Spectrum Signal Processing Awarded Contract for Upgrade of Globalstar LLC Satellite Communications Gateway.COLUMBIA, Md. -- Spectrum Signal Processing See DSP. (USA) Inc., a subsidiary of Spectrum Signal Processing Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :SSY SSY Simpson Spence Young (Hong Kong shipbrokers) SSY Siddha Samadhi Yoga SSY Scottish Socialist Youth )(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 :SSPI SSPI Security Support Provider Interface (Microsoft) SSPI Society of Satellite Professionals International SSPI Steady-State Plasma Insulin SSPI Security Service Provider Interface (Microsoft) ), today announced a $1.0 million contract with Globalstar LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control as the first stage of a broader satellite gateway upgrade to provide Globalstar's customers with enhanced asset tracking functionality. The initial contract for the supply of SDR-3000 hardware, software and related application engineering services is expected to be complete by early 2006. Following this, Globalstar will conduct test and validation procedures related to the upgraded software-defined gateway functionality. Upon successful validation, Globalstar is expected to upgrade a portion of its network. If effected, each gateway upgrade will require approximately $500,000 of Spectrum hardware and engineering services. Certain government, homeland security and emergency response customers such as the US Federal Emergency Management Agency The Federal Emergency Management Agency (FEMA) is the federal agency responsible for coordinating emergency planning, preparedness, risk reduction, response, and recovery. The agency works closely with state and local governments by funding emergency programs and providing technical (FEMA FEMA, n.pr See Federal Emergency Management Agency. ) are challenging Globalstar to provide enhanced asset tracking. Globalstar is responding by software defining its satellite gateway infrastructure to accommodate the complex waveforms required by such applications and to enable a variety of Radio Frequency Identification See RFID. (RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. ) based asset tracking applications. "Globalstar can only remain a leader in the satellite communications market by profitably anticipating and addressing its customers' needs," stated Anthony Navarra, President of Globalstar. "Spectrum's software defined radio A wireless terminal (phone, PDA, etc.) that is reconfigurable via software. It enables wireless devices to be easily updated to new or later versions of the air interface and allows multiple interfaces to be supported. expertise will assist us immeasurably in accommodating the advanced waveforms required by our customers." "Our customers, whether commercial or government, rely upon Spectrum to provide them with leading-edge, commercially available solutions that reduce the time, cost and technical risks of their programs," stated James P. Atkins, President of Spectrum Signal Processing (USA) Inc. "This is a very significant opportunity for Spectrum that solidifies our strong position in satellite communications applications." Spectrum's flexComm(TM) SDR-3000 software defined radio transceiver platform is designed specifically for the implementation of dynamically reconfigurable, high-performance, high-density CompactPCI-based software defined radios. The SDR-3000 supports hundreds of simultaneous transmit and receive channels, each with an independent air interface protocol. Virtually any air interface can be supported by the SDR-3000 platform, making it ideally suited for use in military communications, electronic warfare, signals intelligence, spectrum monitoring, satellite communications and test and measurement. For more information on the SDR-3000, please visit www.spectrumsignal.com/products/sdr/sdr_3000.asp. ABOUT GLOBALSTAR LLC Globalstar LLC offers high value, quality satellite voice and data services to commercial and recreational users from virtually anywhere in more than 120 countries. The company's voice and data products include mobile and fixed satellite units, simplex and duplex satellite data modems and flexible service packages. Many industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service. Global customer segments include: oil and gas, government, mining, forestry, commercial fishing, utilities, military, transportation, heavy construction, as well as individual users. For more information, visit Globalstar's web site at www.globalstar.com. ABOUT SPECTRUM SIGNAL PROCESSING INC. Spectrum Signal Processing Inc. (TSX:SSY)(NASDAQ:SSPI) is a leading supplier of software defined platforms for defense electronics applications. Spectrum's products and services are optimized for military communications, signals intelligence, surveillance, electronic warfare and satellite communications applications. Spectrum's integrated, application-ready products provide its customers with compelling time-to-market and performance advantages while mitigating program risk and cost parameters. Spectrum Signal Processing (USA) Inc., based in Columbia, MD, provides applications engineering services and modified commercial-off-the-shelf platforms to the US Government, its allies and its prime contractors. For more information on Spectrum and its flexComm product line, please visit www.spectrumsignal.com. This news release contains forward-looking statements related to sales of the Spectrum Signal Processing Inc. flexComm product line. Although Spectrum has received orders for shipping flexComm product, development delays and customer issues could delay shipments. These statements are made pursuant to the 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. provisions of 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. Forward-looking statements involve risks and uncertainties, including the timely development and acceptance of Spectrum's new products, the impact of competitive products and pricing, availability of components, changing market conditions and the other risks detailed from time to time in other company filings. Actual results may differ materially from those projected. These forward-looking statements represent the company's judgment as of the date of this release and Spectrum may or may not update these forward-looking statements in the future. Readers are referred to Spectrum's assumptions and risk factors set out in the most current Form 20-F filed with the Securities and Exchange Commission and the British Columbia Securities Commission The British Columbia Securities Commission (BCSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of British Columbia. External links
(TM) flexComm is a trademark of Spectrum Signal Processing Inc. Spectrum Signal Processing Inc. (TSX:SSY) (NASDAQ:SSPI) |
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