Antenna Products, Inc. Acquires the Wireless Antenna Systems Product Line of Hirschmann Electronics, Inc.Business Editors WILMINGTON, Del.--(BUSINESS WIRE)--Nov. 28, 2000 The Antenna Products, Inc. acquisition of the wireless antenna systems business unit of Hirschmann Electronics, Inc. further enhances its strategy to focus on high growth commercial market opportunities. The acquisition involves the purchase of assets, tooling, design and production rights and patent rights pertaining to Hirschmann's wireless antenna systems product lines. Key technical and marketing personnel from the Hirschmann business unit will also join Phazar Antenna Corp., the commercial product division of Antenna Products, Inc. The wireless antenna systems business from Hirschmann provides a complete line of fixed and mobile antennas for ISM See ISM band. , wireless Internet, wireless LAN A local area network that transmits over the air typically in the 2.4 GHz or 5 GHz unlicensed frequency band. It does not require line of sight between sender and receiver. Wireless base stations (access points) are wired to an Ethernet network and transmit a radio frequency over an area , wireless local loop, fixed GPS, MMDS (Multichannel Multipoint Distribution Service or Microwave Multipoint Distribution Service) A digital wireless transmission system that works in the 2.2-2.4 GHz range. (fixed wireless) and embedded Bluetooth market applications. The Hirschmann product lines complement Phazar's existing product lines of 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. , paging, ISM and AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. (automatic meter reading Automatic meter reading, or AMR, is the technology of automatically collecting data from water meter or energy metering devices (water, gas, electric) and transferring that data to a central database for billing and/or analyzing. ) omni-directional and panel wireless antennas. The combined product line offers significant growth opportunities in these high growth markets. Information on the Company's new products is available on the Internet web page at: www.phazar.com and at www.antennaproducts.com. The common stock of Antenna Products, Inc., is listed on the Nasdaq SmallCap Market under the trading symbol Trading symbol See: Ticker symbol "ANTP ANTP Asociacion Nacional de Transporte Privado (México) ." This press release contains forward-looking information within the meaning of Section 29A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performances and underlying assumption and other statements, which are other than statements of historical facts. Certain statements contained herein are forward-looking statements and, accordingly, involve risks and uncertainties, which could cause actual results, or outcomes to differ materially from those expressed in the forward-looking statements. The Company's expectations, beliefs and projections are expressed in good faith and are believed by the Company to have a reasonable basis, including without limitations, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties, but there can be no assurance that management's expectations, beliefs or projections will result, or be achieved, or accomplished. |
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