Comarco Wireless reports substantial increase in orders.YORBA LINDA Yorba Linda (yôr`bə lĭn`də), city (1990 pop. 52,422), Orange co., S Calif., in a region of citrus fruit; inc. 1967. The city has grown tremendously along with the southern California area; its population increased fivefold between , Calif.--(BUSINESS WIRE)--Jan. 15, 1997--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 ) on Wednesday 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 $8 million in the first two months (November and December) of its fourth quarter. This represents a 40 percent increase over last year's $5.7 million for the comparable two-month period. In the 11 months of this fiscal year (1997), bookings have been $32.7 million, including $10 million in call-box contracts acquired from GTE GTE General Telephone & Electronics GTE Génie Thermique et Énergie (French) GTE Gas Turbine Engine GTE Global Tropospheric Experiment GTE Geothermal Energy GTE Gas Turbine Efficiency plc (Sweden & USA) in October 1996. By comparison, bookings in the first 11 months of fiscal year 1996 were $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 chief executive officer of COMARCO. "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 products this year included 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. air-interface products and introduction of the LT-100, the latest member of our network evaluation product line. A significant part of the November- December orders were for these new products. "Our outsourced staffing business is also doing well, with our commercial segment growing rapidly," Bailey concluded. "All in all, COMARCO's current fiscal year appears to be on track, and the prospects for next year are excellent." -0- NOTE: COMARCO Inc. (NASDAQ:CMRO) provides wireless communications products, as well as outsourced engineering, management and staffing services, to the public and private sectors. CONTACT: COMARCO Inc. Don M. Bailey, 714/282-3813 Shareholder Information Office, 714/282-3825 |
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