Spectrum Signal Processing Receives Orders From HP For VXI-Based DSP Systems.
Spectrum Signal Processing Inc. (Nasdaq:SSPI)(TSE:SSY) today announced that it has received follow-on production orders from Hewlett-Packard Company for VXI-based digital signal processing (DSP) systems. The orders stem from a 1997 design-win. Additional production orders were received from Hewlett-Packard (HP) earlier this year. Revenue associated with the orders was not disclosed.
HP uses Spectrum's product in a signals development system, which is used for digital radio and communications intelligence applications. The product is co-branded with both HP and Spectrum markings.
"Spectrum has been able to provide us with a high-quality, off-the-shelf DSP solution for our modular communications products and it has also supported us with its high-volume manufacturing capability," said Fred Cruger, research and development manager at HP's Measurement Solutions Division.
"HP is a key customer in our strategy to become the DSP systems partner of choice to major original equipment manufacturers (OEM) around the world. OEM customers need leading edge DSP technology, time-to-market advantage, less risk, and a reliable DSP systems partner dedicated to outstanding quality and customer service. By providing the products and services to meet these needs, Spectrum is able to develop long-term business relationships," said Barry Jinks, President and CEO, Spectrum Processing.
Spectrum Signal Processing is a world leader in DSP system solutions, and offers DSP software, off-the-shelf hardware, custom ASIC design and complete custom systems. The company is ISO9001 quality certified, and can be found on the web at http://www.spectrumsignal.com. Spectrum is located at No. 100 - 8525 Baxter Place, Burnaby, B.C., Canada. ph (604) 421-5422; fax (604) 421-1764.
Any statements made by the company that are not historical facts are forward-looking statements that are pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties, including the timely development and acceptance of new products, the impact of competitive products and pricing, changing market conditions and the other risks detailed in the company's prospectus and from time to time in other 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. The company may or may not update these forward-looking statements in the future.