Powerwave Technologies Introduces GSM PCS Single Carrier Booster Amplifier.

IRVINE, Calif.--(BUSINESS WIRE)--Sept. 24, 1998--Powerwave Technologies Inc. (Nasdaq:PWAV) Thursday announced the introduction of its single carrier Booster amplifier solution for GSM1900 and DCS1800 networks, which will be on display at PCS '98, September 23-25, 1998 in Orlando, Fla. Powerwave is located at Booth 851.

The GSM Booster solution is targeted for use in GSM base stations in the 1800 and 1900 MHz frequency bands requiring range extension or improved in-building coverage. The Powerwave Booster solution supports up to 6 transceivers in sectorized or omni configurations and is capable of providing up to 80 Watts of RF power per carrier, significantly increasing a cell site's coverage area. In addition to providing potential cost savings by reducing the requirement for additional base stations in a network, the operator has a solution that can grow as capacity demands increase.

"Powerwave is proud to announce this new PCS amplifier application," stated Bruce C. Edwards, president and chief executive officer of Powerwave Technologies. "With the addition of our GSM Booster amplifier solution, GSM1900 and DCS1800 networks can benefit from the range extension, size and cost advantages of this product."

Company Background

Powerwave Technologies, an ISO 9001 quality certified company, is a leading supplier of high performance RF power amplifiers for use in wireless communications networks. Powerwave designs, manufactures and markets both single carrier and multi-carrier amplifiers, with a primary focus on multi-carrier amplifiers. Powerwave's products are utilized in both cellular and PCS base stations in both digital and analog networks. Powerwave also produces RF power amplifiers for the land mobile radio market and the wireless local loop market.

Corporate headquarters are located at 2026 McGaw Avenue, Irvine, Calif. 92614. Telephone [phone]. For more information on Powerwave's high performance ultra-linear RF power amplifiers and amplifier systems, call 888/PWR-WAVE (797-9283) or visit the company's Web site at http://www.POWERWAVE.com.

Forward-Looking Statements 

Statements contained in this press release which are not historical information are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those projected or implied. Such potential risks and uncertainties include, but are not limited to: dependence on a limited number of customers; continued success in the design of new amplifier products and the ability to manufacture in quantity such new products; reductions or cancellations in orders from new or existing customers; continued deterioration of business and economic conditions in the company's customers marketplaces, including the Korean marketplace; potential deterioration of the company's customers credit quality due to deteriorating economic conditions in the company's customers marketplaces, including the Korean marketplace; a limited number of potential customers; intensely competitive industry with increasing price competition and resulting negative impact on gross margins; variability in gross margins on new products and resulting impacts on operating results; continued favorable business conditions and growth in the wireless communications market; and dependence on certain suppliers for single-sourced components.

Additional factors which could affect the company's operating and financial results are described in the company's Form 10-K for the fiscal year ended Dec. 28, 1997 and Form 10-Q for the quarterly period ended June 28, 1998, both of which are filed with the Securities and Exchange Commission, and other risks detailed from time to time in the company's reports filed or to be filed with the Securities and Exchange Commission. Additionally, the company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements which may be made to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events.