Applied Cellular announces agreement to acquire 80% interest in Cambridge, England-based Signal Processors Ltd.NIXA, Mo.--(BUSINESS WIRE)--Jan. 24, 1997-- Company specializes in design and manufacturing of high-capacity broad band communication link equipment and satellite communications subsystems; 1996 fiscal sales were US$4 million; Applied estimates its 1996 calendar year sales at $19-$20 million vs. $2.3 million and 1997 sales in excess of $55 million Applied Cellular Technology Inc. (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 :ACTC ACTC Apple Certified Technical Coordinator ACTC Almaden Cycle Touring Club ACTC Associated Colleges of the Twin Cities ACTC All Ceylon Tamil Congress (Sri Lanka) ACTC Association Canadienne de Télévision par Câble ) today announced that it has entered into an agreement to acquire an 80% interest in Cambridge, England-based Signal Processors Ltd. (SPL (1) (Systems Programming Language) The assembly language for the HP 3000 series. See assembly language for an SPL program example. (2) (Structured Programming Language) See structured programming. 1. ). This privately held designer and manufacturer of broad band communication linking devices and global satellite communication subsystems has extensive OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and marketing relationships internationally with such companies as British Aerospace British Aerospace (BAe) was a UK aircraft and defence systems manufacturer, now part of BAE Systems. History The company was formed as a statutory corporation on April 29, 1977 as a result the Aircraft and Shipbuilding Industries Act. Australia, Bosch Telecom (Germany), and Telefonica Sistemas de Satelites (Spain and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. ). The acquisition is expected to close in the first quarter ending March, 1997. SPL is Europe's largest developer and manufacturer of satellite subsystems. The company's patented products include Antenna Controllers for satellite communication tracking clarity, Satellite Modems utilizing variable data rate capabilities for defense purposes, and Data Broadcast Receivers which lower transponder A receiver/transmitter on a communications satellite. It receives a microwave signal from earth (uplink), amplifies it and retransmits it back to earth at a different frequency (downlink). A satellite has several transponders. costs. SPL's products are widely used to enhance commercial satellite communication systems and broad based communication data channels. The company's antenna controlling devices have had phenomenal market growth, due to the continual need by the satellite industry's constant requirements to keep communication signals on track from inclined orbiting systems in space. Richard J. Sullivan, Applied's chairman and chief executive officer, stated: "We have entered into an age where the servicing of satellite communications systems is most dramatic. Furthermore, as Third World countries continue to expand their orbital communications systems, such as in South America and China, the need for linking and maintenance technologies will grow exponentially. "SPL provides ACTC with both marketing and technological superiority. The combination of both companies' technologies will take us from hand-held peripheral interfacing with RF wireless to broad band orbital communications servicing and subsystems. We can effectively cover the globe and integrate an unprecedented group of communication products and services for the industry." -0- Note: All estimates are believed to be accurate, however, are "forward-looking" as defined by federal law and may be materially affected by current operational and other future events. CONTACT: REOVEST Inc., Investor Relations Investor relations The process by which the corporation communicates with its investors. and Business Consultants, Golden, Colo. Bob Oberndorf, 303/642-0073 |
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