VARL News - Vari-L Company Announces $2.4 Million in Broadband Orders From Stanford Telecom Subsidiary and Netro
DENVER, July 27 /PRNewswire/ -- Vari-L Company, Inc. (Nasdaq: VARL - news), a leading provider of advanced components for the wireless telecommunications industry, today announced it has entered into two separate agreements to deliver components for integration into broadband communications products. Aggregate value of the agreements is set at approximately $2.4 million.
In the larger of the two orders, Netro -- a division of RO Computer Services Pty Limited -- has agreed to purchase high-frequency Voltage Controlled Oscillators (VCOs) in the amount of nearly $1.7 million over the next 24 months. Netro will integrate the patented VCOs into products that offer multipoint, high-speed networking for Internet, voice and frame-relay traffic.
Separately, Stanford Wireless Broadband, Inc. -- a division of Stanford Telecommunications, Inc. -- has agreed to purchase RF Modules in the amount of $750,000 for its new Local Multipoint Distribution Service (LMDS), which gives communications providers a faster, more cost-effective way to deliver Internet access and video and voice services. Vari-L will deliver the RF Modules, which include its own patented components, over the next 12 months. Initial products, geared toward the business market, will later be adapted for subscriber markets.
Dave Sherman, president and CEO of Vari-L, said the agreements underscore the Company's commitment to leveraging its dominant position in traditional wireless infrastructure markets to penetrate rapidly growing segments for broadband applications including the Internet.
''Over the past six months we have experienced a substantial increase in quotation activity involving our high-end broadband products, and that activity is now beginning to translate into revenue opportunities,'' Sherman said. ''We are confident we will capitalize on these emerging opportunities and believe broadband markets will play a major role in Vari-L's long-term growth.''
About Vari-L Company, Inc.
Through its headquarters in Denver, Vari-L designs, manufactures and markets radio- and microwave-frequency signal source and processing components used in the wireless telecommunications industry. Vari-L's patented products are used in a variety of commercial, subscriber and military/aerospace applications, including emerging digital and broadband communications technologies. Vari-L serves a diverse customer base comprised of some of the world's leading technology companies, including California Microwave, Ericsson, Harris, Hughes, IBM, Lockheed Martin, Lucent Technologies, Mitsubishi, Motorola, NEC, Nokia, Northrop Grumman, Raytheon, Samsung, Siemens, Stanford Telecom and Wireless Access.
About Stanford Telecom
Stanford Telecommunications Inc. (Nasdaq: STII - news), based in Sunnyvale, CA, designs manufactures and markets advanced telecommunications products and systems used to establish and enhance communication via satellites, terrestrial wireless and cable. The company also provides communications systems, networking solutions and GPS navigation products.
About Netro
Netro was established in November 1994 with the goal of providing high- level Internet and networking solutions for the corporate market. The company develops broadband wireless-access systems using microwave radio and traditional networking technologies. Netro is the Internet division of RO Computer Services Pty Limited, a systems integration company based in Australia. Visit Netro's web site at netro.com.au.
Some of the statements contained in this news release are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, including but not limited to the success of the products into which the Company's products are integrated, governmental action relating to wireless communications licensing and regulation, internal projections as to the demand for certain types of technological innovation, competitive products and pricing, the success of new product development efforts, the timely release for production and the delivery of products under existing contracts, future economic conditions generally, as well as other factors.
SOURCE: Vari-L Company, Inc. |
