$3.1 Billion Huawei Technologies Buys First QualMark Chamber.Business Editors DENVER--(BUSINESS WIRE)--April 24, 2002 QualMark Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : QMRKC) today announced a six-figure sale of an OmniAxial Vibration System (OVS OVS Open Video System OVS Office of Victim Services OVS Ojai Valley School (Ojai, CA, USA) OVS Oranje-Vrystaat (Orange Free State, South African Province) OVS Open Video Services OVS Overboard Vent System (TM)) Typhoon typhoon: see hurricane. 4.0 chamber to Huawei Technologies, one of the largest telecommunications equipment makers in China. Founded in 1988, Huawei employs over 22,000 employees and spends about 10% of its revenue on product development. "Receiving this order from Huawei offers QualMark an opportunity to increase its reach into China and the exploding technology market in that country. Huawei Technologies dedicates more than 10,000 engineers, or 46.5% of its workforce, to research and development. It is our belief that their orientation to product research and quality will lead to the sale of other QualMark products to Huawei," said Charles Johnston Charles Johnston can refer to several people:
About Huawei Technologies Founded in 1988 and headquartered in Shenzhen, China, Huawei Technologies (www.huawei.com) is a private high-tech enterprise fully owned by its employees. Huawei specializes in research and development (R&D), production and marketing of telecommunications equipment. Huawei products have been put into application in over 40 countries and regions including China, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Thailand, Singapore, Brazil, Kenya, Russia, Germany and the USA. Among Huawei's 22,000 employees, 45 percent are engaged in R&D. Each year, Huawei invests no less than 10 percent of its revenues into R&D. About QualMark Corporation QualMark Corporation, headquartered in Denver, Colorado is a leader in designing, marketing, and manufacturing accelerated life-testing systems, providing America's largest corporations with products that improve product reliability and allow them to get to market faster. The Company has installed more than 450 of its proprietary testing systems in 18 countries and operates four of its own testing and consulting facilities in Denver, CO., Santa Clara Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif., Hopkinton, Mass., Huntington Beach, Calif., and Winter Park, Fla. In Detroit, Mich., the Company has a strategic alliance with a large testing facility. QualMark has also formed international ARTC ARTC Arthrocare Corp (stock symbol) ARTC Australian Rail Track Corporation ARTC Air Route Traffic Control ARTC Association de la Recherche Theatrale au Canada ARTC Andean Root and Tuber Crops alliances in Ireland, the Netherlands, Italy, France and Sweden. The Company also offers engineering services and products that complement the core technologies of QualMark and other test equipment providers. The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, factors detailed in the Company's Securities and Exchange Commission filings; downturns in the Company's primary markets; variability of order flow, future economic conditions; competitive products and pricing; new product development; disruptions in the Company's operations from acts of God or extended maintenance; transportation difficulties; or the delivery of product under existing contracts and other factors. |
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