Celeritek Receives $6.4M in Follow On Orders for CDMA Power Amplifiers
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 $6.4 million in orders for CDMA semiconductor products.
"We are pleased by ongoing orders which demonstrates the strength in the wireless market for our subscriber solutions," said Tamer Husseini, president and chief executive officer. "Our linear power amplifiers are an excellent fit for the CDMA segment of the handset market," continued Husseini.
The additional orders represent follow-on business from a previously announced major U.S. handset manufacturer and are for 3.0V CDMA power amplifiers packaged in leadless chip carrier packages. These amplifiers will be used in CDMA handsets targeted for high volume, data-enabled, consumer applications. The orders are expected to ship in the first half of calendar 2000.
"Fundamental demand for wireless data continues to drive the increase in our orders. Demonstrated CDMA technology leadership and strategic product development is starting to pay off as our customers succeed in their markets," added Bill Hoppin, vice president of semiconductor 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 GaAs based RFIC for use in wireless voice and data applications. 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)
