Antenna Products, Inc. Acquires The Comprehensive Commercial Telecommunications Antenna Product Line of BAE Systems.Business Editors WILMINGTON, Del.--(BUSINESS WIRE)--May 2, 2000 BAE SYSTEMS Advanced Systems announces the sale of its complete line of commercial telecommunications antennas to Antenna Products, Inc. (Nasdaq:ANTP ANTP Asociacion Nacional de Transporte Privado (México) ), of Mineral Wells, Texas Mineral Wells is a city in Palo Pinto County, Texas and a portion of Parker County, Texas. The population was 16,946 at the 2000 census. The city is named for mineral springs in the area, which were highly popular in the early 1900s. . The Antenna Products acquisition of this profitable unit represents the entire analog cellular, digital cellular, and intelligent antenna product base of BAE SYSTEMS Advanced Systems that produced revenues of $1.2 million in 1999. The deal was for a combination of cash, Antenna Products stock, and royalties on future sales of Intelligent Antenna Systems or IAS See iPlanet Application Server. 1. (computer) IAS - The first modern computer. It had main registers, processing circuits, information paths within the central processing unit, and used Von Neumann's fetch-execute cycle. . During an extended transition period BAE SYSTEMS Advanced Systems has agreed to assist Antenna Products in engineering, development and marketing to bring the Intelligent Antenna Systems to the domestic and international markets, in exchange for the royalty agreement. BAE SYSTEMS Advanced Systems was assisted in the transaction by the financial advisory firm of Franklin and Associates of Annandale, Va., and the investment banking firm of Monticello Capital LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control of Fairfax, Va. Note To Editors: BAE SYSTEMS (FTSE FTSE A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times. Notes: The FTSE is similar to Standard & Poor's in the United States. :BTASY) is the UK-based international company formed in the November 1999 merger of British Aerospace and Marconi Electronic Systems Marconi Electronic Systems (MES), or GEC-Marconi as it was until 1998, was the defence arm of The General Electric Company (GEC). It was demerged from GEC and acquired by British Aerospace (BAe) on November 30 1999 to form BAE Systems. GEC then renamed itself Marconi plc. Limited, the latter of which had previously acquired the Hazeltine Corporation in 1996. BAE SYSTEMS Advanced Systems in Greenlawn, Long Island, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , is the former Hazeltine Corporation, and is world-renowned for its quality processes in antenna manufacture. Antenna Products, Inc. is a Delaware holding company traded as a Nasdaq small cap under the symbol ANTP. The company's primary operating subsidiary, Antenna Products Corporation, is headquartered in Mineral Wells, Texas, near the Dallas-Ft. Worth metroplex. This acquisition of the BAE SYSTEMS Advanced Systems product line is the second in 2000 and further diversifies the commercial revenue base. In January, Antenna Products acquired the assets and business of The Upholstery Shop, Inc., another profitable commercial business that provisions corporate and executive aircraft interiors. |
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