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: nord who wrote (2146)	1/14/1999 6:23:00 AM
From: nord	Read Replies (1) \| Respond to of 4400

F O R . I M M E D I A T E . R E L E A S E SPECTRUM SIGNAL PROCESSING SELECTED AS PREFERRED 'C6x VENDOR FOR ONGOING PROGRAM AT U.S. DEPARTMENT OF DEFENSE Spectrum estimates the total revenue potential for this program over the next two years at US$8 million. RELEASE DATE: January 14, 1999 CONTACT: Karen Elliott, Spectrum - Investor Communications, 604-421-5422 Email: Karen_Elliott@spectrumsignal.com SPECTRUM SIGNAL PROCESSING SELECTED AS PREFERRED 'C6x VENDOR FOR ONGOING PROGRAM AT U.S. DEPARTMENT OF DEFENSE Burnaby, B.C., Canada - January 14, 1999 -- Spectrum Signal Processing Inc. (NASDAQ NMS: SSPIF / TSE:SSY), the industry leader in high performance DSP systems, today announced that the U.S. Department of Defense has chosen Spectrum to supply 'C6x-based DSP products and digital radio modules for several contracts under one significant, ongoing program. Prior to being notified of its selection, Spectrum had already shipped US$ 2.6 million of product to its customer, announced as part of several smaller design-wins on August 31, 1998. At the end of December, Spectrum received a new order for US$ 1 million and shipped the majority of this order prior to year end with the balance to be shipped in the first quarter of 1999. Spectrum estimates the total revenue potential for this program over the next two years at US$8 million. Regards Norden "Our customer at the U.S. Department of Defense undertook a market survey and technical analysis of several companies to select a vendor and a standard 'C6x platform. We are very pleased that Spectrum's Monaco VME system solution, based on Texas Instruments' (NYSE: TXN) TMS320C62x chip, was chosen as the standard platform. We feel that our superior technology, commitment to quality and reliability as a supplier were major contributing factors to our customer's decision," said Brian Lowe, VP Sales, Spectrum Spectrum Signal Processing is the leading worldwide supplier of DSP system solutions. The company offers DSP software, off-the-shelf hardware, custom ASIC design and complete custom systems. Customers such as Nortel, Boeing, Hewlett Packard, Northrop Grumman, NEC, Daewoo Telecom, Siemens Medical Systems, the US Department of Defense and Lockheed Martin benefit from Spectrum's innovative, programmable DSP products, by gaining competitive advantages such as faster time to market and low-cost feature set upgradeability. Spectrum Signal Processing is ISO9001 quality certified, can be found on the web at spectrumsignal.com, and is located at #100 - 8525 Baxter Place, Burnaby, B.C., Canada. ph (604) 421-5422; fax (604) 421-1764.