U.S. Robotics selects Morton Grove, Illinois as site for expansion; New facility to accommodate rapid growth; Will design, manufacture and distribute information access products for consumer markets worldwide.SKOKIE, Ill.--(BUSINESS WIRE)--Feb. 15, 1995--U.S. Robotics, Inc. (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 :USRX) today announced plans to expand its operations by entering into an agreement to purchase a 302,000 square foot facility on a 23 acre parcel in Morton Grove, Illinois Morton Grove is a village in Cook County, Illinois, United States. The population was 22,451 at the 2000 census. The current mayor of Morton Grove is Richard Krier. from Northern Telecom. U.S. Robotics (U.S. Robotics, Inc., Schaumburg, IL, www.usr.com) A modem manufacturer highly regarded for its quality products. The company manufactures its own chipsets (data pumps) and often leads with innovations. Its HST protocol was a high-speed, reliable protocol before V. recently occupied the building, and is using it for warehousing and assembly operations. Later this year, the company will move certain surface mount manufacturing and technical functions to the Morton Grove Morton Grove, village (1990 pop. 22,408), Cook co., N of Chicago, NE Ill.; inc. 1895. It has research laboratories and plants that manufacture goods such as pumps, electrical equipment, and cosmetics. site. Other engineering and administrative moves will follow. U.S. Robotics expects the new facility to create more than 500 new jobs during the next three years, and expects to invest more than $15 million in the facility. ``After careful review, Morton Grove was chosen as an ideal location for our new facility,'' said Casey Cowell, U.S. Robotics chairman, president and ceo. ``We appreciate the Village's assistance in helping us make our selection. We are also grateful to the State of Illinois and members of the Edgar administration, which provided us with the technical assistance and incentives critical to our decision.'' Cowell added, ``Morton Grove met the attributes most important to U.S. Robotics including its proximity to our current Skokie locations and our ability to attract a highly-qualified workforce from the north side of Chicago as well as from the north and northwest suburbs.'' Morton Grove Village Administrator Larry N. Arft commented, ``We are very excited that a quality, high-technology company like U.S. Robotics is making the investment to become a corporate resident of our community.'' The need for an additional facility is due to the worldwide trends in corporate and personal computing Refers to users working on their own computers rather than a terminal to a mainframe. Sometimes, the term refers to using computers at home for work and/or entertainment in contrast to business use only. See personal computer. that stimulate demand for U.S. Robotics modem, Wide Area Network and Local Area Network products. The expansion of home offices and telecommuting telecommuting, an arrangement by which people work at home using a computer and telephone, transmitting work material to a business office by means of a modem and telephone lines; it is also known as telework. , wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. and other portable communication devices and the proliferation of corporate and public information networks have become critical to business and personal life in the '90's. U.S. Robotics, Inc., is a leading designer, manufacturer and marketer of information access systems and products. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Illinois Department of Commerce and Community Affairs, U.S. Robotics is among the fastest growing companies in Illinois. In 1993, the company employed 652 workers in Illinois. Today that number has grown to 1535. For the fiscal year ended October 1, 1994, U.S. Robotics' revenues were $378.7 million, up from $189.2 million in fiscal 1993, which represented a 100% increase. On October 19, 1994, the company announced a definitive merger agreement to acquire Megahertz One million cycles per second. See MHz. MegaHertz - (MHz) Millions of cycles per second. The unit of frequency used to measure the clock rate of modern digital logic, including microprocessors. Holding Corporation. Based in Salt Lake City, Utah For ships of the United States Navy of the same name, see . Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C. , Megahertz is a leading provider of mobile communications solutions. The transaction has been approved by the boards of both U.S. Robotics and Megahertz, and is subject to stockholder approval. A special meeting of stockholders will be held on February 22, 1995. The company's corporate headquarters, corporate/systems division, personal communications division and manufacturing operations are located in Skokie, Illinois; its international operations are based in France. U.S. Robotics owns and operates U.S. Robotics Ltd. in Slough, England, U.S. Robotics, s.a. in Villeneuve d'Ascq, France and P.N.B. s.a., based in Suresnes, France. The company markets its products to businesses, institutions, government agencies, original equipment manufacturers and to end-users. CONTACT: U.S. Robotics, Inc., Skokie Karen J. Novak, 708/982-5244 |
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