Andrew Corporation Acquires ScoreBoard, Inc.; Acquisition Boosts Andrew Network Solutions Portfolio
Businesswire, Wednesday, July 30, 2003 at 09:30
ORLAND PARK, Ill., Jul 30, 2003 (BUSINESS WIRE) -- Andrew Corporation (NASDAQ:ANDW) announced that it has completed the purchase of the assets of ScoreBoard, Inc. of Herndon, Virginia, a supplier of radio spectrum resource optimization services and products to wireless carriers. The newly acquired assets will expand and strengthen the Andrew Network Solutions product line, which already includes the Geometrix(R)Wireless Location System and the Invex 3G(TM)wireless network test and measurement product family. Financial details of the transaction were not disclosed.
ScoreBoard was founded in 1993. Since then, its services have been used by cellular and PCS network operators to increase their networks' calling capacity and improve customer service by using existing network equipment and radio spectrum.
The ScoreBoard fully integrated business solution for wireless operators is based on accurate data management, rigorous analysis, and ongoing performance enhancement. It uses measured network data in a repeatable, three-step spectrum optimization and network management process that results in a network analysis that is far more accurate than others using traditional network planning methods. ScoreBoard produces reliable, optimized, implementation-ready recommendations to manage mobile network deployment and growth. The technology also helps mobile operators maximize their existing network assets by quickly identifying and resolving capacity and call quality issues. This analysis can increase average cellular infrastructure capacity up to 40 percent, while significantly reducing customer complaints.
Terry Garner, President of Andrew Network Solutions Group, said,"ScoreBoard's unique service will contribute significantly to our Network Solutions portfolio of services and products for wireless carriers. I also anticipate synergies between ScoreBoard's services and our Geometrix Wireless Location System product line."ScoreBoard's Chairman and CEO prior to the purchase, Michael K. Morin, said,"ScoreBoard's investors and I are very pleased that this acquisition could be completed. This places the company's unique technology within the very well positioned and strong Andrew organization for future growth. ScoreBoard's customers and employees should benefit substantially from this new beginning."About Andrew Corporation
Andrew Corporation (http://www.andrew.com) designs, manufactures, and delivers innovative and essential communications equipment and solutions for the global telecommunications infrastructure market. Products cover virtually the entire radio frequency (RF) footprint including: transmission line systems, antennas, power amplifiers, filters, in-building distributed wireless systems, and network geolocation products. A global company, with operations in 36 countries, Andrew serves operators and OEMs worldwide. Andrew Corporation's global presence extends across Asia-Pacific, Europe, and The Americas. Andrew (founded in 1937) is an S&P 500 company listed on the Nasdaq National Market System under the symbol: ANDW.
Forward Looking Statements
Some of the statements in this news release are forward-looking statements and we caution our stockholders and others that these statements involve certain risks and uncertainties. Factors that may cause actual results to differ from expected results include the company's ability to integrate its acquisition of Allen Telecom and to realize the synergies and cost savings anticipated from this transaction, the effects of competitive products and pricing, economic and political conditions that may impact customers' ability to fund purchases of our products and services, the company's ability to achieve the cost savings anticipated from cost reduction programs, fluctuations in international exchange rates, the timing of cash payments and receipts, end use demands for wireless communication services, and other business factors. Investors should also review other risks and uncertainties discussed in company documents filed with the Securities and Exchange Commission.
Geometrix is a registered trademark of Andrew Corporation. Invex3G is a trademark of Andrew Corporation.
SOURCE: Andrew Corporation
CONTACT: Andrew Corporation
Greta Brown, 708-349-5661
greta.brown@andrew.com
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SOURCE Businesswire
07/30/2003
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