Signal Technology Details Previously Announced $7.5 Million Award
DANVERS, Mass.--(BUSINESS WIRE)--May 11, 2001--Signal Technology Corporation (Nasdaq: STCO), a leading provider of electronics products for wireless communications and power management in the commercial, defense and space markets, today provided further details on the order for more than $7.5 million in multipoint customer premise equipment the company announced on January 11, 2001, identifying the customer as Nashua, NH-based Spike Broadband Systems, Inc. Spike, a leading provider of carrier class, fixed broadband access solutions, recently announced a $335 million deal in fixed wireless equipment for broadband data, video and voice communications deployment in Denmark.
As previously announced by Signal, the company has been selected as the primary supplier of 3.5 GHz multipoint radio technology for Spike Broadband's Continuum line of customer premise equipment (CPE) - the subscriber end of the fixed broadband network infrastructure. Signal will begin volume production of CPE shipments to Spike in the second quarter of this year.
"We are pleased and excited that Signal Technology has been selected by Spike Broadband Systems as a key supplier," said George Lombard, Signal Technology's chairman and chief executive officer. "We look forward to seeing our relationship with Spike Broadband Systems expand over the coming years."
About Signal Technology
Signal Technology is a leader in developing state-of-the-art electronic components and systems for wireless telecommunications, defense and space applications. Through its Signal Wireless Group (SWG) operation, the Company is addressing the expanding global demand for data and Internet bandwidth by developing RF radio sub-systems for fixed, broadband wireless telecommunications applications worldwide. SWG also develops and manufactures switching/combining components and subsystems for PCS/cellular digital applications for sale to wireless base station infrastructure providers. In its defense businesses, Signal develops and manufactures RF, microwave, and power conversion products for communications networks, electronic countermeasures, missiles, radar, intelligence and guidance systems for sale to prime defense contractors worldwide. For further information about Signal, please visit Signal's Web site at sigtech.com. |
