ANADIGICS Ships Over 100 Million ICs for Broadband Cable Systems and High Speed Fiber Networks
Increased Demand for High Speed Broadband Services Accelerates Achievement of Company Milestone
Warren, NJ. ANADIGICS Inc., (ANAD:Nasdaq), a leading supplier of wireless and broadband communications solutions, today announced that the Company has shipped over 100 million industry-leading broadband RFICs (radio frequency integrated circuits) for cable systems and fiber optic networks. The Company s broadband communications product lines include receiver solutions for high speed SONET Telecom networks, Datacom networks, and Internet backbones, as well as highly-integrated tuner ICs and broadband amplifiers for cable television, Internet, and IP telephony systems. Increased development of fiber optic infrastructure to support rising demand for Internet bandwidth as well as emerging two-way digital cable services have resulted in a strong demand for ANADIGICS broadband solutions, which contributed to a 57% increase in cable products revenue in the first half of 2000, year over year.
"The strong demand for ANADIGICS bandwidth-enabling solutions, driven by the explosive growth of the Internet and the insatiable demand for high-speed, interactive cable services, has grown our broadband revenue opportunity at an unprecedented rate," said Dr. Bami Bastani, President & CEO of ANADIGICS. "As we continue to introduce highly-integrated, best-in-class broadband solutions, we expect to grow our share in the accelerating broadband cable and fiber markets."
ANADIGICS wide range of broadband solutions are found throughout cable television networks, distribution systems, and many diverse fiber optic networking systems. The Company s cable subscriber products include DOCSIS compliant highly-integrated tuner ICs and reverse path amplifiers for use in high-speed cable modems, set-top boxes, and IP telephony systems. ANADIGICS cable distribution products include GaAs 12 volt line amplifiers and the industry s first GaAs 24 volt line amplifier, cable drop amps, and the emerging fiber node amplifiers supporting FTTC (fiber-to-the-curb) and FTTH (fiber-to-the-home) systems. ANADIGICS fiber optic products are at work in internet backbones, SONET networks, Gigabit Ethernet and Fibre Channel systems, and data storage networks with receivers ranging from OC-1 to the recently introduced OC-192 product family. The Company s innovative solutions and leading-edge 6-inch GaAs manufacturing capability enable it to provide world-class products to the Industry s leading OEMs, including Motorola, Scientific Atlanta, Nortel Networks, Lucent Technologies, Stratos Lightwave, and Cisco Systems.
For additional information, contact ANADIGICS by phone (908) 668-5000 or FAX (908) 668-5132. ANADIGICS (NASDAQ: ANAD) designs and manufactures radio frequency integrated circuit (RFIC) solutions for growing broadband and wireless communications markets. The Company s innovative high frequency RFICs enable manufacturers of communications equipment to enhance overall system performance and reduce manufacturing cost and time to market. By utilizing state-of-the-art manufacturing processes for its RFICs, ANADIGICS achieves the high-volume and cost-effective products required by leading companies in its targeted high-growth communications markets. ANADIGICS was the first GaAs IC manufacturer to receive ISO 9001 certification. For more information on ANADIGICS, visit the Company s Web site at www.anadigics.com
Except for historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties, including, but not limited to, order rescheduling or cancellation, changes in estimated product lives, timely product and process development, individual product pricing pressure, variation in production yield, difficulties in obtaining components and assembly services needed for production of integrated circuits, change in economic conditions of the various markets the Company and its customers serve, as well as other risks detailed from time to time in the Company s reports filed with the Securities and Exchange Commission, including the report on Form 10-K for the year ended December 31, 1999. Forward-looking statements can generally be identified as such because the context of the statement will include words such as the Company "believes", "anticipates", "expects", or words of similar import. Similarly, statements that describe the Company s future plans, objectives, estimates, or goals are forward-looking statements.
Web site: http://www.anadigics.com
