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

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To: yard_man who wrote (2381)12/18/1997 5:30:00 PM
From: Robert Floyd  Read Replies (1) of 3431
 
Company Press Release
SOURCE: Glenayre Technologies Inc.
Glenayre And Unicom Paging Launch Next Phase Of Nationwide Network In China
CHARLOTTE, N.C., Dec. 18 /PRNewswire/ -- Glenayre and Unicom China Paging Corporation have launched the third phase of Unicom's nationwide paging network in China. Located in Fujian province, Xiamen is the first of 21 cities in which Unicom plans to launch high speed paging services by the end of January 1998. Glenayre is providing complete FLEX-based 280 MHz paging systems for all 21 cities.

The companies jointly announced the launch in a ceremony held at Unicom's office in Xiamen. The project stems from a total of $6.2 million in contracts Glenayre received from Unicom between June and September 1997.

''This is one of Glenayre's largest projects in China this year and we're very pleased to be working with China Unicom Paging, one of the premier nationwide network operators, '' said Lee Ellison, Glenayre's senior vice president and general manager, Global Operations. ''With this project, a new group of nationwide subscribers in China will benefit from Glenayre's technology.''

''Unicom is very glad to have Glenayre's support for this important phase of our nationwide network and we will continue to rely on their expertise as we expand,'' said Hong Ming, director and general manager of Unicom China Paging Corporation. ''Our major criteria for selecting Glenayre was their advanced technology and proven track record for product development.''

The 21 systems include the GL-3000 Wireless Messaging, Switch GL-T8321 Transmitter, GL-N2000 Operations Management Center (OMC), as well as the GL-C2000 Controller and GL-C2200 Alarm Monitor Unit, which provide over-the- air alarm reporting from the base stations.

Located throughout 13 provinces, the 21 cities are: Xiamen, Beijing, Ningbo, Quanzhou, Wuxi, Changzhou, Suzhou, Wenzhou, Taizhou, Qingdao, Yantai, Weihai, Changchun, Guiyang, Kunming, Zhengzhou, Chengsha, Haikou, Taiyuan, Hefei and Daqing.

Unicom China Paging Corporation is a subsidiary of China Unicom, which is one of only two telecommunication service providers in China. China Unicom has licenses for paging, GSM and fixed network services.

Glenayre Technologies Inc. (Nasdaq: GEMS - news) is a worldwide provider of personal communications products and systems serving the paging, cellular, PCS, telco, voice processing and point-to-point wireless service provider markets. Glenayre's net sales exceeded $390 million in 1996 and the company employs approximately 2,100 people worldwide.

FLEX is a trademark of Motorola
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