Alpha Increases Asian Sales and Engineering Presence With Opening of Hong Kong Office; Company Targets Emerging Semiconductor Module Business in China, Taiwan.Business/Technology Editors WOBURN, Mass--(BUSINESS WIRE)--June 12, 2001 Alpha Industries Alpha Industries is a clothing manufacturer founded in 1959 in Knoxville, Tennessee. The company makes items such as flight jackets and vests, and has made jackets for the military of the United States like the M65 Jacket. Two models are the MA-1 and CWU-45/P pilot jackets. , Inc. (Nasdaq: AHAA AHAA Association of Hispanic Advertising Agencies AHAA American Hearing Aid Associates AHAA Adolescent Health and Academic Achievement Study ) today announced it has opened an office in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , expanding the Company's international sales reach to original equipment manufacturers (OEMs), contract manufacturers and original design manufacturers (ODMs) in Asia. "This location provides a platform to serve customers in China and elsewhere in Asia," said Bruce Usinowicz, Alpha's Director of Asia Pacific Sales. "We anticipate accelerating demand in the region for Alpha's integrated modules for wireless handsets, as well as for GaAs integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. and other components used in base stations and cable TV set-top boxes The cable TV box that sits on "top" of the TV "set," although it is often located several feet away in an equipment rack. The set-top box descrambles the premium channels and provides a tuner for the higher cable numbers that very old TVs did not support. ." Overlooking Hong Kong Harbor in the city's Pacific Place section, the office is staffed by newly hired sales and applications engineering personnel. Their role will be to increase the Company's sales in this critical part of the world by providing design, applications and logistics support to new and existing customers. In addition to Hong Kong, the office will serve customers in Korea, Mainland China, Malaysia, Singapore and Taiwan. "Asia is a key market center for Alpha customers and end-use consumers," Usinowicz said. "In China, for example, there are more than 100 million mobile phone subscribers, making it the second largest mobile phone market behind the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Yet that 100 million represents only about eight percent of China's total population, which gives you a sense of the opportunity available to Alpha. "This sales expansion puts us closer to existing and prospective contract manufacturing and ODM (Original Design Manufacturer) A contract manufacturer that uses its own designs and intellectual property (IP). See contract manufacturer. customers," Usinowicz said. "For example, Taiwan, which had virtually no handset production as recently as 1998, is expected to account for about 10 percent of the total production in 2001. Proximity to our customers and to the world's fastest growing end-use market make this entry into Asia a strategic move for Alpha." About Alpha Alpha Industries is a leading provider of RF integrated circuit-based solutions, including semiconductors and ceramic components, for the broadband and 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. markets. Alpha's switches, power amplifiers Power amplifier The final stage in multistage amplifiers, such as audio amplifiers and radio transmitters, designed to deliver appreciable power to the load. and discrete semiconductors are used by the world's leading broadband, infrastructure and wireless communications companies to enhance the speed, quality and performance of voice, data and video. The Company's Alpha Integration Platform(TM) (aiIP(TM)) is a breakthrough manufacturing, packaging and design technique that reduces design complexity and improves the OEM's overall time to market for new products. For more information, please visit Alpha's Web site, www.alphaind.com. 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 - Except for the historical information contained herein, statements in this news release related to Alpha's opening of a Hong Kong sales office are 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. that reflect the Company's current intentions, expectations and predictions of future results, accomplishments and other matters, all of which are inherently subject to risks and uncertainties. The Company's actual results may differ materially from those anticipated in the Company's forward-looking statements, based on various factors. Such factors include, but are not limited to: cancellation or postponement of customer orders, inability to predict customer orders, the disproportionate impact of the Company's business relationships with its larger customers, variations in the timing of new product development and market acceptance, difficulty manufacturing products, including the Company's new switch/filter products, in sufficient quantity and quality, difficulty completing the Company's planned capital investments and process improvements, erosion of selling prices or margins, modification of the Company's plans or intentions, and market developments, competitive pressures and changes in economic conditions that vary from the Company's expectations. Additional information on these and other factors that may cause actual results and the Company's performance to differ materially is included in the Company's periodic reports filed with the SEC, including but not limited to the Company's 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 year ended April 2, 2000, and subsequent Forms 10-Q. Copies may be obtained by contacting the Company or the SEC. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company's expectations or any change in events, conditions or circumstance on which any such statement is based. |
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