SAN JOSE, California/WARRINGTON, UK, January 22, 2002 – DMC Stratex Networks, Inc. (NASDAQ: STXN), one of the world’s foremost solutions providers for mobile applications and broadband wireless access, and EXi telecoms, a leading independent global provider of telecom services based in the U.K., today announced an agreement to facilitate the fast track roll-out of global 3G solutions. The agreement commences the joint pursuit of mobile infrastructure network build, operate and maintain services, as well as microwave link business opportunities. Anticipated projects under the agreement will include mobile access deployments in Europe, the Middle East, Africa and Asia Pacific territories.
“This agreement presents significant benefits for mobile operators planning to implement 3G solutions,” stated Graham Powell, Vice President of Global Services at DMC Stratex Networks. “EXi telecoms has a proven track record of implementing and supporting the latest technology and providing high quality service and delivery. The agreement will allow DMC Stratex Networks to focus on product development and manufacturing, while EXi telecoms will provide ramp up capability and support for our mobile and wireless solutions.”
Group Managing Director of EXi telecoms, Berwyn Roberts added, “The current debate about ‘when’ 3G will start to be rolled out worldwide will soon be overshadowed by ‘how’ this will happen. This global agreement will provide a full turnkey ‘solution offering’ for network operators on a worldwide basis. We are excited to implement advanced mobile access technology, deployed to the timescales and quality of service levels that customers demand.”
Last year, EXi telecoms reported sales of £85m. More than 50% of that turnover was generated outside Britain, with the company operating in twenty countries on five continents. In just over five and a half years, staff numbers have grown from 60 to 1500 and the company by over 4,000%.
The company is 53rd in the Sunday Times TechTrack 100 award and 82nd in The Sunday Times Virgin Atlantic Fast Track 100 listing of companies; the sixth highest telecoms company and sixth highest job creator in the rankings. The group also won an award in The Royal Bank of Scotland/Sunday Times 2001 Business Enterprise Awards and the Financial Mail on Sunday ‘Enterprise 2001’ Export Award.
Further information follows:
The EXi telecoms Group is one of the largest independent global providers of telecommunications services. It provides specialist telecoms services to major telecoms operators and equipment manufacturers world-wide. EXi telecoms has managed large and complex outsourcings in Europe, the Middle East, Africa and Asia Pacific. These skills are provided in the areas of implementation, test, network integration and support of telecoms networks, including the datacom market. By specialising in these areas EXi telecoms allows its customers to focus on their core business, enabling faster response to market demands at lower total costs, whilst improving customer service quality levels.
EXi Ltd (UK) was formed in 1995 with 60 employees. The group now has over 1500 personnel directly employed world-wide and has grown 4,000% since its formation in 1995. The group’s headquarters are in Warrington (UK), with regional headquarters in Dusseldorf (Western Europe), Dallas (USA), Zagreb (Central and Eastern Europe), Kuala Lumpur (Asia Pacific) and Beirut (Middle East & Africa) with associated satellite companies. EXi telecoms invests heavily in competence development to ensure their staff are ready to support the rapidly expanding global market for telecoms services, especially 3G.
Please visit http://www.exitelecoms.com for more information.
DMC Stratex Networks, Inc.
With worldwide headquarters in San Jose, California, DMC Stratex Networks, Inc., is one of the world’s foremost wireless solutions providers for mobile applications and broadband access – enabling the development of complex communications networks worldwide. Since it was founded in 1984, the Company has achieved international recognition for quality, innovation, and technical superiority in delivering data, voice, and video communication systems, including comprehensive service and support. DMC Stratex Networks, with its broad product offering and worldwide sales and support organization, is strategically positioned to serve its customers’ needs in wireless high-capacity transmission technology.
Additional information can be found at http://www.dmcstratexnetworks.com
Photos available at Marketing Projects’ web site in the press room for EXi telecoms: http://www.marketingprojects.co.uk/poframset.html
Further information & interviews:
Jane Harrad-Roberts, Marketing Projects
Mobile: +44 7785 395705
Tel: +44 1244 330000
Fax: +44 1244 330101
Derek Hussey, EXi telecoms
Mobile: +44 7720 461537
Tel: +44 1925 535200
Fax: +44 1925 535400
Laura Graves, DMC Stratex Networks
Director of Investor Relations
This press release contains statements that qualify as “forward-looking statements” under the Private Securities Litigation Reform Act of 1995, including statements made by DMC Stratex Networks (the “Company”) regarding its partnership with EXI Telecoms, its expectations about business following the current industry down cycle and its expectations, plans, intentions or strategies for the future of its business, including statements regarding demand for the Company’s wireless products, its positioning for continued success and continued market growth. These forward-looking statements are based on current expectations and the Company assumes no obligation to update this information. In addition, the events described in these forward-looking statements may not actually arise. The Company’s actual results could differ materially from those described in this press release as a result of certain risk factors, including an unanticipated change in customer demand, the ability of customers to pay for equipment purchased, the continued availability of financing for network expansions, the ability of the Company and its suppliers to respond to changes made by customers in their orders, the ability of the Company to bring its new products to market quickly at cost-effective prices and to add innovative features that differentiate its products from those of its competitors, and competition in the microwave and access business. For a further discussion of such factors, see the information provided under the heading “Risk Factors” in the Company’s prospectus supplement to the prospectus accompanying the Company’s registration statement on Form S-3 (File No. 333-50820) declared effective on December 7, 2000, and the information provided under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s 2001 Annual Report to Stockholders.
This press release was distributed by ResponseSource Press Release Wire on behalf of Marketing Projects (Chester and London) in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.