RF Micro Devices Announces Production Orders with Sanyo
Volume Shipments Have Begun To This Major Japanese Handset Supplier
RF Micro Devices, Inc. (Nasdaq: RFMD), a leading provider of proprietary radio frequency integrated circuits (RFICs) for wireless communications applications, announced today that it has received production orders to supply power amplifiers (PAs) for Sanyo s latest dual band CDMA PCS handset. Sanyo s customers include Sprint PCS.
Volume shipments have begun and will ramp to a multimillion-dollar level this calendar year.
"This business relationship is an important accomplishment in RFMD s continuing effort to diversify our customer base in the Japanese market," said Jerry Neal, executive vice president of sales, marketing and strategic development for RF Micro Devices. Neal added, "We are pleased to supply our latest 3V GaAs HBT power amplifiers in these Internet-ready handsets."
Greg Thompson, director of worldwide sales for RFMD, stated, "Shipments have already started for this multimillion-dollar application. We believe the sub-assembly and contract manufacture markets in the Asia Pacific region represent a high growth area of our business and we plan to continue to expand our presence and support in Asia. Additionally, these production orders are particularly meaningful because we continue to believe the CDMA market represents a high-growth opportunity for the Company, and Sanyo is one of the leading suppliers of CDMA phones. We anticipate this account will become one of our top 10 accounts this quarter."
RF Micro Devices, Inc., an ISO 9001-certified manufacturer, designs, develops, manufactures and markets proprietary RFICs for wireless communications applications such as cellular and PCS phones, cordless phones, wireless LANs, wireless local loop handsets, industrial radios, wireless security systems and remote meter readers.
The Company offers a broad array of products -- including amplifiers, mixers, modulators/demodulators, and single-chip receivers, transmitters and transceivers -- representing a substantial majority of the RFICs required in wireless subscriber equipment. The Company s strategy is to focus on wireless markets by offering a broad range of standard and custom designed RFICs in order to position itself as a "one-stop" solution for its customers RFIC needs. RF Micro Devices, Inc. is traded on the Nasdaq National Market under the symbol RFMD.
This press release contains forward-looking statements that relate to the Company s plans, objectives, estimates and goals. Words such as "expects," "anticipates," "intends," "plans," "believes," and "estimates," and variations of such words and similar expressions identify such forward-looking statements. The Company s business is subject to numerous risks and uncertainties, including probable variability in the Company s quarterly operating results, manufacturing capacity constraints, risks associated with the Company s operation of its current wafer fabrication facility and the construction of an additional facility, dependence on a limited number of customers, variability in production yields, the Company s ability to manage rapid growth, dependence on third parties and risks associated with doing business in Asia and other areas of the world. These and other risks and uncertainties, which are described in more detail in the Company s Annual Report on Form 10-K filed with the Securities and Exchange Commission, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.
RF Micro Devices(R)and RFMDTM are trademarks of RF Micro Devices, Inc. All other tradenames, trademarks and registered trademarks are the property of their respective owners. For further information about RFMD, please visit our home page at http://www.rfmd.com.
Contact: RF Micro Devices Jerry D. Neal, Executive Vice President of Sales, Marketing and Strategic Development Dean Priddy, CFO and Vice President of Administration Greg Thompson, Director of Sales Tel: 336/664-1233
RF Micro Devices
Jerry D. Neal, Executive Vice President of Sales, Marketing and Strategic
Development
Dean Priddy, CFO and Vice President of Administration
Greg Thompson, Director of Sales
Tel: 336/664-1233
Web site: http://www.rfmd.com
