Headline: Glenayre Signs $3 Million Contract with Fujian Province Telecom Paging
Company Ltd.
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Service to Launch New Province-Wide Stock Market Information Service in China
CHARLOTTE, N.C., April 6 /PRNewswire/ -- Glenayre Technologies Inc.
(NASDAQ:GEMS) today announced that it has received a $3 million contract for
the construction of a stock market information paging network in China.
Fujian Province Telecom Paging Company Ltd. will launch its service in June on
a new province-wide high speed FLEX(R) paging network that will deliver stock
market information to more than two million paging subscribers in the Fujian
province.
"Fujian is the first province in China to build a province-wide paging
network for stock market information services," said Chinnee Tong, area vice
president and general manager for Glenayre's China operations. "This project
indicates the growing subscriber demand for advanced wireless messaging
services as the market economy continues to develop in Fujian. It also
positions Fujian Telecom on the leading edge of the competitive wireless
messaging service market in the province."
Scheduled to begin commercial service in June, the stock market
information channel will broadcast stock updates to all pagers on Fujian's
network. Through the contract, Glenayre will also expand the 280MHz
nationwide paging network in Fujian Province to provide capacity for more than
two million subscribers in eight cities. Both the expansion and the new
provincial network will feature Glenayre's GL-C2000 high speed controllers,
GL-T8321 high speed transmitters and the GL-N2000 Network Manager.
For over 30 years, Glenayre Technologies Inc. has been developing leading
edge personal telecommunication systems. Supplying products for both one and
two-way paging networks, Glenayre also offers the industry's premiere
migration solution from one-way systems to two-way functionality. With over
2,200 employees and with products installed in over 100 countries, Glenayre's
net sales exceeded $399 million in 1998. Additional information about the
company is available at: glenayre.com .
FLEX is a trademark of Motorola Inc.
SOURCE Glenayre Technologies Inc.
-0- 04/06/99
/CONTACT: Robert Brown of Glenayre Technologies Inc., 604-293-4339, or
robert.brown@glenayre.com /
/Company News On-Call: prnewswire.com or fax,
800-758-5804, ext. 111723/
/Web site: glenayre.com / |
