Thursday October 19, 7:30 am Eastern Time
Press Release
Blue Wave Systems ComStruct 3G Wireless Design Win Results in Orders of $4 million
Cumulative Value of Orders for 3G Mobile Testing System Exceeds $4 Million
CARROLLTON, Texas--(BUSINESS WIRE)--Oct. 19, 2000--Blue Wave Systems Inc. (NASDAQ:BWSI - news) today announced volume ComStruct(TM) orders with a cumulative value of more than $4 million from a leading provider of wireless data solutions. The customer is using the ComStruct VME/C6420 Digital Signal Processing (DSP) resource board to provide the functionality and processing power required to carry out practical trials on third generation networks.
The value of orders placed by this customer to date exceeds $4 million. The company shipped orders to the value of $1.1 million during fiscal year 2000 and $1.0 million in the first quarter of this fiscal year. Blue Wave plans to ship a further $1.8 million during fiscal Q2 and Q3.
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.
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
Shreekant Raivadera, +44 (0) 1509 634461 (Media)
sraivadera@bluews.com
or
Don Crosbie, 972/277-4609 (Investor Relations)
dcrosbie@bluews.com |
