Comarco Wireless reports sharp increase in orders.YORBA LINDA, Calif.--(BUSINESS WIRE)--Jan. 9, 1996--Comarco 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 :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 ) Tuesday announced that orders received by its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Comarco Wireless Technologies Inc. were $5.7 million in the first two months (November and December) of its fourth quarter. This represents nearly a 100% increase over last year's $2.9 million for the comparable two-month period. In the eleven months of this fiscal year (1996) bookings have been $15.8 million. By comparison, bookings in the first eleven months of fiscal year 1995 were $9.4 million. The company shipped $5.5 million in November-December of 1995, bringing the eleven months shipments total to $15.8 million. Comarco Wireless provides engineering products to cellular and 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. carriers throughout the world. These products are used for wireless communications network design, network optimization, network readiness and revenue assurance processes. "The rapid growth of cellular and PCS markets and the proliferation of numerous digital air interfaces is driving demand for our products worldwide," commented Don M. Bailey, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Comarco Inc. "The increased level of orders is a result of market acceptance of our wide product line and the rapid introduction of new products to satisfy the changing needs of wireless carriers. "New product introductions this year included GSM, ETACS ETACS Extended Total Access Communications System ETACS Electronic Time and Alarm Control System ETACS Extended Total Access Communication System ETACS Electronic Total Automobile Control System and CDPD (Cellular Digital Packet Data) A low-speed, digital, wireless data network that is an enhancement to an existing analog cellular network. Based on IBM's CelluPlan II, CDPD provides a packet overlay onto the AMPS network and moves data at 19. air-interface products. Over one-third of the November-December orders were for these new products. Our calendar year 1996 product development plan includes exciting new product introductions. "In order to service European wireless communications companies we are currently establishing a sales and support facility in the United Kingdom," added Bailey. "We also plan to develop a similar capability for Asia during this year. "Our government business is on plan and has many solid contract bidding opportunities," concluded Bailey. "All in all, Comarco's current fiscal year appears to be on track and the prospects for the next year are excellent." Note to Editors: Comarco Inc. (NASDAQ:CMRO) provides wireless communications products, engineering services, airport management services and manufacturing technology training to the public and private sectors. CONTACT: Comarco Inc. Don M. Bailey, 714/282-3813 Eva Evans, 714/282-3817 |
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