ADC Expands its Software Operations in India; Office to Support Growing ADC Customer Base.Business Editors/High-Tech Writers MINNEAPOLIS--(BUSINESS WIRE)--April 2, 2003 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. (Nasdaq:ADCT ADCT Adaptive Discrete Cosine Transform )(www.adc.com) announced today that it is expanding its billing and customer care operations in Bangalore, India. Designed to establish a center of excellence, this strategic expansion will not only support ADC's increasing customer base in the country, but will also reinforce its commitment to its growing partner operations both in India and the surrounding Asia Pacific region. Building on its successful relationship with Reliance Infocomm, ADC has identified India as one of the fastest growing markets in billing and customer care applications and will use this expansion as a catalyst to increasing its skills base and services in the region. "The initiative generated interest beyond our expectations and we were impressed with the high calibre of skilled engineers who expressed their interest in our efforts," said Bernie Woodcroft, vice president of consulting services in the Asia Pacific region for ADC's Software Systems Business Unit. "Bangalore is an ideal location for this expansion. It's experiencing rapid growth in the IT industry there, and it is home to some very talented IT and telecommunications business experts. Tapping into this proficiency gives ADC the opportunity to create a world-class center of excellence for billing. "The success of Singl.eView(TM) and our other OSS Oss (ôs), city (1994 pop. 62,141), North Brabant prov., S Netherlands; chartered 1399. It is a significant industrial center. Manufactures include meat products, chemicals, pharmaceuticals, electrical equipment, and metalware. products has generated a lot of enthusiasm in India and throughout the region, and this office will allow us to better serve our customers," Woodcroft said. "Among other things, it improves our global reach and puts us in a better position to work with our partners in the region. More importantly, it gives us the foundation for growth through India and the surrounding region." ADC's Singl.eView continues to enjoy success in the Asia Pacific region across a diverse range of customers that include Reliance Infocomm in India, Hutchison 3G, PLDT PLDT Philippine Long Distance Telephone Company Philippines, TOT Thailand, Optus, and Virgin Mobile Australia Virgin Mobile Australia (VMA) is a mobile phone company based in Sydney, Australia. They sell through over 3500 retail outlets, including Allphones and Telechoice, as well as their own retail stores in Sydney, Melbourne and Brisbane, as well as via telesales and web-based stores. . Singl.eView is a single application framework for real-time revenue, transaction, billing and service management, regardless of business model or service type. More information on Singl.eView and ADC's suite of operations support system (OSS) software can be found on the web at www.adc-oss.com. About ADC ADC is The Broadband Company(TM). ADC offers high-quality, value-added solutions of network equipment, software and systems integration services that enable communications service providers to deliver high-speed Internet See broadband. , data, video and voice services to consumers and businesses worldwide. ADC (Nasdaq:ADCT) has sales into more than 100 countries. Learn more about ADC Telecommunications ADC Telecommunications (NASDAQ: ADCT) is a communications company located in Eden Prairie, Minnesota, a southwest suburb of Minneapolis. History In 1935, Ralph Allison founded ADC Telecommunications in the basement of his south Minneapolis home, inventing ADC's very , Inc. at www.adc.com. Cautionary Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 All forward looking statements contained herein, particularly those pertaining to ADC's expectations or future operating results, reflect management's current expectations or beliefs and are 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 the Private Securities Litigation Reform Act of 1995. ADC Telecommunications cautions readers that future actual results could differ materially from those in forward-looking statements depending on the outcome of certain factors. All such forward-looking statements are subject to certain risks and uncertainties, including, but not limited to, overall demand for ADC's products or services; the demand for particular products or services within the overall mix of products sold, as our products and services have varying profit margins; the availability of materials to make products; changing market conditions and growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. either within ADC's industry or generally within the economy; volatility in the stock market, which may affect the value of ADC's stock or the stock ADC owns in other publicly held companies in the communications industry communications industry, broadly defined, the business of conveying information. Although communication by means of symbols and gestures dates to the beginning of human history, the term generally refers to mass communications. ; new competition and technologies; increased costs associated with protecting intellectual property rights; the impact of customer financing activities; ADC's ability to successfully integrate the operations of acquired companies with ADC's historic operations; ADC's ability to complete our restructuring initiative and streamline our operations successfully; retention of key employees; fluctuations in ADC's operating results; pressures on the pricing of the products or services ADC offers; and other risks and uncertainties, including those identified in Exhibit 99-a to ADC's Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended October 31, 2002. ADC disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. |
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