Andrew Announces Distribution Agreements with Ericsson, Nokia and Samsung.Business Editors ORLAND PARK Or·land Park A village of northeast Illinois, a residential and manufacturing suburb of Chicago. Population: 53,300. , Ill.--(BUSINESS WIRE)--March 13, 2002 Andrew Corporation (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 :ANDW) has entered into distribution agreements with Ericsson, Nokia, Motorola and Samsung. Under these agreements, Andrew will distribute a full line of 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 branded accessories to all customers as well as new distribution channels. This move further strengthens the company's strong wireless accessories business. In 2001, Andrew wireless accessories sales grew 21% to account for 8% of Andrew Corporation's total 2001 sales of $1.049 billion. "The agreements further our relationships with these major global handset manufacturers and give our customers an expanded line of accessories to offer their customers," said Tim Williams, Andrew Corporation Vice President Accessories and Business Development. "And, they will significantly enhance Andrew's aftermarket accessory product line." The Ericsson, Nokia, and Samsung accessory products will be packaged either in private label packaging for wireless service providers or in jointly branded packaging with the Andrew and the manufacturer's logo added. Andrew Corporation's wireless products division provides accessories, hands-free solutions, and mobile antennas for 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. , SMR (Specialized Mobile Radio) The communications services used by police, ambulances, taxicabs, trucks and other delivery vehicles. Throughout the U.S., approximately 3,000 independent operators are licensed by the FCC to offer this service, which provides always-on and paging devices. The Andrew wireless accessories range includes: portable hands-free kits and headsets; car adapters; mobile antennas; batteries and chargers; in-vehicle phone mounts and cradles; integrated vehicular cellular and GPS antennas; coaxial cable assemblies; office/home speakerphones; and Extensis(TM), the product that allows the user to connect their wireless service through their wireline. Founded in 1937, Andrew today is a billion-dollar, multinational corporation multinational corporation, business enterprise with manufacturing, sales, or service subsidiaries in one or more foreign countries, also known as a transnational or international corporation. These corporations originated early in the 20th cent. with more than 5,000 employees in 29 countries. Andrew is an S&P 500 company whose common stock trades on The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. (R) under the symbol:ANDW. For further information on Andrew products and services, including the text of this release, visit our web site at http://www.andrew.com. Extensis is a trademark of Andrew Corporation. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion