Tuesday October 24, 9:33 am Eastern Time
Press Release
Siemens Places $6.2 Million ComStruct Order for 3G Wireless -- Largest Ever for Blue Wave Systems
Option for a further $2.5 million for UMTS system
CARROLLTON, Texas--(BUSINESS WIRE)--Oct. 24, 2000--Blue Wave Systems Inc. (Nasdaq:BWSI - news), today announced a major order for its ComStruct(TM) communications processing building blocks worth $6.2 million from Siemens Information and Communication Mobile (Siemens ICM).
The order is Blue Wave's largest and provides Siemens ICM with an option to increase the order by a further $2.5 million.
Siemens ICM will use the ComStruct CompactPCI® CPCI/C6402 and VMEbus VME/C6420 communications platforms to provide the core processing power in its TDD (Time Division Duplex) trial system for Universal Mobile Telecommunications System (UMTS). Siemens is currently running research projects on UMTS in Japan, Europe and China and these base stations will allow its customers early access to third generation wireless infrastructure technology.
Blue Wave Systems plans to ship orders to the value of approximately $850,000 this fiscal quarter, a further $2 million during fiscal Q3 and $3.35 million in the final quarter of this financial year.
``Blue Wave's ComStruct has helped to significantly reduce the time required to bring our UMTS base station to this phase of development,'' said Horst Fenske, Vice President Development at Siemens Munich. ``By leveraging best-in-class technology based on industry standards, we can provide our customers with early access to the next generation of mobile telephony infrastructure solutions.''
``This endorsement for ComStruct comes at a very exciting time for Blue Wave Systems,'' said Kevin Parslow, executive vice president for Blue Wave Systems. ``This announcement with Siemens is an indication of the significant inroads that we are making in the telecommunications industry. We will continue to build on this momentum as more design wins move into production.''
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.
Part of the ComStruct product line, the CPCI/C6402 is a very high density TMS320C6202-based digital signal processing (DSP) resource board for general voice and data stream processing applications that require leading edge processing capability. It features eight C6202 DSPs, network interfaces and two dedicated real-time system controllers in a single CompactPCI slot.
The ComStruct VME/C6420 is a high-bandwidth signal processing solution that complements Blue Wave Systems' range of communications platforms based around Texas Instruments C6000 device. Featuring four C6000 DSPs -- each with exclusive access to 16Mb SDRAM -- and an on-board control processor, it is particularly suitable for high performance applications such as 3G wireless.
For more information on Blue Wave's ComStruct solutions visit bluews.com.
The Siemens Information and Communication Mobile Group (26,000 employees, sales of 6 billion EUR in first 9 months of FY 2000) offers a complete range of mobile telephone products including devices, infrastructure and applications. Devices include mobile phones, ISDN phones, mobile organizers, cordless and corded phones. The infrastructure portfolio includes the complete range of network technologies from base stations and switching systems to applications and intelligent networks. For further information about this Siemens group, please visit our home page: siemens.de
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
Media Contact
Shreekant Raivadera, +44 (0) 1509 634461
sraivadera@bluews.com
or
Investor Relations Contact
Don Crosbie, 972/277-4609
dcrosbie@bluews.com |
