DMC Stratex Networks Awards $6 Million Follow-On Order to Signal Technology
Growing number of contract wins for Signal Wireless Group's millimeter wave transceivers reflects strong demand from broadband wireless applications
DANVERS, Mass.--(BUSINESS WIRE)--Aug. 23, 2000-- Signal Technology Corporation (NASDAQ: STCO - news) today announced that its Signal Wireless Group has won a $6 million production follow-on order from DMC Stratex Networks (NASDAQ: STXN - news) for wireless transceivers for its XP4 wireless access solutions. Signal Wireless Group will continue providing DMC Stratex Networks with high frequency millimeter-wave transceivers, which are currently in high-volume production.
Signal Technology's millimeter wave transceivers are incorporated into DMC Stratex Networks' XP4 family of wireless solutions. The XP4 series radio, which provides data rates up to DS3 (45 Mbps), delivers low-cost transport solutions for PCS/PCN microcell fixed-network infrastructure, last-mile connections for local telephony, cellular backhaul interconnections, and private networks. DMC Stratex Networks, which held the Digital Microwave name since its founding in 1984, is an independent wireless solutions provider with a leading market share in the broadband fixed wireless access and mobile wireless solutions markets.
Dr. James DiLorenzo, president and chief operating officer of Signal Technology and the Signal Wireless Group stated, ``This important order positions our Wireless Group for high-volume production, which will take advantage of the strategic manufacturing initiatives we have put in place and ultimately will provide benefits to all of our customers. We continue to see enormous opportunity for our millimeter wave and microwave transceivers in cellular/PCS and point-to-multipoint backhaul wireless applications.''
``DMC Stratex Networks is the leader in wireless broadband access solutions, and we're pleased to further our long-standing partnership with them with this award to provide them with the industry's leading wireless transceivers,'' stated George Lombard, Signal Technology's chairman and chief executive officer. ``The growth of Signal Wireless Group continues to accelerate at an increased rate. Winning this order is yet another milestone demonstrating that our strategy in the high-growth wireless broadband infrastructure marketplace is succeeding.''
Sam Smookler, president and CEO of DMC Stratex Networks, stated, ``This order with Signal Wireless reflects the strong demand we are seeing for our XP4 millimeter wave products in the Broadband Fixed Wireless Access markets in the USA and Europe. We view Signal's investment in dedicating additional capacity to support our needs as an important commitment to fuel our mutual growth objectives.''
About DMC Stratex Networks
With headquarters in San Jose, Calif., DMC Stratex Networks, Inc., (NASDAQ: STXN - news) is one of the world's foremost solutions suppliers for broadband wireless access - enabling the development of complex communications networks worldwide. Since its founding in 1984, the Company has achieved international recognition for quality, innovation, and technical excellence in delivering data, voice, and video communication systems, including worldwide service and support. Expanding its focus to the wireless broadband networking market, DMC Stratex Networks is strategically positioned to continue its leadership in wireless high-capacity transmission technology. Additional information can be found on the Company's web site at www.dmcstratexnetworks.com
About Signal Technology
Signal is a leader in developing state-of-the-art electronic components and systems for wireless communications, defense and space applications. Through its Signal Wireless Group (SWG), the company is addressing the exploding global demand for Internet and data bandwidth by developing RF radio sub-systems for broadband fixed wireless telecommunications applications worldwide. SWG also develops and manufactures switching/combining components and subsystems for PCS/cellular digital applications for sale to wireless base station infrastructure providers. In its defense businesses, Signal develops and manufactures RF, microwave, and power conversion products for communications networks, electronic countermeasures, missiles, radar, intelligence and guidance systems for sale to defense prime contractors worldwide. For further information about Signal, please visit Signal's Web site at sigtech.com.
``Safe Harbor'' Statement under the Private Securities Litigation Reform Act of 1995: The statements made in this news release that are not historical facts contain forward-looking information that involves risks and uncertainties. Important factors that may cause actual results to differ include, but are not limited to, market acceptance risks, the effect of economic conditions, the impact of competitive products and pricing, product development, capacity, supply constraints, and other risks detailed from time to time in the Company's Securities and Exchange Commission filings. These documents identify and describe important factors that can cause results to differ materially from those contained in any forward looking statements we may make.
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Contact:
Signal Technology Corporation, Danvers
George Lombard, 978/774-2281
Chairman and CEO
- or -
Sharon Merrill Associates, Inc., Boston
Paul Sagan, 617/542-5300
Vice President
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