for TDMA applications that will be ready later this year.''
Brian O'Shaughnessy, Vice President of Wireless Technology for Bell Mobility commented ``The ANF system is expected to provide coverage and capacity enhancement to our network. We believe that by stepping up from our initial trial to a more extensive deployment we will see significant improvements from the suppression of in-band interference as we implement a significant rollout of 800 MHz CDMA across our entire service area in 2001.''
Dr. Calhoun added, ``Narrowband interference is a problem that CDMA operators may have to address in certain situations. It can arise from many different sources, including 'spill-over' of narrowband signals from analog and TDMA operations adjacent to CDMA service areas. It can also arise from unauthorized transmitters and/or intermodulation harmonics that may be difficult to ferret out and control. The ANF architecture is capable of locking onto such an interfering source in milliseconds and implementing an adaptive filter to suppress its effects. We have proven this, with Bell Mobility, in the field and we believe that this product should have a great deal of interest to many other operators.
``We view this as a highly complementary product to our cryogenic receiver front-end systems, which target out-of-band interference sources. We think that most operators are exposed to both in-band and out-of-band interference, and we are now able to offer a solution to the entire problem and not just a portion of it.''
ISCO offers its products in a range of configurations, supporting all cellular and PCS bands, with and without notch filters, and with or without cryogenic low-noise amplifiers. Its products include the smallest HTS filter systems on the market today, as well as the only failure-proof all-temperature HTS filter architecture, our patented ATP(TM) system. ISCO has sold more than 300 systems to operators in the U.S., with continuing field trials indicating future deployment. In addition, ISCO is developing ultra-high-performance superconducting front-end products, including both transmitter and receiver products. The emerging third generation of 3G wireless systems is expected to replace current wireless systems over the next several years.
Because the Company wants to provide investors with meaningful and useful information, this news release contains, and incorporates by reference, certain ``forward-looking statements'' that reflect the Company's current expectations regarding the future results of operations, performance and achievements of the Company. The Company has tried, wherever possible, to identify these forward-looking statements by using words such as ``anticipates,'' ``believes,'' ``estimates,'' ``expects,'' ``plans,'' ``intends'' and similar expressions. These statements reflect the Company's current beliefs and are based on information currently available to it. Accordingly, these statements are subject to certain risks, uncertainties and contingencies, which could cause the Company's actual results, performance or achievements to differ materially from those expressed in, or implied by, such statements. These factors include, among others, the following: the possibility that the court will not approve the proposed settlement; the Company's ability to obtain additional financing in the near future; the Company's history of net losses and the lack of assurance that the Company's earnings will be sufficient to cover fixed charges in the future; uncertainty about the Company's ability to compete effectively against better capitalized competitors and to withstand downturns in its business or the economy generally; the adverse effects on liquidity of the Company's common stock because of its de-listing from the Nasdaq National Market in June 1999; continued downward pressure on the prices charged for the Company's products due to the competition of rival manufacturers of front-end systems for the wireless telecommunications market; the timing and receipt of customer orders; the Company's ability to attract and retain key personnel; and the effects of legal proceedings. A more complete description of these risks, uncertainties and assumptions is included in the Company's filings with the Securities and Exchange Commission, including those described under the heading ``Risk Factors'' in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 1999. You should not place undue reliance on any forward-looking statements. The Company undertakes no obligation to release publicly the results of any revisions to any such forward-looking statements that may be made to reflect events or circumstances after the date of this Report or to reflect the occurrence of unanticipated events.
SOURCE: Illinois Superconductor Corporation
Email this story - Most-emailed articles - Most-viewed articles
--------------------------------------------------------------------------------
More Quotes and News: Illinois Superconductor Corp (OTC BB:ISCO.OB - news)
Related News Categories: telecom
--------------------------------------------------------------------------------
Help
--------------------------------------------------------------------------------
Copyright © 2001 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
Copyright 2001 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
Questions or Comments? |
