Symmetricom Launches Space, Defense & Avionics Initiative.Business Editors/High-Tech Writers SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Sept. 17, 2003 Symmetricom (Nasdaq:SYMM SYMM Synchronized Multimedia (W3C Working Group) ), a leading worldwide supplier of atomic clocks and network synchronization and timing solutions, announced that its Timing, Test & Measurement Division (TT&M) is launching a strategic initiative that will focus its newly integrated product lines and custom capabilities on specialized programs in the Space, Defense and Avionics (SDA SDA abbr. specific dynamic action Serotonin dopamine antagonist (SDA) The newer second-generation antipsychotic drugs, also called atypical antipsychotics. ) markets. Symmetricom has long been a qualified supplier of products for critical defense programs, including the RAH-66 Comanche helicopter, the F/A-22 advanced tactical fighter The Advanced Tactical Fighter (ATF) contract was a demonstration and validation program undertaken by the United States Air Force to develop a next-generation air superiority fighter to counter emerging worldwide threats, including development and proliferation of Soviet-era Su-27 and most recently the F-35 Joint Strike Fighter. This new initiative formalizes the company's 30-year history of supporting SDA customers with high reliability products and systems for use in these demanding environments. Symmetricom's Timing, Test and Measurement Division is structured to support three primary business initiatives: Space Defense and Avionics (SDA), Time & Frequency Solutions, including GPS instrumentation, bus level cards and atomic standards, and IP network-based time servers and products for enterprise markets. Development, program management and manufacturing for Symmetricom's SDA products and programs is being centralized in the company's Beverly, Massachusetts facility. This location has been active in design and development of high performance frequency and time products since 1974, including cesium cesium (sē`zēəm) [Lat.,=bluish gray], a metallic chemical element; symbol Cs; at. no. 55; at. wt. 132.9054; m.p. 28.4°C;; b.p. 669.3°C;; sp. gr. 1.873 at 20°C;; valence +1. clocks for GPS satellites. Symmetricom's installed base includes on-orbit GPS clocks with 13 years of continuous operation and more than 400 high performance quartz oscillators to a number of leading prime aerospace and defense contractors. Symmetricom's SDA team has a distinguished history of producing space-grade products including ruggedized and militarized mil·i·ta·rize tr.v. mil·i·ta·rized, mil·i·ta·riz·ing, mil·i·ta·riz·es 1. To equip or train for war. 2. To imbue with militarism. 3. To adopt for use by or in the military. quartz and atomic clock platforms for commercial satellites, scientific missions, and the most demanding military satellite applications. Symmetricom engineers have proven design expertise in areas such as vibration isolation, low acceleration sensitivity, low phase noise performance and radiation hardening. "Following Symmetricom's merger with Datum The singular form of data; for example, one datum. It is rarely used, and data, its plural form, is commonly used for both singular and plural. and TrueTime last year, we integrated the combined product lines and are now positioning our technical resources to increase our focus on the domestic and international defense initiatives," said Tom Steipp, Symmetricom president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We believe that our focus on SDA is a natural extension of our core timing, test and measurement business that will provide revenue growth and continue to position the company as an industry leading technology partner." "We are proud of our long history supporting the unique needs of our aerospace and defense customers and are working to meet the sophisticated requirements of our nation's next generation defense infrastructure," said Lisa Withers withers the region over the backline where the neck joins the thorax and where the dorsal margins of the scapulae lie just below the skin. fistulous withers see fistulous withers. , Symmetricom's Timing Test & Measurement Division's executive vice president and general manager. "I believe the combination of our strong technical capabilities and commitment to this important business initiative will uniquely position Symmetricom and our SDA customers for long term, mutual success." This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject 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. created by those Sections. These forward-looking statements include statements concerning revenue growth and Symmetricom's position as an industry leading technology partner. Symmetricom's actual results could differ materially from those projected or suggested in these forward-looking statements. Factors that could cause future actual results to differ materially from the results projected in or suggested by such forward-looking statements include: reduced rates of demand for telecommunication products and test and measurement products, timing of orders, labor strikes at major customers, cancellation or delay of customer orders, difficulties in manufacturing products to specification, customer acceptance of new products, customer delays in qualification and field trials of key new products, failure to realize expected operating synergies from the consolidation of the Irvine facility into the Beverly facility, geopolitical ge·o·pol·i·tics n. (used with a sing. verb) 1. The study of the relationship among politics and geography, demography, and economics, especially with respect to the foreign policy of a nation. 2. a. risks such as terrorist acts and the risk factors listed from time to time in Symmetricom's reports filed with the Securities and Exchange Commission, including but not limited to, the report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended June 30, 2002 and the report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended March 31, 2003. About Symmetricom's Timing, Test and Measurement Division Symmetricom's Timing, Test and Measurement Division is headquartered in Santa Rosa, California Santa Rosa is the county seat of Sonoma County, California, USA. As of January 1 2007, the population of Santa Rosa was approximately 157,985 residents. Santa Rosa is the largest city in California's Wine Country and fifth largest city in the San Francisco Bay Area, after San . The division was established in October, 2002 following Symmetricom's merger with TrueTime, Inc. and Datum, Inc. This Division designs and manufactures precision time and frequency products for synchronizing today's complex computer, communications, and instrumentation systems. About Symmetricom Symmetricom is the leading worldwide supplier of atomic clocks and network synchronization and timing solutions. The company designs, manufactures, markets and provides services for products used in wireline and wireless network synchronization; space, defense and avionics systems; enterprise networks; as well as G.shdsl-based broadband networks in telecom, government and enterprise markets. Symmetricom is based in San Jose, Calif., with offices worldwide. For more information, visit http://www.symmetricom.com. |
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