Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Spectrum Signal Processing (SSPI) -- Ignore unavailable to you. Want to Upgrade?

To: SGJ who wrote (4261)	12/1/2004 9:18:54 AM
From: dvdw©	Read Replies (1) \| Respond to of 4400

This is a nice contract with many ramifications. Seems as though SSPI needs to get acquainted with Quick to keep these field elements working longer in the field. Spectrum Signal Processing Awarded Contract from Techno-Sciences for NASA-Sponsored Satellite Search and Rescue System COLUMBIA, MARYLAND, Dec 1, 2004 (CCNMatthews via COMTEX) -- Spectrum Signal Processing Inc. (TSX:SSY)(NASDAQ: SSPI) Spectrum Signal Processing (USA) Inc., a subsidiary of Spectrum Signal Processing Inc., today announced that Techno-Sciences, Inc. (TSi) has contracted Spectrum to supply an integrated satellite communications subsystem for a satellite-based search and rescue application. The subsystem will form part of a Distress Alerting Satellite System (DASS) Developmental Local User Terminal (DLUT) being developed under a contract with the National Aeronautics and Space Administration (NASA) Goddard Space Flight Center. The DLUT system will utilize orbiting operational global positioning satellites to provide real time global distress detection and location information on a worldwide basis. This system is expected to virtually eliminate terrain blockage thereby enabling more accurate locating capabilities and faster response times in critical situations. The system will also have the potential to provide two-way, non-vocal digital messaging to inform the sender that the beacon alert message has been received. The initial phase of development of the DLUT is scheduled to be complete by early 2005. Subsequent phases are anticipated in 2005 and 2006 in order to refine the system to NASA's specific requirements. TSi plans to begin commercializing the system in late 2005. "We selected Spectrum based on its robust commercial-off-the-shelf (COTS) product offering and its demonstrated understanding of satellite communications systems," said Dr. Gilmer Blankenship, Chairman of TSi. "TSi expects to employ Spectrum products in both its current and next generation commercial search and rescue satellite systems." "Spectrum continues to be a recognized leader in the market for satellite communications signal processing platforms," said James P. Atkins, President of Spectrum Signal Processing (USA) Inc., "TSi selected Spectrum based on our ability to augment our COTS product offering with flexible application engineering and system integration services." Spectrum's integrated satellite communications subsystem incorporates the company's next generation XMC-3310 module. The RapidIO(TM) based XMC-3310 module incorporates multiple Xilinx(R) Virtex-II Pro(TM) field programmable gate arrays and Analog Devices' analog-to-digital and digital-to-analog converters. ABOUT TECHNO-SCIENCES, INC. Techno-Sciences, Inc. (TSi) is an employee-owned, technology company located near Washington, DC. TSi develops customized products and solutions for signal processing, health monitoring and control. TSi adds value through alliances with major industrial firms, superior customer service and a global presence. TSi operates three business units: Search and Rescue (SARSAT), Defense Systems and Systems Engineering. ABOUT SPECTRUM SIGNAL PROCESSING INC. Spectrum Signal Processing Inc. (TSX:SSY)(NASDAQ: SSPI) is a leading supplier of software defined platforms for defense electronics applications. Spectrum's products and services are optimized for military communications, signals intelligence, surveillance, electronic warfare and satellite communications applications. Spectrum's integrated, application-ready products provide its customers with compelling time-to-market and performance advantages while mitigating program risk and cost parameters. Spectrum Signal Processing (USA) Inc., based in Columbia, Maryland, provides applications engineering services and modified commercial-off-the-shelf platforms to the US Government, its allies and its prime contractors. For more information on Spectrum and its flexComm(TM) product line, please visit www.spectrumsignal.com. This news release contains forward-looking statements related to sales of the Spectrum Signal Processing Inc. flexComm product line. Although Spectrum has received orders for shipping flexComm product, development delays and customer issues could delay shipments. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties, including the timely development and acceptance of Spectrum's new products, the impact of competitive products and pricing, availability of components, changing market conditions and the other risks detailed from time to time in other company filings. Actual results may differ materially from those projected. These forward-looking statements represent the company's judgment as of the date of this release and Spectrum may or may not update these forward-looking statements in the future. Readers are referred to Spectrum's assumptions and risk factors set out in the most current Form 20-F filed with the Securities and Exchange Commission and the British Columbia Securities Commission. (TM) flexComm is a trademark of Spectrum Signal Processing Inc. (R) Xilinx is a registered trademark of Xilinx Inc. (TM) Virtex-II Pro is a trademark of Xilinx Inc. (TM) PowerPC is a trademark of International Business Machines Corporation. (TM) RapidIO is a trademark of the RapidIO Trade Association. CONTACT: Spectrum Signal Processing Inc.