Celeritek Reports Memoranda of Understanding With Gilat Satellite Networks
Santa Clara, CA. Celeritek (Nasdaq: CLTK), a designer and manufacturer of GaAs semiconductor components and GaAs-based subsystems for broadband transmission of voice, video and data over wireless networks, today announced that it has received development and pre-production orders from Gilat Satellite Networks Ltd. The orders are for high volume antenna mounted transmit outdoor units (ODUs).
In addition, Celeritek and Gilat have signed a series of Memoranda of Understanding for the production of a family of satellite transmit units. The GaAs-based subsystems are intended for use in Gilat s high volume data, rural telephony and broadband two-way satellite systems. Commercial volume production is expected to begin in the third calendar quarter of 2000 and to reach full production rates by the second calendar quarter of 2001. "We believe Gilat s selection of Celeritek confirms our strategy of leveraging the company s capabilities in high volume GaAs MMIC s and integration technologies to meet our customers new requirements and bring broadband access to consumers," commented Frank Sasselli, vice president, Satellite Subsystems.
Celeritek designs and manufactures gallium arsenide, or GaAs, semiconductor components and GaAs-based subsystems used in the transmission of voice, video and data over wireless communications networks. The company s semiconductor components and subsystems are designed to facilitate broadband voice and data transmission in mobile handsets and wireless communications network infrastructure.
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, customer acceptance of its new products and the timing of production orders. 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, cancellations 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.
Contact:
Peggy Smith of Celeritek, Inc.
Tel: 408-986-5060
Peggy Smith of Celeritek, Inc.
Tel: 408-986-5060
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