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Technology Stocks : Glenayre Technologies(GEMS)- a pure cellular PCS play?

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To: Skeeter Bug who wrote (2205)10/23/1997 5:56:00 AM
From: Linda Kaplan   of 3431
 
Headline: Glenayre Receives $16 Million Contract for High Speed Paging Network
in Heilongjiang, China

======================================================================
CHARLOTTE, N.C., Oct. 22 /PRNewswire/ -- Glenayre Technologies Inc.
(NASDAQ:GEMS) announced today that it signed a $16.2 million contract for a
province-wide high speed paging network with the Posts and Telecommunications
Authority of China's Heilongjiang province. This contract was formally signed
today in Harbin, the capital of Heilongjiang province, and
further expands Heilongjiang's large Glenayre supplied paging network.
Glenayre will install its advanced paging and messaging infrastructure,
including multiple GL3000 Wireless Messaging Switches, over 500 VHF high speed
transmitters equipped with GL-C2000 controllers, as well as advanced
networking and management equipment. Installation of this phase will begin in
November.
"This contract further demonstrates Glenayre's high speed paging
infrastructure leadership in China, and the Heilongjiang contract represents
the largest provincial order received to date," said Lee Ellison, Glenayre's
senior vice president of global operations.
Since 1990, Glenayre has supplied more than 350 paging systems in
thirteen provinces throughout China, including eleven provincial networks for
China's nationwide high speed paging network.
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,
mobile data, 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.

SOURCE Glenayre Technologies Inc.
-0- 10/22/97
/CONTACT: Darren Ballegeer, Glenayre Technologies Inc., 604-293-4399
ext. 4152/
/Company News On-Call: prnewswire.com or fax, 800-758-5804,
ext. 111723/
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