*SMRA news: Somera to Showcase Leading E1 Wireless Solutions at ITU Asia/2000
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Nov. 21, 2000--Somera Communications, Inc. (Nasdaq:SMRA - news), a leading global provider of telecommunications and Internet infrastructure equipment and support services, announced that it will be exhibiting at ITU Asia/2000 in Hong Kong December 4-9, one of the largest wireless conferences in Asia Pacific.
``As Somera looks to grow its presence internationally, we need to explore the potential of the Asia Pacific region. By some estimations, worldwide sales of telecommunications infrastructure equipment are projected to grow to $230 billion by 2003. We anticipate Asia to experience strong growth in communications-related capital expenditures for both wireless and wireline applications,'' said Jeff Miller, Executive Vice President of Sales and Marketing for Somera Communications. ``Our presence at the show will enable us to further assess the market opportunities, support our current customers in Asia Pacific, and establish new sales contacts in this region.''
The proliferation of the Internet and convergence of voice, data, and video presents new infrastructure challenges for both telecommunications carriers and Internet Service Providers (ISPs). Somera will showcase E1 wireless voice and data solutions to demonstrate the company's ability to support network requirements for cost-effective scalable, high-speed applications. At Somera's booth, leading manufacturing partners will be represented, including Redback Networks (Nasdaq:RBAK - news), Carrier Access (Nasdaq:CACS - news), Eastern Research and Paragon Networks.
For more information on ITU Asia/2000, please visit itu.int. Visit Somera at booth No. 1609.
About Somera Communications
As a leading global provider of telecommunications and Internet equipment and support services, Somera configures, engineers, and deploys wireless, wireline and data networking solutions that enable carriers to build, expand, and maintain their networks faster and more cost effectively. Somera is vendor independent and offers a broad range of infrastructure solutions from over 300 manufacturers. With Somera OneSource(SM) Services, the company provides a complete suite of services for Materials Management, Technical Support and Asset Recovery. Founded in 1995, Somera has grown to more than 300 employees and developed an impressive base of world-class customers, including the industry leaders from each segment of the telecommunications market. Somera was recently ranked as the second ``Hottest Growth Company'' by BusinessWeek and as an ``Up and Comer'' by Forbes Magazine. In the first nine months of 2000, Somera reported revenues of $150 million, a 72% increase over the same period last year. Visit Somera on the web at www.somera.com
Except for historical information contained herein, the matters discussed in this news release contain ``forward-looking statements'' that involve risks and uncertainties regarding Somera's products and service offerings. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by Somera with the Securities and Exchange Commission, specifically, Somera's reports filed on Form 10-K and 10-Q, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Copies of Somera's SEC filings may be obtained by contacting Kelly Delany, Investor Relations, Somera Communications, at 1-805-681-3322, ext. 384. |
