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

To: Mike O'Hearn who wrote (4286)	1/17/2005 7:50:16 AM
From: YourKing	Read Replies (2) \| Respond to of 4400

SSPI NEWS: Press Release Source: Spectrum Signal Processing Inc. Spectrum Secures Contract with Government Defense Agency for Wideband Communications Intelligence Application Monday January 17, 7:00 am ET BURNABY, British Columbia--(BUSINESS WIRE)--Jan. 17, 2005--Spectrum Signal Processing Inc. (TSX:SSY - News; NASDAQ:SSPI - News), today announced that an international government defense agency has selected Spectrum's flexComm(TM) HCDR-1002 platform for the development of a wideband communications intelligence application. "Spectrum competed against a number of international competitors to secure its first design-in with this promising customer," stated Pascal Spothelfer, President and CEO of Spectrum. "We differentiated ourselves by offering a highly flexible, software reconfigurable solution opposed to the competing more rigid, legacy-type solutions. Given the pace at which communications technologies are developing, I believe that C4ISR applications will continue to adopt software reconfigurable radio technologies to allow ongoing adaptation." C4ISR includes command, control, communications, computers, intelligence, surveillance and reconnaissance applications. Signals intelligence (SIGINT) includes communications intelligence (COMINT) and electronics intelligence (ELINT) applications. The HCDR-1002 is a flexible heterogeneous processing platform that incorporates Xilinx(TM) field programmable gate arrays, Freescale PowerPC(TM) processors and Texas Instruments digital signal processors. Detailed product information can be found at www.spectrumsignal.com/products/hcdr/hcdr_1000.asp. ABOUT SPECTRUM SIGNAL PROCESSING INC. Spectrum Signal Processing Inc. (TSX:SSY - News; NASDAQ:SSPI - News) 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 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. (TM) Xilinx is a trademark of Xilinx Inc. (TM) PowerPC is a trademark of International Business Machines Corporation. -------------------------------------------------------------------------------- Contact: Spectrum Signal Processing Inc. Mark Briggs Technical and Trade Media (604) 676-6743 Email: mark_briggs@spectrumsignal.com OR Spectrum Signal Processing Inc. Brent Flichel Business Media and Investor Relations (604) 421-5422 Email: brent_flichel@spectrumsignal.com Website: www.spectrumsignal.com -------------------------------------------------------------------------------- Source: Spectrum Signal Processing Inc.