CAMARILLO, Calif.
and TAIPEI, Taiwan, April 11, 2002 -- California Amplifier, Inc. (Nasdaq:
CAMP) and Zinwell Corp. (Taiwan: 2485.TW) today announced a joint development
and supply agreement for certain satellite products.
Under the terms of
the agreement, California Amplifier and Zinwell will jointly engineer and
develop certain satellite reception products.
Additionally, the agreement grants California Amplifier exclusive rights
to market and sell these products in NAFTA countries and non-exclusive rights
in all other countries.
“We look forward to
developing a mutually beneficial relationship with Zinwell for the design, manufacture,
and sale of satellite reception products,” said Fred Sturm, President and Chief
Executive Officer of California Amplifier. “We believe this agreement will allow
California Amplifier to accelerate product innovations and provide the future
cost reductions necessary to position the Company in the competitive
international markets.”
Richard Lin,
President of Zinwell Corp. commented, “We are pleased to join California
Amplifier in providing innovative and cost-effective satellite reception products. Zinwell’s low cost, high volume design and
manufacturing expertise will support California Amplifier’s efforts in the domestic
and international satellite markets.”
About Zinwell Corp.
Founded in Taipei in 1979, Zinwell is a leading designer, manufacturer,
and supplier of transmission products and digital set-top boxes used in
satellite communication and CATV network links. The Company is also a solution
provider for system integration in 3C and IA wireless communication
applications. Zinwell has held ISO 9002 certification since 1994. For
additional information, visit Zinwell’s web site at www.zinwell.com.tw.
About California Amplifier, Inc.
California Amplifier
designs, markets and manufactures a broad line of integrated microwave fixed
point solutions used primarily in conjunction with satellite and terrestrial
broadband applications. The Company’s satellite business unit designs and
markets reception components for the worldwide DBS television market as well as
a full line of consumer and commercial products for video and data
reception. The wireless access business unit designs and markets
integrated reception and two-way transmission fixed wireless solutions for
video, voice, data, telephony and networking applications. California
Amplifier is an ISO 9001 certified company. For additional information, visit
California Amplifier’s web site at www.calamp.com.
Statements
in this release about the Company’s future financial performance, customer
relationships, and the market potential of new products are forward-looking
statements and are subject to risks and uncertainties that could cause actual
results to differ materially from expectations. Words such as “may,” “will,”
“expects,” “intends,” “plans,” “believes,” “seeks,” “could,” “estimates” and variations of these words
and similar expressions are intended to identify forward-looking statements. Factors that could impact California
Amplifier’s future results include the growth of DBS market, benefits of the
agreement with Zinwell, the success of joint development and marketing
initiatives, anticipated cost savings, changes in product demand and market
growth rates, the effect of competition, pricing pressures, supplier
constraints, manufacturing yields, market acceptance of new products and the
viability and market acceptance of new technologies. Although the Company believes the expectations reflected in such
forward-looking statements are based upon reasonable assumptions, it can give
no assurance that its expectations will be attained. The Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information, future events
or otherwise. More information about California Amplifier’s risks is available
in the Company’s annual report on Form 10-K and other filings made from time to
time with the Securities and Exchange Commission.”
For more information,
contact:
Crocker Coulson Rick
Vitelle
Partner Chief
Financial Officer
Coffin Communications Group California
Amplifier, Inc.
(818) 789-0100 (805)
987-9000
crocker.coulson@coffincg.com
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