Amplidyne receives development order for wireless local loop amplifiers.SOMERSET, N.J.--(BUSINESS WIRE)--June 16, 1997--Amplidyne Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AMPD AMPD Alisveris Merkezleri ve Perakendeciler Dernegi (Turkish Council of Shopping Centers and Retailers) AMPD Adenosine Monophosphate Deaminase AMPD Average Miles Driven Per Day AMPD Atomic and Molecular Physics Division , AMPDW), a manufacturer of 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. amplifiers, today announced that the company has received a contract to develop a small quantity of wireless local loop amplifiers. The company expects the units will be shipped within the third quarter to this key customer. The company expects production orders to begin in the fourth quarter. The company's customer has provided information forecasting the proposed usage of this equipment which could result in the increase of production orders for the company during fiscal 1997 and through the fiscal year of 1998. In anticipation of the company's expected increasing needs for large scale manufacturing, the company has hired Leonard Edwards as the new production manager. Edwards is a former employee of ITT ITT Initial Teacher Training (UK) ITT I Think That ITT Invitation To Tender ITT Individual Time Trial (professional cycling) ITT Intention-To-Treat ITT In This Thread (forums) Avionics, where he successfully achieved a high level of manufacturing efficiency. Devendar S. Bains, the president, chief executive officer and chairman of Amplidyne am·pli·dyne n. A rotating magnetic amplifier with specialized windings that allow small changes in power input to produce large changes in power output. [Originally a trademark.] Inc. stated "Amplidyne Inc. continues to make progress in its endeavors to become a leading supplier of amplifiers to 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. and wireless local loop markets. This new development indicates the continued confidence placed in Amplidyne's ability to manufacture large quantities of amplifiers for the emerging wireless local loop market. The edition of Mr. Edwards to the company's staff will enable the company to become a world class manufacturing operation, which is a key element required to service the needs of the growing wireless communications market." Amplidyne Inc. designs, manufactures and sells ultra linear 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 related subsystems to the worldwide wireless telecommunications market. These single and multicarrier linear power amplifiers, which are a key component in cellular base stations, increase the power of radio frequency and microwave signals with low distortion. The company's products are marketed to the cellular, wireless local loop and PCS segments of the wireless telecommunications industry. Certain information contained in this press release is forward-looking. Actual results might differ matererially from the 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. contained in this press release. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are changes in specifications requested by the customer, changes in purchase orders, cancellations of purchase orders due to rapid technological changes or the customer's failure to meet its forecasted use, new product development and product obsolescense. CONTACT: Amplidyne Inc. Sharon Will, 212/688-2950 |
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