Agilent Technologies to Acquire NetworkFab, a Developer of Advanced Signal Intelligence and Communications Systems.SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif. -- Agilent Technologies This article needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. Inc. (NYSE NYSE See: New York Stock Exchange :A) and NetworkFab Corp. today announced that they have signed a definitive agreement for NetworkFab to join Agilent. Privately held NetworkFab designs and builds advanced signal intelligence, communications and jammer systems for the U.S. military, intelligence agencies and law enforcement groups. The transaction is subject to various standard closing conditions and is expected to close in 30 to 60 days. Financial details were not disclosed. NetworkFab's core competencies are in radio frequency communications, including direction finding, jamming, antenna design, networking, software design and custom systems engineering. When the acquisition is final, NetworkFab will become a key part of Agilent's recently formed Signal Networks Division, specifically targeted to aerospace/defense. Agilent has a long history of market leadership in the test and measurement industry, including aerospace/defense. By acquiring NetworkFab, Agilent will expand its presence in operational environments to support U.S. government prime contractors. "NetworkFab will bring world-class talent and state-of-the-art technologies to Agilent, strengthening our presence in the aerospace/defense market," said Tom Burrell, vice president and general manager of Agilent's Signal Networks Division. "We look forward to becoming a more significant supplier of SIGINT Noun 1. SIGINT - intelligence information gathered from communications intelligence or electronics intelligence or telemetry intelligence signals intelligence and EW subsystems, and NetworkFab will help us become a major player in this market." "We are very excited to join Agilent and be part of one of the perennial Silicon Valley companies, with a great history and reputation," said Rick Lu, 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. of NetworkFab. "Agilent's engineering and technology-driven culture is a good match with NetworkFab's corporate culture. The acquisition will help us accelerate our products and technologies to market, and continue to serve our important government, military and intelligence customers. We will have a stronger market positioning to win both larger, and greater numbers, of jobs." More information about NetworkFab is available at www.networkfab.com. About NetworkFab NetworkFab Corp., based in Santa Clara, Calif., builds state-of-the-art signal intelligence, direction finding, communications and electronic warfare Noun 1. electronic warfare - military action involving the use of electromagnetic energy to determine or exploit or reduce or prevent hostile use of the electromagnetic spectrum EW military action, action - a military engagement; "he saw action in Korea" systems for military groups, intelligence agencies and law enforcement groups. The company provides off-the-shelf products and can also rapidly develop custom solutions. NetworkFab was founded in 2000. About Agilent Technologies Agilent Technologies Inc. (NYSE:A) is the world's premier measurement company and a technology leader in communications, electronics, life sciences and chemical analysis. The company's 19,000 employees serve customers in more than 110 countries. Agilent had net revenue of $5.0 billion in fiscal year 2006. Information about Agilent is available on the Web at www.agilent.com. 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. This news release contains forward-looking statements as defined in the Securities Exchange Act of 1934 and is subject to the safe harbors 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. created therein. The forward-looking statements contained herein include, but are not limited to, information regarding NetworkFab's technological expertise and its enhancement of our product portfolio, information regarding the contribution NetworkFab would make to Agilent's ability to address customer demands, and the ability of Agilent to provide improved products, services and support to its customers following the closing. These forward-looking statements involve risks and uncertainties that could cause Agilent's results to differ materially from management's current expectations. Such risks and uncertainties include, but are not limited to risks associated with the ability to effectuate ef·fec·tu·ate tr.v. ef·fec·tu·at·ed, ef·fec·tu·at·ing, ef·fec·tu·ates To bring about; effect. [Medieval Latin effectu the acquisition on a timely basis, risks associated with changes in demand for Agilent's and NetworkFab's products, risks associated with the timing of completion of the acquisition, and risks associated with the development generally of Agilent's overall strategic objectives. In addition, other risks that Agilent faces in running its operations include the ability to execute successfully through business cycles; ongoing competitive, pricing and gross margin pressures; the impact of geopolitical ge·o·pol·i·tics n. (used with a sing. verb) 1. The study of the relationship among politics and geography, demography, and economics, especially with respect to the foreign policy of a nation. 2. a. uncertainties on our markets and our ability to conduct business; the ability to improve asset performance to adapt to changes in demand; the ability to successfully introduce new products at the right time, price and mix; and other risks detailed in Agilent's filings with the Securities and Exchange Commission, including its Annual 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 period ended Oct. 31, 2006 and its Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the period ended April 30, 2007. Forward-looking statements are based on the beliefs and assumptions of Agilent's management and on currently available information. Agilent undertakes no responsibility to publicly update or revise any forward-looking statement. NOTE TO EDITORS: Further technology, corporate citizenship Corporate Citizenship The extent to which businesses are socially responsible in meeting legal, ethical and economic responsibilities placed on them by shareholders. The aim it to create higher standards of living and quality of life in the community in which it operates, while and executive news is available on the Agilent news site at www.agilent.com/go/news. |
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