DMC Stratex Networks Awards $6 Million Follow-On Order to Signal Technology
DANVERS, Mass.--(BUSINESS WIRE)--Aug. 23, 2000--
Growing number of contract wins for Signal Wireless
Group's millimeter wave transceivers reflects strong
demand from broadband wireless applications
Signal Technology Corporation (NASDAQ: STCO) today announced that its Signal Wireless Group has won a $6 million production follow-on order from DMC Stratex Networks (NASDAQ: STXN) 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." |
