ORLANDO, Fla.--(BUSINESS WIRE)--May 16, 2000--Sawtek Inc. (Nasdaq:SAWS) announced today that it has received the first high-volume order for its new PCS (Personal Communication Systems) RF (Radio Frequency) SAW filters. These devices are used in GSM, TDMA and CDMA wireless phones as front-end filters for both receive and transmit applications. This order, to one of the world's largest wireless phone manufacturers, is scheduled to begin delivery in the quarter ended September 30, 2000. Sawtek now offers a complete product portfolio of PCS RF receive and transmit filters for all global wireless communications standards.
Gary A. Monetti, Chief Executive Officer, stated, "This order is a significant achievement for Sawtek, representing the continued success of our new product initiatives undertaken during this past year. We believe that the worldwide RF SAW (Surface Acoustic Wave) filter market for wireless phones requires more than ten times the unit volume of our traditional markets and is forecasted to grow at a compound rate exceeding 30% for the next several years. In particular, the market for PCS RF SAW filters represents a tremendous growth opportunity for Sawtek. The technical requirements for the high frequency PCS RF filters are much more demanding and difficult to achieve than those of the lower frequency RF filters for cellular applications. As a result, fewer SAW manufacturers can offer these critical components. This order is further evidence that SAW is the technology of choice for filtering in wireless communications and that Sawtek is continuing to achieve our goal of providing our customers with complete solutions for all of their complex filtering requirements."
Sawtek designs, develops, manufacturers and markets a broad range of electronic signal processing components based on surface acoustic wave, or SAW, technology primarily for use in the wireless communications industry. Our primary products are custom-designed, high performance bandpass filters, resonators, delay lines, oscillators and SAW-based subsystems. These products are used in a variety of microwave and RF systems, such as CDMA and GSM digital wireless communications systems, digital microwave radios, wireless local area networks, cable television equipment, Internet infrastructure, various defense and satellite systems, and chemical sensors.
Forward-looking statements in this release are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Act of 1995. Investors are cautioned that forward-looking statements such as statements of the Company's plans, objectives, expectations and intentions involve risks and uncertainties. The cautionary statements made in this release should be read as being applicable to all related statements wherever they appear. Statements containing terms such as "believes", "does not believe", "no reason to believe", "expects", "plans", "intends", "estimates", or "anticipates", are considered to contain uncertainty and are forward-looking statements. The Company's actual results could differ materially from those discussed. Factors that could contribute to such differences include the following: a decline in either the growth of wireless communications or the acceptance of CDMA technology; our ability to successfully develop and bring new products to market, particularly RF filters; our ability to successfully increase production capacity; competitive products or technologies that could reduce demand for our products such as direct conversion or digital filtering technology; our dependence on a limited number of suppliers for certain key raw materials; risks associated with international sales; our dependence on a few large customers; declining selling prices for some of our key products; decreased manufacturing yields; cancellation of purchase orders by our customers; our inability to protect our intellectual property or if we infringe on the intellectual property of others; increased competition from other SAW suppliers; risks associated with our Costa Rican operations; risk of natural disasters; and other risks discussed in our SEC filings including Form 10K, Form 10Q, and Form S-3A filed on January 24, 2000.
A reader of this release should understand that it is not possible to predict or identify all such risk factors. Consequently, the reader should not consider this list to be a complete statement of all potential risks or uncertainties. We do not assume the obligation to update any forward-looking statement.
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CONTACT: Sawtek Inc., Orlando
Brian Balut, Vice President, Sales & Marketing
Tel: 407/884-3450, Fax: 407/886-7061
E-mail: bb@sawtek.com
KEYWORD: FLORIDA
INDUSTRY KEYWORD: TELECOMMUNICATIONS MANUFACTURING NETWORKING
SAWTEK NAMED "SUPPLIER OF THE YEAR" BY QUALCOMM
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