Comarco Wireless reports substantial increase in orders.YORBA LINDA, Calif.--(BUSINESS WIRE)--Jan. 15, 1997--COMARCO Inc. (NASDAQ:CMRO CMRO - Canadian Mud Racing Organization CMRO - Certified Medical Review Officer CMRO - Complex Maintenance, Repair & Overhaul (Oracle) CMRO - Concerned Motorcycle Riders of Ohio CMRO - Current Medical Research and Opinion (journal)) on Wednesday announced that orders received by its wholly owned subsidiary, 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 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 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 The modulation scheme used in a wireless network. It is the wireless counterpart to the physical layer in the OSI model. FDMA, TDMA and CDMA are examples of 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 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 |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion