Stratex Networks Secures Agreement From Jordan
Mobile Telephone Services
Monday January 13, 8:00 am ET
JMTS Will Upgrade Current Network of Stratex Products With
Altium MX 311 Terminals
SAN JOSE, Calif., Jan. 13 /PRNewswire-FirstCall/ -- Stratex Networks (Nasdaq: STXN - News),
one of the world's foremost solutions providers for mobile applications and broadband wireless
access, today announced an agreement with Jordan Mobile Telephone Services (JMTS) to
upgrade their current microwave infrastructure due to high traffic demands.
The recent agreement calls for Stratex Networks to replace the existing installed rings of
Altium® 155 digital microwave radio product with new Altium MX 311 terminals, doubling the
speed capacity of the rings. Once the upgrade is completed, the Altium 155 terminals will
be repositioned to other locations where upgrades to 155 Mbps speed are now required.
The agreement includes services for the design, supply, installation, frequency planning,
interference calculations and equipment testing as well as a five-year maintenance agreement
for the new radio systems.
"We are pleased to announce this new order with Jordan Mobile Telephone Services," said
Chuck Kissner, Chairman and CEO of Stratex Networks. "We value our continued working
relationship with JMTS as we continue to maintain leadership in the supply of microwave
products and services solutions."
About Jordan Mobile Telephone Services (JMTS/Fastlink)
Founded in 1995, JMTS was the first operator to introduce mobile phone services into Jordan.
Since its inception, Fastlink has driven penetration, achieving a strong subscriber growth, with
the number of users currently totaling more than 680,000. Fastlink is today driving beyond the
boundaries of voice communications to lead the mobile data revolution in the Jordanian market.
About Stratex Networks
With headquarters in San Jose, California, Stratex Networks, Inc. is one of the world's foremost
wireless transmission solutions providers for worldwide mobile and broadband access communications
networks. Since it was founded in 1984, Stratex Networks has achieved international recognition
for quality, innovation, and technical superiority in delivering data, voice, and video communication
systems, including comprehensive service and support. Stratex Networks, with its broad product
offering and worldwide sales and support organization, is strategically positioned to serve its
customers' needs in wireless high-capacity transmission technology. Additional information is
available at www.stratexnet.com.
Note Regarding Forward-Looking Statements: This press release contains statements that qualify
as "forward-looking statements" under the Private Securities Litigation Reform Act of 1995, including
statements regarding this agreement with Jordan Mobile Telephone Services (JMTS) and our ability
to maintain a leadership position in the markets we serve. These forward-looking statements are
based on current expectations and we assume no obligation to update this information. Our actual
results could differ materially from those anticipated in these forward-looking statements as a
result of certain risks and uncertainties, including the risk of on-time delivery and customer
acceptance of the Altium MX 311, increased competition, continuation or further tightening of
global capital markets for telecommunications and mobile cellular projects, and economic and
political instability in the markets in which we compete. For a further discussion of such factors,
see the information provided under the heading "Management's Discussion and Analysis of
Financial Condition and Results of Operations -- Factors that May Affect Future Financial Results"
in Exhibit 13.1 of the Company's Quarterly Report on Form 10-Q for the quarter ended
September 30, 2002, filed with the Securities and Exchange Commission on November 15, 2002. |
