AML Communications Receives Orders Totaling $470,000 for Wireless Equipment; New Contracts Increase Backlog to Record $3.5 Million.CAMARILLO, Calif.--(BUSINESS WIRE)--Jan. 8, 1998--AML Communications Inc. (Nasdaq:AMLJ) Thursday announced that it has received two separate orders totaling approximately $470,000 for cellular communications equipment that will be used by an original equipment manufacturer (OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and ) serving the South American wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. market and by Lucent Technologies. With these new contracts, the company's total backlog for orders of wireless infrastructure products has increased to approximately $3.5 million. The contracts include advanced versions of the company's multicarrier power amplifiers and receiving multicouplers and are follow-on orders from both customers. Shipments associated with both new contracts are expected to be completed by March 31, 1998, the close of AML's fiscal year. Jacob Inbar, chairman and chief executive officer, commented on the orders, saying: "We have started the new year on a positive note. Our backlog has increased, and we continue to expand our relationships with two of our major customers. We are pleased that AML's marketing strategy, which is to broaden our customer base to include OEM customers, both domestically and internationally, and to maintain and continue to develop our existing customer base, is having positive results as we enter the fourth quarter of fiscal 1998." Inbar noted that the record backlog does not include sales to Asia. This backlog represents approximately 31 percent of annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenue based on a rolling 12 months. Historically, the company has operated with a relatively small amount of backlog as a result of marketing its products directly to cellular operators. AML AML - A Manufacturing Language Communications designs, manufactures and markets multicarrier amplifiers and masthead mast·head n. 1. Nautical The top of a mast. 2. The listing in a newspaper or periodical of information about its staff, operation, and circulation. 3. amplifiers for the cellular, 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. , paging and satellite communication markets. -0- The information contained in this news release contains certain forward-looking statements that involve risk and uncertainties, such as the statements of the company's plan, objectives, expectations and intentions. The company's actual results could differ materially from those indicated by such statements as a result of various factors, including those discussed in the company's Form 10-KSB and Form 10-QSB on file with the Securities and Exchange Commission. CONTACT: AML Communications Inc., Camarillo Kirk A. Waldron, 805/388-1345 ext. 201 or Pondel Parsons & Wilkinson, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Michael Pollock Admiral of the Fleet Sir Michael Patrick Pollock, GCB, LVO, DSC (19 October 1916 – 27 September 2006) was a British officer in the Royal Navy who rose to become First Sea Lord from 1971 to 1974. or Cecilia Wilkinson, 310/207-9300 |
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