ADC, PCS Wireless Form PCS Solutions; Joint venture agreement approved, new company named.Telecommunications, Inc. (ADC (1) See A/D converter. (2) (Apple Display Connector) A peripheral connector from Apple that combines digital video display, USB and power in one cable. ), announced today the formation of a 50/50 joint venture company with PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. Wireless, Inc., Vancouver, British Columbia. The newly formed company, PCS Solutions LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , will be headquartered in the U.S., with all engineering operations located in Vancouver. PCS Solutions is being capitalized at US$5 million, with guaranteed further contributions by the partner companies. ADC has also agreed to purchase five million shares, or 15 percent, of PCS Wireless at approximately market value. Jack Reily, Vice President of Business Development, ADC, and Ralph Scobie, PCS Wireless President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , will serve as members of PCS Solutions' board of directors. PCS Solutions will develop, manufacture and sell remote antenna drivers (RADs) and remote antenna signal processors (RASPs) for use world-wide in deploying emerging wireless personal communications services See PCS. (PCS) over cable television (CATV (Community Antenna TV) The original name for cable TV. It used a single antenna at the highest location in the community in order to deliver a quality signal to homes in areas with hilly terrain or other interference. ) and hybrid fiber/coax (HFC 1. (networking) HFC - Hybrid Fiber Coax. 2. (hardware) HFC - hydrofluorocarbon. ) networks. PCS Solutions will draw from ADC's CATV field engineering expertise, marketing resources and manufacturing capabilities. PCS Wireless will contribute product development resources and its established customer relationships. "The blending of resources from the two partner companies assures PCS Solutions of a unified focus on the opportunities that this exciting new market has to offer," stated Jack Reily of ADC. "The strategic association between ADC, with its well respected technology and market strengths, and PCS, with its innovative RAD/RASP technology, ensures a solid position for the launch of this new joint venture," said Ralph Scobie of PCS Wireless. By incorporating the RAD/RASP architecture into CATV and hybrid fiber/coax networks, such as ADC's Homeworx(TM) HFC system, PCS Solutions can provide the quickest and most cost-effective way for PCS wireless license holders to implement PCS delivery. PCS Solutions will provide products and support services to wireless network vendors offering new 1900 MHz systems; these RAD/RASP products will support both CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. and PCS1900 digital air interfaces. In addition to the joint venture, ADC has signed a non-exclusive agreement with PCS Wireless, which will supply cellular and 1.9 GHz microcell extender (MEX MEX Mexico MEX Microsoft Exchange MEX Materials Exchange (Recycling Council of British Columbia) MEX Military Exchange MEX Mobile Exploration System MEX Mesopelagic Export Flux MEX Mesopelagic Export Mooring ) and base station extender (BEX) products to ADC. The agreement grants ADC the right to market the products worldwide, as well as provides ADC with the option to manufacture the products pursuant to a licensing agreement. The MEX/BEX technology enhances the capability of digital fiber-optic microcell systems to provide service in demanding, high-usage environments. PCS Wireless, Inc., is recognized as a leader in the design of distributed antenna arrays (DAAs) for cellular and PCS telecommunications systems. Cable television network-based DAAs include the RAD/RASP platforms, targeted for outdoor wide-area use. Dedicated coax-based DAAs include base station extenders (BEX) and microcell extenders (MEX), targeted for in-building use. ADC Telecommunications, Inc., is a leading supplier of transmission and networking systems used to deliver voice, data and video services. The company holds a preeminent market position in physical connectivity products for wireless, fiber-optic, twisted-pair and coaxial networks. Wholly owned business units include ADC Video Systems, ADC Fibermux, ADC Kentrox and AOFR AOFR Assumption of Financial Responsibility . The company also operates international business units in Australia, Belgium, Canada, China, England, Mexico, Singapore and Venezuela. Revenues for fiscal year 1995 were $586.2 million. Homeworx is a trademark of ADC Telecommunications, Inc. CONTACT: ADC Lynne High, 612/946-3136 or PCS Wireless Scott Rose, 604/689-7722 or PCS Solutions Guylain Roy, 604/689-7722 |
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