Tuesday October 17, 7:30 am Eastern Time
Press Release
Racal Recorders Increases Order Value for Blue Wave Systems ComStruct by $700,000
CARROLLTON, Texas--(BUSINESS WIRE)--Oct. 17, 2000--Blue Wave Systems Inc. (Nasdaq:BWSI - news) today announced that Racal Recorders has increased the value of its order for ComStruct(TM) communications processing building blocks to be used in its latest and most advanced recording platform. Blue Wave expects to have delivered the initial production order announced in March 2000 by the end of fiscal Q2 and this latest order - worth more than $700,000 - is for Blue Wave's ComStruct(TM) CPCI/C6400 CompactPCI® hardware platform and FACT(TM) integrated subsystem development and management solution. The order has been placed for delivery during the current fiscal year.
Racal Recorders' digital recording platforms provide a scalable, high capacity recording capability that is several times greater than competitive products. The company's recorders are used in a wide range of critical applications including financial trading, public safety monitoring and logging of emergency calls.
Blue Wave Systems' ComStruct is a set of modular and scalable communications processing building blocks that includes hardware, software and DSP resources. ComStruct enables telecom infrastructure equipment manufacturers to develop, test and deploy carrier-class wireless and wireline technology for applications ranging from 3G wireless to Voice over IP. At the heart of ComStruct is the FACT(TM) software framework that enables customers to easily incorporate commercially available or proprietary algorithms for the rapid development and full deployment of high-density telecom applications. For more information on Blue Wave's ComStruct solutions visit bluews.com.
About Racal Recorders (for use in UK/Europe)
Racal Recorders is one of the world's leading vendors of voice/data recorders and sophisticated application software for call centre monitoring and customer experience evaluation. The company's extensive customer base includes call centre organizations, financial institutions, the emergency services and public utilities as well as airport authorities in the UK, the rest of Europe and further afield. Racal Recorders is a Thomson-CSF company. For further information visit www.racalrecord.com, email dave.morrow@racalgroup.co.uk or telephone +44 (0) 1344 388000.
About Racal Recorders (for use in the US)
Racal Recorders, Inc., with its US headquarters in Herndon, Virginia, is one of the world's leading manufacturers of voice and data recorders and developers of sophisticated application software for call center monitoring and customer experience evaluation. Its extensive customer base includes call centers, financial institutions, emergency service providers, public utilities and airport authorities in the US, and 140 countries around the world. Racal products today record more than a quarter-million communication channels in 140 countries. Racal Recorders is a Thomson-CSF company. Visit Racal at www.racalrecord.com, or contact the company at 800/553-8279 or e-mail marketing@racalusa.com.
Blue Wave Systems is a leading supplier of high-channel Digital Signal Processing (DSP) subsystems used in telecommunication infrastructure equipment, such as voice over packet (VoIP) gateways, digital wireless communications and intelligent peripherals. The ComStruct(TM) line of telecom infrastructure communication processing subsystems was launched in January 1999. At the heart of the ComStruct(TM) line is the company's FACT(TM) software (Framework Architecture for Communication Technologies), which enables the DSP subsystem to be rapidly and effectively deployed in a variety of carrier class telecom applications. Blue Wave Systems has been a market leader in DSP board-level products since 1983. For additional information, please visit our company's web site at www.bluews.com.
ComStruct and FACT are trademarks of Blue Wave Systems Inc. All trademarks are acknowledged.
This press release contains forward-looking statements which are based on expectations of the Company but involve a number of risks and uncertainties, including, but not limited to, technological change, quarterly fluctuations, integration of Mizar and Loughborough Sound Images, dependence on the defense industry, dependence on key suppliers and employees, competition, and Year 2000 compliance. The foregoing list should not be construed as exhaustive and the Company disclaims any obligation subsequently to revise forward-looking statements to reflect unanticipated events. For a further explanation of risk factors please see the Company's most recent SEC filings. The Company further cautions users who may utilize published bookings and backlog information as tools to forecast the company's revenue during a given timeframe since certain purchase orders may be subject to 1) cancellation and, 2) revision to delivery schedules.
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Contact:
Blue Wave Systems Inc.
Shreekant Raivadera, +44 (0) 1509 634461 (Media Contact)
sraivadera@bluews.com
or
Don Crosbie, 972/277-4609 (Investor Relations Contact)
dcrosbie@bluews.com
www.bluews.com |
