Vari-L Company Announces Sole Source Agreement
To Supply VCOs For Lucent Programs in Germany
DENVER, Sept. 10 /PRNewswire/ -- Vari-L Company, Inc. (Nasdaq: VARL - news), a leading provider of advanced
components for the wireless telecommunications industry, today announced it has entered into an agreement to be the sole
source provider of Voltage Controlled Oscillators (VCOs) for two Lucent Technologies (NYSE: LU - news) programs
underway in Europe.
Dave Sherman, Chief Executive Officer of Vari-L, said Vari-L signed a sole source purchase agreement with its German
distributor, Acal Gmbh, for products to be consumed by Lucent Technologies, Germany. At the customer's request, financial
terms of the agreement were not disclosed.
The VCOs will be used in the construction of base station infrastructure in Lucent's digital wireless communications systems
now under construction in Germany. Lucent is also a key customer for Vari-L in the United States.
''Vari-L is the leading provider of VCOs for the growing worldwide base station market,'' said Sherman. ''Our selection as
sole source supplier for these programs underscores our reputation for developing powerful and reliable components that are
the critical building blocks of wireless communications systems. We are working aggressively to leverage our technology and
market position in the infrastructure segment to penetrate the even larger market for handheld communications devices.''
Through its headquarters in Denver, Vari-L designs, manufactures and markets a wide range of radio and microwave
frequency signal source and processing components used in the wireless telecommunications industry for both commercial and
military applications. Vari-L serves a diverse customer base comprised of some of the world's leading technology companies,
including Ericsson, Hughes, IBM, Lockheed Martin, Lucent Technologies, Magnavox, Mitsubishi, Motorola, NEC, Nokia,
Northern Telecom, QUALCOMM, Raytheon, Samsung, and Texas Instruments.
Some of the statements contained in this news release are forward-looking statements. The accuracy of these statements
cannot be guaranteed as they are subject to a variety of risks, including but not limited to the success of the products into
which the Company's products are integrated, governmental action relating to wireless communications licensing and
regulation, internal projections as to the demand for certain types of technological innovation, competitive products and pricing,
the success of new product development efforts, the timely release for production and the delivery of products under existing
contracts, future economic conditions generally, as well as other factors.
SOURCE: Vari-L Company, Inc.
|
