Agere Systems Signs Young Design, Inc. as OEM Source for ORiNOCO-TM- Wireless Networking Systems.Business Editors/High Tech Writers ALLENTOWN, Pa.--(BUSINESS WIRE)--Sept. 25, 2001 Agere Systems Agere Systems Inc. was an integrated circuit components company based in Allentown, Pennsylvania, in the Lehigh Valley region of Pennsylvania, in the United States. Effective April 2, 2007, it was merged into LSI Corporation. (NYSE NYSE See: New York Stock Exchange : AGR AGR advanced gas-cooled reactor .A) today announced that it has appointed Young Design, Inc. (YDI YDI Youth Development Initiative YDI Youth Development International ) of Falls Church, Virginia Falls Church is an independent city in Virginia, United States. The population was 10,377 at the 2000 census. This city is a part of the Washington Metropolitan Area. A much larger number of people reside in Greater Falls Church as a source for its Wi-Fi(tm) compatible wireless networking system products for original equipment manufacturers (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 ) in North America, Central America, South America, and the Caribbean region. YDI will provide wireless local area networking (LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. ) products and services for small- and medium-sized OEM customers, many of which are start-ups and emerging companies. Agere will continue to service the wireless LAN needs of its large-volume OEM customers directly. Under the agreement, YDI has the right to sell a number of Agere's integrated wireless infrastructure and client products to OEM customers, including Agere's PC cards, MiniPCI devices, USB USB in full Universal Serial Bus Type of serial bus that allows peripheral devices (disks, modems, printers, digitizers, data gloves, etc.) to be easily connected to a computer. Client devices, Residential Gateways, and Access Points. In addition, YDI can offer certain Agere Wi-Fi products under its own "Go Wireless Data" private label. YDI will supply a broad range of OEM services that enable the incorporation of Agere wireless LAN technology into new and existing product offerings. In addition to embedded solutions, YDI will provide customized software and product labeling, as well as specialized modifications to WLAN See wireless LAN. WLAN - wireless local area network systems enabling efficient performance with unique or proprietary operating systems. "This relationship with YDI supports our strategy of meeting the demands of a wider set of customers," said George Holmes, vice president of North America Sales for Agere Systems. "Together, YDI and Agere can ensure that our customers receive the highest quality of service and support they require for their wireless networking systems." "The combination of two industry leading offerings, Agere wireless LAN products and YDI's services, will bring customers the total solution they require as they look to provide wireless data networking products," said Robert Fitzgerald, 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. of YDI. "This agreement greatly enhances our ability to deliver world-class solutions to a broad spectrum of customers." Agere provides a complete product line of wireless networking and Internet access systems for homes, small offices, enterprises, service providers, indoor and outdoor environments, as well as for security-sensitive applications. More information about Agere Systems' wireless networking products is available at http://www.orinocowireless.com or at 1-866-ORiNOCO for callers within the United States and +610-712-8081 for international callers. About Agere Systems Agere Systems is the world's No.1 provider of components for communications applications with leadership in optical components and integrated circuits. This dual capability uniquely positions Agere to deliver integrated solutions that form the building blocks for advanced wired, wireless, and optical communications networks. Agere also designs and manufactures a wide range of semiconductor solutions used in electronic devices including cellular phones, modems, and hard disk drives for personal computers and workstations. In addition, the company supplies complete wireless computer networking solutions through the ORiNOCO(tm) product line. More information about Agere Systems is available from its Web site at http://www.agere.com About YDI YDI is a world leader in providing license free wireless data solutions. YDI offers custom software and hardware configurations for applications such as embedded devices, wireless Internet and devices employing unique operating systems. YDI is highly regarded for its ability to provide workable solutions when no one else can. In addition to being a manufacturer of industry leading equipment, YDI also offers solutions incorporating Agere Systems' Wi-Fi/ IEEE (Institute of Electrical and Electronics Engineers, New York, www.ieee.org) A membership organization that includes engineers, scientists and students in electronics and allied fields. 802.11b WLAN equipment to large volume OEM customers. For more information on YDI and its products, please visit the company's website located at www.ydi.com. This release contains forward-looking statements based on information available to Agere as of the date hereof. Agere's actual results could differ materially from those results stated or implied by such forward-looking statements due to a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, completion of the distribution of Agere stock by Lucent Technologies Inc., price and product competition, keeping pace with technological change, dependence on new product development, reliance on major customers and suppliers, customer demand for our products and services, availability of manufacturing capacity, components and materials, control of costs and expenses, timely completion of employment reductions and other restructuring activities, general industry and 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. and general domestic and international economic conditions including interest rate and currency exchange rate fluctuations. For a further discussion of these and other risks and uncertainties, see the prospectus filed by Agere with the Securities and Exchange Commission on March 28, 2001, and the company's report on Form 10-Q Form 10-Q See 10-Q. for the quarterly period ended March 31, 2001. Agere 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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