Applied Signal Technology, Inc. Announces Office Expansion in Utah and Oregon.SUNNYVALE, Calif.--(BUSINESS WIRE)--Sept. 17, 1998--Applied Signal Technology, Inc. (Nasdaq:APSG APSG Antisymmetrized Product of Separated Geminals ) announced today that the company will be opening additional engineering offices over the next few months in Salt Lake City and Portland, Oregon Oregon, city, United States Oregon, city (1990 pop. 18,334), Lucas co., NW Ohio, a suburb adjacent to Toledo, on Lake Erie; inc. 1958. It is a port with railroad-owned and -operated docks. The city has industries producing oil, chemicals, and metal products. . Much of Applied Signal Technology's success is dependent on access to qualified professional staff to execute its business plans. These two offices, in addition to our existing offices in Annapolis Junction, Maryland and Herndon, Virginia Herndon is a town in Fairfax County, Virginia, United States. The population was 21,655 at the 2000 census, which makes it the largest of three towns in the county.[1] History increases the Company's competitiveness in attracting and retaining staff to accomplish its business objectives. Regarding the addition of the two offices, Mr. Yancey, president and chief executive officer commented, "For the past few years we have been impacted by our ability to hire qualified staff to meet our growth needs. Management believes the marketplace has not been the limitation to our top line growth rate, but rather our ability to hire qualified staff. We are in a highly competitive job market in Silicon Valley and further, we are observing an ever increasing competition for staff at our Maryland and Virginia locations. Therefore, we are opening these two additional offices solely based on demographics The attributes of people in a particular geographic area. Used for marketing purposes, population, ethnic origins, religion, spoken language, income and age range are examples of demographic data. to obtain additional qualified staff and meet our growth needs." Applied Signal Technology designs, develops, manufactures and markets advanced digital signal processing See DSP. Digital Signal Processing - (DSP) Computer manipulation of analog signals (commonly sound or image) which have been converted to digital form (sampled). equipment to collect and process a wide range of telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. signals for commercial and government applications. For additional Company-related information, visit the Company's website located at http://www.appsig.com. Except for historical information contained herein, matters discussed in this news release may contain forward looking statements that involve risks and uncertainties including customer concentration, competition, dependence upon personnel, volatility of operating results, use of estimates in program costs-to-complete, and other risks detailed from time to time in the Company's SEC reports including its latest Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed for the fiscal year ended October 31, 1997. |
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