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California Amplifier and Zinwell Corp. Sign Joint Development and Supply Agreement for Satellite Products

04/11/02

 

 

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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