Sawtek Receives Record CDMA Base Station Filter Order for Chinese Telecommunications Market
ORLANDO, Fla.--(BUSINESS WIRE)--Oct. 18, 2000--Sawtek Inc. (Nasdaq:SAWS) announced today that it has received one of its largest orders for CDMA base station filters in the company's history. The order, from one of the world's leading manufacturers of infrastructure equipment, will begin shipments in the current quarter and will continue through June 2001. It represents the first significant order for CDMA base station filters to be used in the Chinese telecommunications market.
Gary A. Monetti, Chief Executive Officer, stated, "We are excited about the explosive growth potential of the Chinese telecommunications market, not only for infrastructure filters, but handsets as well. We have been shipping GSM base station filters for China, but the recent interest in deploying national CDMA and future 3G networks could provide additional significant long-term growth opportunities. This order is a direct result of the successful implementation of our strategy to dominate our core markets, including filters for base stations, expand our handset product offerings, and target new emerging markets for our technology. The diversity of our product portfolio continues to be our strength."
About Sawtek
Sawtek designs, develops, manufactures 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 sensors. You can access more information about Sawtek by visiting our Web site at www.sawtek.com.
Comments on Forward-Looking Statements
The 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", "projects", "intends", "estimates", "anticipates", or similar terms, 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; increased sales through consignment agreements; 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 ot ers; 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, which can be accessed at the SEC Web site, www.sec.gov.
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.
Release of earnings for the quarter and year ended September 30, 2000 set for October 26, 2000
Sawtek will be releasing its earnings for the quarter and year ended September 30, 2000, on Thursday, October 26, 2000. We will be hosting a conference call with the public at 4:45 p.m. EST on that day.
Conference Call - Open to the Public
The public will have the opportunity to listen to the conference call ver the Internet, without charge, or by dialing a toll number. Below is the information you will need:
Internet Access:
Sawtek at sawtek.com. Go to the "Investor" section and then click on "Live Audio of the Call."
Vcall at vcall.com. To listen to the live call, please go to the Web site at least 15 minutes early to register, download, and install any necessary audio software. For those who cannot listen to the live broadcast, a replay will be available shortly after the call through Vcall, without charge, for approximately 30 days.
Telephone Access:
The toll dial-in number is 212/547-0224. If you are calling from out of the United States, you must dial "011" before the number. The password is "Scream" and the conference leader will be Gary Monetti, Sawtek's CEO.
After the conference call, a replay number will be available for you to listen to the recorded call by dialing 402/530-7649. No password is required. Please note that long distance charges will apply. This number will be active from 6:00 p.m. EST October 26 through 5:00 p.m. EST October 28, 2000.
A transcript of management's comments will be available within 24 to 48 hours through our Web site at www.sawtek.com after we release our earnings.
CONTACT:
Sawtek Inc., Orlando
Ray Link, Sr. Vice President-Finance
Tel: 407/884-3344, Fax: 407/886-7061
E-mail: rl@sawtek.com
KEYWORD: FLORIDA CHINA INTERNATIONAL ASIA PACIFIC
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