COMARCO Acquires EDX Engineering.Business Editors and High-Tech Writers IRVINE, Calif.--(BUSINESS WIRE)--Dec. 12, 2000 COMARCO Inc. (Nasdaq:CMRO CMRO Current Medical Research and Opinion (journal) CMRO Concerned Motorcycle Riders of Ohio CMRO Canadian Mud Racing Organization CMRO Certified Medical Review Officer CMRO Complex Maintenance, Repair & Overhaul ), a provider of test and measurement equipment and engineering services for the wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. industry, Tuesday announced it has acquired EDX EDX Energy Dispersive X-Ray (Spectroscopy) EDX Electronic Data Exchange EDX Extended Data Register EDX Event-Driven Executive (IBM Series/1 OS) EDX Event-Based Data Exchange (UPNet) Engineering Inc. of Eugene, Ore. EDX is a leading developer of system planning tools for the wireless communications industry including 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. , LMDS (Local Multipoint Distribution Service) A digital wireless transmission system that works in the 28 GHz range in the U.S. and 24-40 GHz overseas. It requires line of sight between transmitter and receiving antenna, which can be from one to four miles apart , 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. , LMR/SMR, microcell and indoor systems and wireless local loop. The EDX portfolio of products includes EDX SignalPro(R), a comprehensive software package offering a complete set of planning tools that includes multi-site coverage and interference analysis, multiple point-to-point link analysis, a comprehensive set of propagation models, full mapping capabilities and full access to terrain, groundcover, building, demographic, traffic and other databases. COMARCO plans to operate EDX as of division of Comarco Wireless Technologies Inc., the company's wireless subsidiary, and to retain the EDX name. "During the past 12 months, we have completed the divestiture The breakup of AT&T. By federal court order, AT&T divested itself on January 1, 1984 of its 23 operating companies, which became known as the Regional Bell Operating Companies (RBOCs). of our non-wireless business units and, with the acquisition of this profitable company, are now positioned to further penetrate the extremely attractive wireless broadband High-speed wireless transmission of data. What is "high" speed is always a changing number. Wireless systems are typically slower than land-based, wireline networks. In the past, wireless broadband started at 250 Kbps, whereas land-based broadband was generally considered to start at T1 market space," said Tom Franza, COMARCO president and chief executive officer. "The combination of EDX and COMARCO creates access to a new market segment and enables us to expand our offering of engineering services through participation in the planning and deployment phases of mobile and fixed wireless network implementation." COMARCO acquired all the outstanding common stock of EDX for 257,428 shares of COMARCO common stock and $2.1 million in cash. The merger transaction will be accounted for under the purchase method of accounting. COMARCO expects to record a one-time charge for purchased in-process research and development expenses related to a portion of the purchase consideration in its fourth quarter ending Jan. 31, 2001. "The merger combines EDX's substantial radio engineering domain expertise and a powerful wireless planning software platform with COMARCO's existing portfolio of wireless products and engineering services," said Franza. "These complementary products and services provide an ideal entry point into the broadband wireless See wireless broadband. data delivery space, which is expected to grow dramatically over the next decade." "The vision and culture of COMARCO and EDX are closely aligned and we anticipate significant synergy in technology, market channels and customer relationships. With Internet traffic Internet traffic is the flow of data around the Internet. It includes web traffic, which is the amount of that data that is related to the World Wide Web, along with the traffic from other major uses of the Internet, such as electronic mail and peer-to-peer networks. doubling every three months, wireless technologies provide a cost-efficient means for rapid deployment of broadband data services," said Dr. Harry Anderson
Harry Anderson (born October 14, 1952) is an American actor and magician. Born in Newport, Rhode Island, Anderson was a street magician before becoming an actor. , president of EDX. About COMARCO Based in Irvine, COMARCO provides test and measurement products and engineering services for the wireless industry, as well as advanced technology products for portable wireless appliances such as notebook computers, cellular telephones and personal organizers. The company's Web sites can be found at www.comarco.com and www.chargesource.com. Forward-Looking Information This release may contain forward-looking statements based on our current expectations, estimates and projections about our industry, management's beliefs, and certain assumptions made by us. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "will" and variations of these words or similar expressions are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors. Note to Editors: SignalPro(R) is a registered trademark of EDX. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion