Westell's WireSpeed Modem Quickly Marks One-Millionth Unit Manufacturing Milestone at Aurora Plant
AURORA, Ill., Feb 12, 2003 (BUSINESS WIRE) -- Westell Technologies, Inc. (NASDAQ:WSTL), a leading provider of broadband access solutions, announced that they have manufactured and shipped the one millionth unit of its second generation WireSpeed(TM) DSL modem today, at the company's U.S. factory located here. These modems are based upon the Texas Instrument AR5 chipset and were just launched last summer into volume production. Westell's Aurora factory is the only major site in the United States where DSL modems are manufactured.
"The rapid achievement of this milestone indicates the enthusiastic market acceptance of this technically superior and easy to use product. Our employees are extremely proud to achieve this key millionth modem milestone so quickly," said Van Cullens, Westell President & CEO.
"The U.S. demand for high-speed Internet access continues to grow and Westell's WireSpeed modem is recognized for delivering high quality and reliable service. The broadband access wagon is picking up speed and we fully expect Westell products to lead the switch to faster home and small-medium business connections," he added.
Westell's WireSpeed product line is an ideal economical solution for residential or small business deployment. These products permit up to 253 home or office users to share a single high-speed Internet connection simultaneously without having to purchase multiple modems.
Today the line is offered in a sleek and compact housing approximately one-half the physical size of earlier models and requires less desktop space. It offers fast and simple "self-install" connectivity. Frost & Sullivan, a global leader in international strategic market consulting and training, awarded the distinguished Market Engineering Product Reliability Award to the Westell WireSpeed modem in 2001.
About Westell
Westell Technologies, Inc. (NASDAQ:WSTL) headquartered in Aurora, Illinois is a broadband access solutions company that provides leading broadband products, service solutions, and conferencing solutions for carriers, service providers and business enterprises around the world. Westell delivers innovative, open broadband solutions that meet our customers' needs for fast and seamless broadband connection. Conference Plus, a Westell subsidiary, offers conferencing services including voice, video, and IP data conferencing, to carriers and multi-national corporations throughout the world. For more information visit www.westell.com.
"Safe Harbor" statement under the Private Securities Litigation Reform Act 1995:
Certain statements contained herein including, without limitation, statements containing the words "believe," " on track, " "anticipate," "committed" "expect," "estimate", "await," "continue," "intend," "may," "will," "should," and similar expressions are forward looking statements that involve risks and uncertainties. These risks include, but are not limited to, product demand and market acceptance risks, need for financing, the economic downturn in the U.S. economy and telecom market, the impact of competitive products or technologies, competitive pricing pressures, product development, excess and obsolete inventory due to new product development, commercialization and technological delays or difficulties (including delays or difficulties in developing, producing, testing and selling new products and technologies), the effect of Westell's accounting policies, the need for additional capital, the effect of economic conditions and trade, legal social and economic risks (such as import, licensing and trade restrictions) and other risks more fully described in Westell's Annual Report on Form 10-K for the fiscal year ended March 31, 2002 under the section "Risk Factors". Westell undertakes no obligation to release publicly the result of any revisions to these forward looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Westell Technologies, Inc.
Nicholas Hindman, 630/375-4136
nhind@westell.com
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