Andrew Receives Order from World Wide Wireless Communications for Broadband High-Speed Internet Access System for Lima, Peru.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)--May 9, 2000 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 received a contract from World Wide Wireless Communications, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: WLGSE) to supply infrastructure equipment for a broadband high-speed Internet access network in Lima, Peru. Transmissions from the Lima network are expected to begin in late May 2000. The services offered will be cellular two-way wireless systems for high-speed broadband access to the Internet and other networked data services. The subscription services will be available for business, government, education and residential users. Andrew will supply World Wide Wireless Communications with system engineering and equipment, including sector antennas, frequency converters, subscriber antennas, subscriber premise RF equipment, transmitters, network switching and routing hardware and network management. "We have an aggressive build-out schedule for high-speed Internet access systems in Latin America," commented Douglas P. Haffer, 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 World Wide Wireless Communications. "Our contractual relationship with Andrew will enable us to build and manage the Lima, Peru network in as short a time as possible." The Lima network will provide service over the Lima metropolitan area. Lima is Peru's business and cultural center; almost seven million people reside in the Lima metropolitan area. World Wide Wireless Communications also has plans to extend the network to Peru's other major cities of Arequipa, Trujillo, Chiclayo, and Cuzco. 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 under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements contained in this release, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control, delays in development and testing of products, and fluctuations in demand for the products and services of the company. Andrew Corporation is a global supplier of communications systems equipment and services. Major markets are wireless communications -- which includes cellular, personal communications services See PCS. , and land mobile radio -- broadcast, and common carrier. 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 |
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