P-Com, Inc. Announces Network Services Purchase Orders Valued in Excess of $1 million from Ericsson, Italia
CAMPBELL, Calif.--(BUSINESS WIRE)--Dec. 29, 1998--P-Com, Inc. (Nasdaq National Market:PCMS), today announced network services purchase orders valued in excess of $1 million from Ericsson, Italia.
These purchase orders are a part of a signed frame agreement valued in excess of $9 million covering services to be supplied by P-Com.
Ericsson is a systems integrator providing services to Wind, the third company licensed to provide mobile telephone services in Italy.
The purchase orders are for the provision of site construction, BTS deployment, and antenna installation services for Wind, and are an example of P-Com's efforts to broaden and strengthen its existing core customer base.
P-Com's Chairman and Chief Executive Officer, George P. Roberts, said, ''We believe the importance of providing services related to the proper design, layout, and installation of wireless networks cannot be overstated. The consolidation of the acquisitions we have made over the past two years in the services business into P-Com Network Services is an important step toward further diversification for P-Com as well as for increased customer satisfaction.''
The services provided by P-Com Network Services cover a broad spectrum, available as a turnkey package or as individual services. P-Com Network Services performs and manages many aspects of wired and wireless system buildout, from initial system and path planning through network optimization. P-Com Network Services is located in Vienna, VA, with facilities in the UK and Italy.
P-Com, Inc. develops manufactures and markets network access systems for the worldwide wireless telecommunications market. The point-to-point, spread spectrum, and point-to-multipoint radio links provided by P-Com are designed to satisfy the network requirements of cellular and personal communications services, corporate communications, public utilities and local governments.
In addition, P-Com provides comprehensive network services including system and program planning and management, path design, and installation. P-Com also provides network performance monitoring devices.
Statements in this release that are forward looking involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release.
Such factors may include, but are not limited to, reliance upon subcontractors, fluctuations in customer demand and commitments, both in timing and volume, introduction of new products, commercial acceptance and viability of new products and expenses associated therewith, cancellations of orders without penalties, pricing and competition, the Company's ability to have available an appropriate amount of production capacity in a timely manner, the ability of the Company's customers to finance their purchases of the Company's products and/or services, the timing of new technology and product introductions, the risk of early obsolescence and the pending stockholder class action lawsuits.
Further, the Company operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond the Company's control, such as announcements by competitors and service providers. Reference is made to the discussion of risk factors detailed in the Company's filings with the Securities and Exchange Commission, including its reports on Form 10-K and 10-Q.
P-Com, Inc., with world headquarters in Campbell, Calif., USA and offices in Florida, New Jersey, Virginia, the UK, Italy, France, Germany, Poland, Mexico, and China, is an ISO 9001 certified company. For additional information, contact P-Com at: P-Com, Inc. 3175 S. Winchester Boulevard, Campbell, CA 95008, USA. TEL: 408/866-3666 FAX: 408/866-3655
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Contact:
P-Com, Inc.
Michael Sophie, 408/866-3666 |
