Celeritek Receives a $2.6M Order for 28 GHz LMDS Components
SANTA CLARA, Calif. Celeritek, Inc. (Nasdaq: CLTK), a leading provider of GaAs radio frequency integrated circuits (RFICs) and subsystems for wireless communication applications, today announced it has received a $2.6 million order for 28 GHz Low Noise Downconverters. This order is expected to ship in calendar 2000.
"We are pleased by the continued order flow which demonstrates the strength in the wireless market for broadband mmWave infrastructure products," said Tamer Husseini, president and chief executive officer. "Our internal mmWave GaAs MMIC capability, mmWave circuit technology, and integration experience continues to offer the best solutions to this important marketplace."
This follow-on order is from a major full service provider of 28 GHz Local Multipoint Distribution Services ("LMDS"). LMDS is a broadband fixed wireless point-to-multipoint communications system. It provides wireless broadband data access to customers without the expense or time associated with wired systems such as fiber. A full service system includes all components required to provide network access including wireless transport, customer interfaces, and an interface to other network equipment.
"The market for multipoint is beginning to be accepted and adopted by the service providers. We believe the leaders are proving that wireless broadband data systems work, and now we re seeing the first signs of production rollouts. The order activity in this segment is very encouraging," said Frank Sasselli, vice president of wireless subsystems sales and marketing.
Celeritek designs and develops products using MESFET, pHEMT, and, most recently, HBT GaAs processes tailored to support high capacity broadband wireless applications. Celeritek is a leading provider of mmWave components and subsystems. The Company s products are used worldwide by leading manufacturers of wireless communication systems.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements represent the company s expectations or beliefs concerning future events and include statements, among others, regarding the long-term potential of the market, the characteristics of companies that would be most successful in those markets and expected shipment schedules.
Actual results could differ materially from those projected in the forward-looking statements as a result of known and unknown risk factors and uncertainties. Such factors may include, but are not necessarily limited to, the timing, cancellation or delay of customer orders; continued achievement of design wins; the mix of products sold; changes in manufacturing capacities and variation in the utilization of this capacity; market acceptance of the company s and customers products; variation in manufacturing yields and other competitive factors. Reference is made to the discussion of risk factors detailed in the company s filings with the Securities and Exchange Commission, including its reports on Forms 10-K and 10-Q.
SOURCE Celeritek, Inc.
CONTACT: Peggy Smith of Celeritek, 408-986-5060 (CLTK)
Peggy Smith of Celeritek, 408-986-5060 (CLTK)
