Andrew and CPS Partner To Develop High Accuracy Mobile Positioning Products for the Global Market Place.Business Editors/High-Tech Writers ORLAND PARK Or·land Park A village of northeast Illinois, a residential and manufacturing suburb of Chicago. Population: 53,300. , Ill.--(BUSINESS WIRE)--Feb. 23, 2004 Andrew Corporation Andrew Corporation is an American multinational producer of communications devices. Andrew is a global designer, manufacturer, and supplier of communications equipment, services, and systems. , a leading global supplier of communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. equipment and wireless caller location systems, and Cambridge Positioning Systems (CPS (1) (Characters Per Second) The measurement of the speed of a serial printer or the speed of a data transfer between hardware devices or over a communications channel. CPS is equivalent to bytes per second. ), a leading caller location technology developer, have established a strategic partnership to develop high accuracy location solutions for the global GSM and 3G markets. Under the terms of the agreement, Andrew will licence certain CPS caller location technologies, including CPS's Matrix technology, to create a new generation of caller location products. Andrew anticipates that the new products will offer significant performance and cost advantages for applications such as commercial location-based services See mobile positioning. and public safety. Andrew Corporation plans to introduce these new products during 2004 and market them through Andrew's global sales organisation. "The Andrew Geometrix(R) Wireless Location system is well established as the premier system for locating cellular emergency callers and we look forward to introducing new capabilities for our caller location product line," said Terry Garner, Andrew president of network solutions. "We believe that these new products will have strong potential to dramatically reduce caller location costs and to enable new commercial applications and other uses for the global market." "This agreement marks another significant step in the acceptance and availability of Matrix-based location solutions for the global market," CPS 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. Chris Wade Christopher "Chris" Wade was a former Whitewater real estate broker. Chris Wade was the real estate broker for Jim McDougal and Bill Clinton for the Whitewater Development Corporation. He sold the lots for the Clintons and McDougals. said. "There is a strong synergy between the two companies in the development of powerful new generation caller location products that will increase performance and capability and reduce deployment costs for operators." About Andrew Corporation 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) designs, manufactures and delivers innovative and essential equipment and solutions for the global communications infrastructure market. The company serves operators and original equipment manufacturers from facilities in 33 countries. Andrew (www.andrew.com), headquartered in Orland Park, IL, is an S&P 500 company founded in 1937. About Cambridge Positioning Systems CPS is the high accuracy location enabler for the wireless world. Through consistent innovation, we have developed new ways of helping people pinpoint their whereabouts - via a standard GSM mobile handset. Our technology is called Matrix - a unique software-only solution that combines sub-100m accuracy with rapid time-to-fix and consistent performance even in tough indoor and dense urban environments. Standardised for GSM, Matrix can be rolled out easily and rapidly to meet operator needs for new and differentiated location-enabled services. And because Matrix is software only, it means deployment costs are less than $1 per subscriber - the most competitive precision location solution available today. With extensive operator trials completed in emerging and mature mobile markets worldwide, Matrix is rapidly becoming the proven solution for mass-market location services See mobile positioning. . CPS has also developed a range of Matrix products to enhance the performance of A-GPS A-GPS Assisted Global Positioning System (used in mobile communications as a positioning system) location technologies. Forward Looking Statements Some of the statements in this news release 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. and we caution our stockholders and others that these statements involve certain risks and uncertainties. Factors that may cause actual results to differ from expected results include the company's ability to integrate its acquisition of Allen Telecom and to realize the synergies and cost savings anticipated from this transaction, the effects of competitive products and pricing, economic and political conditions that may impact customers' ability to fund purchases of our products and services, the company's ability to achieve the costs savings anticipated from cost reduction programs, fluctuations in international exchange rates, the timing of cash payments and receipts, end use demands for wireless communication services, and other business factors. Investors should also review other risks and uncertainties discussed in company documents filed with the Securities and Exchange Commission. Geometrix is a registered trademark of Andrew Corporation. |
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