APW Ltd. Announces Preferred Supplier Status Deal With Ericsson.Business Editors NOTE TO MEDIA: Photo is available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com WAUKESHA, Wis.--(BUSINESS WIRE)--Nov. 22, 2000 APW APW All Pro Wrestling APW Altmar Parish Williamstown (School District; Parish, New York) APW Add-Printer Wizard (Microsoft Windows) APW Augmented Plane Wave APW Apparent Polar Wander Ltd. (NYSE NYSE See: New York Stock Exchange :APW) announced today that they will enter into a long-term preferred supplier agreement with Ericsson for global shelter solutions. This transaction provides an expedient process to support Ericsson's strategic initiative to offer the leading innovative shelter solution in the market for 3G wireless technologies. The preferred supply agreement is the alternative transaction to the previously announced divesture Di`ves´ture n. 1. Divestiture. strategy (May 23, 2000). It is the decision of Ericsson to retain the shelter integration sites and not transfer ownership at this time. Under this strategy, APW would accelerate activities, in close cooperation with Ericsson, to create an optimized integrated shelter solution that meets the needs of wireless infrastructure providers and telecommunications operators. Richard Sim commented, "We are extremely pleased with the success of our shelter design, manufacturing and integration business within the UK. With customers like BT Cellnet, BT Airwave, Orange, Vodafone and Fujitsu, we are experiencing extraordinary growth in our shelter business. We are committed to expanding our leadership position as the total infrastructure solution provider for the wireless market. We view the endorsement of being a preferred supplier to Ericsson for their 3G strategy as further affirmation of the global depth and breadth of our capabilities." About APW Ltd. APW Ltd. is a technically enabled manufacturing services ("TEMS TEMS Terrestrial Ecosystem Monitoring Sites TEMS Tactical Emergency Medical Support TEMS Toyota Electronic Modulated Suspension TEMS Tactical Emergency Medical Services (EMS) TEMS Total Electronic Migration System ") company that designs and manufactures large, complex infrastructure products for OEM's in the communications, computing and Internet markets. APW Ltd. has particular skills in the areas of manufacturing enclosures, thermal management, power supplies and backplanes; as well as core competencies in product and system design, integration and supply chain management. APW Ltd. operates in over 40 locations throughout the Americas, Europe and Asia. 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. Statement Certain of the above comments represent forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. made pursuant to the provisions of 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. Management cautions that these projections are based on current estimates of future performance and are highly dependent upon a variety of factors, which could cause actual results to differ from these estimates. APW Ltd.'s results are also subject to general economic conditions, continued market acceptance of the Company's new product introductions, the successful integration of recent acquisitions, operating margin Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: risk due to competitive pricing, foreign currency fluctuations and interest rate risk. See our Form 10 filing for information on risk factors. Note: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.112200/bb5 |
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