Endwave Increases Manufacturing Capacity to Meet Growing Demand for 2G/3G Cellular Backhaul Products.Business Editors/High-Tech Writers SUNNYVALE, Calif.--(BUSINESS WIRE)--Jan. 23, 2001 Endwave to Reduce Costs by Moving Transceiver Production to Expanded Diamond Springs, Calif.-Based Volume Manufacturing Facility Endwave Corporation (Nasdaq:ENWV), the leading provider of radio frequency (RF) subsystems for ultra-broadband wireless access networks, today announced the opening of a second volume manufacturing facility in Diamond Springs, Calif. Designed to expand production of Endwave's transceivers, the core component of broadband wireless See wireless broadband. systems, this expansion prepares the company to fulfill recent orders from leading providers of next-generation (2G/3G) networks. This move increases Endwave's manufacturing capacity to over 100,000 transceivers per year. This expansion follows the announcement of a multi-year, multi-million dollar agreement with Allgon AB earlier today and a multi-year, multi-million dollar agreement with Nokia announced in November, 2000. Under both agreements, Endwave will deliver its Millimeter One thousandth of a meter, or 1/25th of an inch. See metric system. Wave (MmW) transceivers, operating in 18-40 GHz frequency ranges, in volume to these customers for use in new and existing cellular backhaul networks. The expansion reinforces Endwave's efforts toward cost reduction and margin improvement and underscores the company's path to achieve profitability. Endwave will concentrate volume manufacturing for all of its electronic products -- RF modules, MmW transceivers and Outdoor Units (ODUs) -- at the new Diamond Springs facility, thereby reducing overhead and allowing the company to achieve greater efficiencies associated with higher volume, automated production and reduced labor costs. The company's headquarters, sales and marketing, product development, and prototyping operations will remain in Sunnyvale, Calif. "The opening of our second Diamond Springs operation is an important milestone in our growth, particularly as we focus on achieving profitability," said Ed Keible, president and chief executive officer, Endwave Corporation. "This expansion allows us to execute on our cost reduction plan, and to fulfill our recent volume production agreements with Allgon and Nokia while maintaining additional capacity for future growth." The Diamond Springs facility will employ Endwave's three discrete semiconductor processes: the company's patented Flip-Chip Integrated Circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for (FCIC FCIC Federal Citizen Information Center (formerly Federal Consumer Information Center; Pueblo, CO, USA) FCIC Federal Crop Insurance Corporation FCIC Federal Consumer Information Center ), Monolithic Microwave Integrated Circuit MMICs, or Monolithic Microwave Integrated Circuits, are a type of integrated circuit (IC) devices that operate at microwave frequencies (1 GHz to 300 GHz). They typically perform functions such as microwave mixing, power amplification, low noise amplification, and high (MMIC (Monolithic Microwave IC) An integrated circuit used in high-frequency applications such as mobile phones. Also known as "monolithic microwave/millimeter-wave IC," MMICs combine transistors and passive devices (resistors, capacitors, etc. ), and Hybrid Microwave Integrated Circuit (HMIC HMIC Her Majesty's Inspectorate of Constabulary (UK) HMIC Health Management Information Consortium (National Health Service, United Kingdom) HMIC Hybrid Microwave Integrated Circuit ) process. This variety of processes provides wireless system integrators a migration path to higher-volume, lower-cost manufacturing as they look to develop and scale next-generation products. About Endwave Endwave Corporation (Nasdaq:ENWV) provides radio frequency (RF) subsystems for wireless ultra-broadband access networks. The company develops and manufactures products used in high-speed cellular backhaul, point-to-point access and point-to-multipoint access applications. These products include RF modules, integrated transceivers, ultra-broadband antennas and high-performance OutDoor Units (ODUs). Endwave has more than 30 issued patents covering its core technologies including semiconductor, circuit and antenna designs as well as its GaAs FCIC technology. Endwave Corporation is headquartered in Sunnyvale, Calif. Additional information about the company can be accessed from the company's web site at http://www.endwave.com. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Statements in 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. within the meaning of the Federal securities laws and are subject to the safe harbors created thereby. The following are among the factors that could cause actual results to differ materially from the forward-looking statements: the risks that products will fail to achieve market acceptance, the timing of customer orders, delays in the design process, the length of our sales cycle, our ability to develop, introduce and market new products and product enhancements, changes in product mix or distribution channels; the demand for wireless networking See wireless network. products and end-user products that incorporate wireless technology; competitive technologies; and, technological difficulties and resource constraints encountered in developing and/or introducing new products. Forward-looking statements contained in this press release should be considered in light of these factors and those factors discussed from time to time in the company's public reports filed with the Securities and Exchange Commission, such as those discussed under "Risk Factors" in the Company's report on form S-1, which was declared effective on October 16, 2000, and form 10-Q Form 10-Q See 10-Q. , filed November 30, 2000. |
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