Brightpoint, Inc. Signs Supply Agreement With Siemens.INDIANAPOLIS--(BUSINESS WIRE)--Aug. 27, 1997--Brightpoint, 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 :CELL) announced today that it has signed an agreement with Siemens Wireless Terminals, a unit of Siemens Business Communication Systems, Inc. ("Siemens"), for the distribution of PCS-1900 handset accessories in the U.S. Brightpoint intends to purchase the handset accessories as part of its value-added fulfillment services and for sale through its channels to the companies' common U.S. customers that utilize Global System for Mobile Communications (communications) Global System for Mobile Communications - (GSM, originally "Groupe de travail Sp?ciale pour les services Mobiles") One of the major standards for digital cellular communications, in use in over 60 countries and serving over one billion subscribers. (GSM) personal communications services See PCS. operating in the 1900 Mhz band. Siemens Wireless Terminals, a division of Siemens Business Communication Systems, Inc., provides handsets and wireless network access terminals for PCS-1900 and CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. networks worldwide. Siemens holds a leading position in the digital wireless market, with more than 200 mobile switching systems Switching systems (communications) The assemblies of switching and control devices provided so that any station in a communications system may be connected as desired with any other station. installed worldwide and GSM handsets in use in nearly all countries that have adopted the GSM standard. Revenues from telecommunications and networking accounted for more than 20 percent of Siemens' nearly $63.6 billion in worldwide sales during fiscal 1995/1996. For more information, visit the Siemens Wireless Terminals' website at www.siemens-wireless.com . Brightpoint is a leading provider of distribution and value- added logistics services to the wireless communications industry. The Company facilitates the effective and efficient distribution of wireless handsets and related accessories from leading manufacturers to network operators, agents, resellers, dealers and retailers in the wireless communications market. "Forward-looking statements" as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 may be included in this news release. A variety of factors could cause the Company's actual results to differ from the reported results expressed in such forward-looking statements. Investors are referred to the Company's Cautionary Statements (Exhibit 99 to the Company's most recent Form 10-Q Form 10-Q See 10-Q. ), which statements are incorporated into this news release by reference. CONTACT: Brightpoint, Inc., Indianapolis, Indiana Phillip A. Bounsall, 317/297-6100 or Siemens Wireless Terminals Kristine Ryan, 972/997-7350 |
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