Another deal in foreign mkt...its small but it shows demand for GEMS products
Subject:
Glenayre Receives Volume Purchase Agreement From CELPAGE
Date:
Thu, 26 Jun 1997 14:03:17 -0700 (PDT)
From:
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News Alert from PR Newswire via Quote.com
Topic: Glenayre Technologies
Quote.com News Item #3215899
Headline: Glenayre Receives Volume Purchase Agreement From CELPAGE
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CHARLOTTE, N.C., June 26 /PRNewswire/ -- Glenayre Technologies
(NASDAQ:GEMS) today announced that it has signed a two-year volume purchase
agreement valued at more than $7 million with CELPAGE, Puerto Rico's largest
private paging provider. CELPAGE has a large presence in Latin American
countries through its associated companies in Argentina, Columbia, Costa Rica
and Mexico.
"Our partnership with CELPAGE is a result of the efforts Glenayre has made
in its long-term commitment to the South American paging industry," said John
Webster, Glenayre's area vice president of sales and operations for Latin
America. "This agreement is the first step to larger nationwide and regional
projects."
Through the agreement, CELPAGE will purchase Glenayre's advanced high
speed paging infrastructure, including the GL-3930 Operator Assisted Paging
system, GL3000 Wireless Messaging Switches, GL-C2000 control system and GL-
T8501/8601 transmitters. Glenayre's advanced system will provide CELPAGE the
latest capabilities for alphanumeric paging as well as a simple migration path
to two-way paging in the future.
Glenayre services its customers in Latin and South America through offices
in Sao Paulo, Brazil, Mexico City and Dallas, Texas.
Glenayre Technologies Inc. is a worldwide provider of telecommunications
equipment and related software used by leading personal communications service
providers. The company specializes in paging, cellular, voice processing,
point-to-point wireless interconnect and communications network administration
products and systems. Glenayre's net sales exceeded $390 million in 1996 and
the company employs approximately 2,100 people worldwide. Additional
information about Glenayre is available on the company's Web Site at:
glenayre.com.
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