Chinese Handset Maker TCL Mobile Communication Orders Another 150,000 Wavecom WISMO Modules.Business Editors ISSY-LES-MOULINEAUX, France--(BUSINESS WIRE)--December 21, 2000 Wavecom SA (Nasdaq : WVCM WVCM Workspace Versioning and Configuration Management ; Nouveau Marche Nouveau Marche An equity market unit of the Paris Bourse that deals solely in innovative, high-growth companies. : WAVECOM), a leading developer of digital wireless standard modules (WISMO WISMO Where Is My Order? WISMO Wireless Standard Module (TM)), today announced that TCL See Tcl/Tk. Tcl - Tool Command Language Mobile Communication Company Limited, a leading Chinese manufacturer of consumer electronics products, has placed a second order for 150,000 WISMO(TM) modules, bringing the total orders received under this contract to 350,000 modules. TCL Mobile Communication originally ordered 200,000 WISMO2C dual-band wireless modules, which enabled TCL Mobile Communication to enter the GSM mobile telephone market for the first time. The company's first handset, the TCL999D, was introduced in the third quarter of 2000 for sale in the Chinese market. The success of this initial launch convinced TCL Mobile Communication to place the additional order for WISMO(TM) modules. TCL Mobile Communication is also continuing to develop its product range. In March 2001, it will introduce a second version of the handset that is 5 millimeters thinner than the first and includes many additional features, such as WAP (1) (Wireless Access Point) See access point. (2) (Wireless Application Protocol) A standard for providing cellular phones, pagers and other handheld devices with secure access to e-mail and text-based Web pages. . "We are expanding our relationship with Wavecom because we find that the WISMO(TM) module fulfills all our needs," said TCL Director Chambers Wong. "It is simple to install and encapsulates a complete GSM solution, which helps us to bring this new product to market quickly and easily." "This once again demonstrates the success of Wavecom WISMO(TM) modules in the Chinese market," said Jean-Charles Andreani, managing director of Wavecom Asia Pacific Ltd., Wavecom's Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. subsidiary. "Our product is well received by the Chinese manufacturers, who are confident about working with Wavecom to develop new products based on the WISMO(TM) technology." About TCL Based in the city of Hui Zhou (Guangdong province Noun 1. Guangdong province - a province in southern China Guangdong, Kwangtung ), TCL is one of China's three largest consumer electronics manufacturers. The company designs, produces and distributes a full range of consumer electronics products, including color TVs and videocassette recorders videocassette recorder (VCR), device that can record television programs or the images from a video camera on magnetic tape (see tape recorder); it can also play prerecorded tapes. , hi-fi and audio products, wired and cordless telephones and telephone answering machines. TCL sales has exceeded US $2 billion. The company employs 10,000 people, including more than 3,000 sales people in more than 200 sales offices. About Wavecom Founded in 1993 and headquartered near Paris in Issy-Les-Moulineaux, Wavecom designs, develops, manufactures and sells a range of fully integrated plug-in modules for GSM and GPRS (General Packet Radio Service) The first high-speed digital data service provided by cellular carriers that used the GSM technology. GPRS added a packet-switched channel to GSM, which uses dedicated, circuit-switched channels for voice conversations. communications. Divided into three distinct lines - WISMO(TM) modules, external modems and integrated modems - all Wavecom products are based on its unique WISMO(TM) technology. WISMO(TM), which stands for Wireless Standard Module, is a compact, fully integrated device containing all of the software, hardware and other technology needed to implement a wireless telecommunications standard. Designed for use in a wide variety of systems and wireless terminals, WISMO(TM) modules constitute complete implementation of the GSM Phase 2+ standard in the 900, 1800 and 1900 MHz (MegaHertZ) One million cycles per second. It is used to measure the transmission speed of electronic devices, including channels, buses and the computer's internal clock. A one-megahertz clock (1 MHz) means some number of bits (16, 32, 64, etc. bands. Company revenues totaled 36.6 million euro in 1999 and 34.7 million euro for the nine months ended September 30, 2000. Wavecom is publicly traded on the Nouveau Marche exchange in Paris and the NASDAQ National Market exchange in the US. www.wavecom.com This press release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that relate to the Company's plans objectives, estimates and goals. Words such as "expects," "anticipates," "intends," "plans," "believes" and "estimates," and variations of such words and similar expressions identify such forward-looking statements. The Company's business is subject to numerous risks and uncertainties, including probable variability in the Company's quarterly operating results, manufacturing capacity constraints, dependence on a limited number of customers, variability in production yields, dependence on third parties and risks associated with managing growth. These and other risks and uncertainties, which are described in more detail in the Company's most recent filings with the Securities and Exchange Commission, could cause the Company's actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion