To: jeffbas who wrote (984 ) 5/17/1999 12:41:00 PM From: Rob Preuss Respond to of 1250
Monday May 17, 10:03 am Eastern Time Company Press Release CMC Industries Announces Relationship to Manufacture Fixed Wireless Terminals for Telular Corporation SANTA CLARA, Calif.--(BUSINESS WIRE)--May 17, 1999--CMC Industries, Inc. (NASDAQ: CMCI - news) and Telular Corporation (NASDAQ: WRLS - news) today jointly announced the initiation of a manufacturing relationship in which CMC's Corinth, MS facility will produce certain fixed wireless terminals for Telular. ''Telular Corporation is an exciting opportunity for us,'' said Matthew Landa, President & Chief Executive Officer of CMC Industries. ''CMC has carved out a strong niche in the area of high frequency (RF) and wireless manufacturing and test. Telular's leading fixed wireless products are a perfect match with CMC's capabilities. We look forward to a dynamic working relationship with Telular.'' ''CMC is a high quality rapid response business partner to Telular. Their quick response has enabled us to gain additional volumes from key customers. CMC's multi-plant operation permits our products to be manufactured closer to key customers, and enhances our scalability,'' Kenneth E. Millard, president and chief executive officer of Telular Corporation stated. Telular's proprietary telecommunications interface technology enables standard phone systems, fax, computer modem or monitored alarm systems to utilize available cellular wireless service for either primary or back-up communications. Products developed and marketed by Telular include the Phonecell® and Teleguard® lines. ABOUT CMC INDUSTRIES, INC. Headquartered in Santa Clara, Calif., CMC Industries is a leading provider of electronics manufacturing services to original equipment manufacturers in the telecommunications, data communications, computer and electronics industries. The company has operations in Corinth, Miss.; Santa Clara, Calif.; Hermosillo, Mexico; Huntsville, Ala.; and Taipei, Taiwan. For further company information, visit CMC at cmcindustries.com or e-mail us at sales@cmcmfg.com. For Investors information e-mail CMC at invrelations@cmcind.com The matters set forth in this news release may contain forward-looking statements. Actual results may differ materially from those described herein and are dependent on certain risks and uncertainties including, but not limited to, the timing and magnitude of orders from customers with projects currently in development as well as continued orders and growth in orders from customers already in volume production, the ability of the Company to accurately forecast the timing and magnitude of future customer orders and appropriately adjust its expenditures in respect thereof, changes in customer mix and volume, competition, component availability, inventory obsolescence, business conditions in the general economy as well as the industries in which the Company and the Company's customers compete and other risk factors such as those detailed in the Company's SEC reports. Contact: CMC INDUSTRIES, INC. Brian Throneberry, 256/539-8110 ext. 222 sales@cmcmfg.com or Andrew Moley, 408/982-9999 ext. 503 (IR) invrelations@cmcind.com