Brightpoint Signs Agreement With Motorola to Distribute Wireless Local Loop Fixed Wireless Terminals in Latin America.Business Editors, Telecommunications Writers INDIANAPOLIS--(BUSINESS WIRE)--Jan. 6, 2000 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 its subsidiary, Brightpoint Latin America Holdings, Inc., has signed an agreement with Motorola, Inc., (NYSE NYSE See: New York Stock Exchange :MOT) a Delaware corporation, by and through its Network Solutions Sector, for the distribution of Wireless Local Loop (WLL See wireless local loop and PHS-WLL. ) products in certain key markets of Latin America and the Caribbean such as: Mexico, Puerto Rico, Dominican Republic, Venezuela and Colombia. Under the agreement, Brightpoint will sell Fixed Wireless Terminals that operate on GSM 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. technologies. Motorola is a global leader in providing integrated communications solutions and embedded electronic solutions. These include software enhanced wireless telephone, two-way radio, messaging and satellite communications products and systems, as well as networking and Internet access products, for consumers, network operators, and commercial, government and industrial customers. Sales in 1998 were $29.4 billion. Brightpoint, Inc. is a leading provider of innovative services to network operators and equipment manufacturers in the global wireless telecommunications industry. Brightpoint strives to enhance the success of its customers through the specialized and focused provision of efficient and effective solutions for their mission critical business requirements. The Company's innovative services include inventory management, prepaid solutions, custom packaging and other outsourced services. Additional information about the Company can be found on its website at www.brightpoint.com or by calling its toll-free Investor Relations Investor relations The process by which the corporation communicates with its investors. Information line at 877-IIR-CELL (877-447-2355). "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. |
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