P-COM Announces Orders From China in Excess of $1 Million for Spread Spectrum and Point-to-Point Wireless Systems
CAMPBELL, Calif.--(BUSINESS WIRE)--May 22, 2001--
VARs Place Additional Orders in Response
to Fixed Wireless Access Growth
P-Com, Inc. (Nasdaq:PCOM), a high-capacity fixed wireless access equipment manufacturer, announced today the receipt of additional orders from two Chinese Value Added Resellers (VARs). The combined orders are in excess of $1 million, and shipments are scheduled to be made before the end of June, 2001. The company also expects to receive follow-on orders from these customers.
The Point-to-Point and Spread Spectrum fixed wireless access systems included in the orders will be deployed in response to growing customer demand for high-speed Internet access and data services, as well as for voice services. Throughout China, P-Com's Point-to-Multipoint, Point-to-Point, and Spread Spectrum fixed wireless access systems are being deployed by various telecommunications service providers in response to pent-up customer demand for high-speed telecom services.
"P-Com enjoys the advantage of having a broad array of products to respond to the diverse requirements of telecommunications service providers around the world. We believe our full complement of Point-to-Multipoint and Point-to-Point systems in both the licensed and unlicensed bands, coupled with our ability for fast delivery, provides competitive advantage not only in China, but in all the markets of the world in which we participate," said Jim Sobczak, President and COO of P-Com.
About P-Com
P-Com, Inc. develops, manufactures, and markets complete lines of Point-to-Multipoint, Point-to-Point, and Spread Spectrum wireless access systems, and provides related services for the worldwide telecommunications market. P-Com broadband wireless access systems are designed to satisfy the high-speed, integrated network requirements of Internet access providers and competitive local exchange carriers (CLECs). Cellular and personal communications service (PCS) providers utilize P-Com Point-to-Point systems to provide backhaul between base stations and mobile switching centers. Government, utility, and business entities use P-Com systems in public and private network applications. P-Com is the recipient of the Wireless Communications Association's "Big Byte" industry achievement award for "Highest Bit Rate Actually Deployed" based on their Point-to-Multipoint LMDS systems. P-Com Network Services, a wholly owned P-Com subsidiary, offers extensive technical services and project support capabilities, including site surveys, systems planning, program planning and management, and project management. Service expertise also includes the installation of central office equipment, SDH and SONET systems, and wireless implementation.
P-Com, Inc. has its world headquarters in Campbell, California, USA and offices in Florida, Virginia, the United Kingdom, Italy, Germany, China, and Singapore. P-Com is an ISO 9001 certified company. For additional information, contact P-Com at:
P-Com, Inc. o 3175 S. Winchester Boulevard o Campbell, CA 95008 o USA
TEL: (408) 866-3666 o FAX: (408) 866-3655 www.p-com.com
Safe Harbor Statement
Statements in this release that are forward looking involve known and unknown risks and uncertainties, which may cause P-Com's actual results in future periods to be materially different from any future performance that may be suggested in this release. Such factors may include, but are not limited to, working capital constraints, fluctuations in customer demand and commitments, both in timing and volume, introduction of new products, commercial acceptance and viability of new products and expenses associated therewith, cancellations of orders without penalties, pricing and competition, reliance upon subcontractors, P-Com's ability to have available an appropriate amount of production capacity in a timely manner, the ability of P-Com's customers to finance their purchases of P-Com's products and/or services, the timing of new technology and product introductions, the risk of early obsolescence, the risk of building inventories without orders in hand, and the pending stockholder class action lawsuit. Further, P-Com operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond P-Com's control, such as announcements by competitors and service providers. Reference is made to the discussion of risk factors detailed in P-Com's filings with the Securities and Exchange Commission, including its reports on Form 10-K and 10-Q.
CONTACT: P-Com, Inc.
Leighton J. Stephenson, 408/866-3666 (Vice President &
Chief Financial Officer)
pcom@p-com.com
or
Lippert/Heilshorn & Associates
Investor Relations -
Lillian Armstrong, David Barnard, 415/433-3777
david@lhai-sf.com
Media Relations -
Pamela Rigler, 212/838-3777
pamela@lhai.com |
