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Andrew Sells Wireless Accessories Business.


Business Editors

ORLAND PARK, Ill.--(BUSINESS WIRE)--Jan. 27, 2003

Andrew Corporation (NASDAQ:ANDW) announced today that it has sold the assets of its wireless accessories business to JEMB JEMB - Joint Environmental Management Board (US DoD) Realty Corporation, a real estate owner, developer, and management organization. JEMB will run the former Andrew wireless accessories business under the new name of Xentris and the new company will retain a number of the former Andrew employees.

Specific financial details of the transaction were not released.

About Andrew Corporation

Andrew Corporation is a global leader in the design, manufacture and supply of communications equipment and systems. Andrew provides proven solutions for wireless, fixed-line and satellite broadband service providers and broadcasters throughout the world. Andrew is an S&P 500 company listed on the Nasdaq National Market System under the symbol: ANDW.

About JEMB

Headquartered in Manhattan, New York City, JEMB is an experienced real estate owner, developer and management organization.
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Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jan 27, 2003
Words:150
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