Radyne Books Over $4 Million in New Orders During Last Week of 2004
08 January 2005 - 12:05AM
PR Newswire (US)
Radyne Books Over $4 Million in New Orders During Last Week of 2004
PHOENIX, Jan. 7 /PRNewswire-FirstCall/ -- Radyne ComStream (Nasdaq:
RADN; Warrants: RADNW) today announced that it received more than
$4 million in new orders during the last week of 2004 including an
order for $1.1 million to supply an Asian Telecommunications
Provider with its flagship satellite modem, the DMD20. The new
orders covered Radyne's broad spectrum of products and also
included frequency converters, microwave modems, datacast
receivers, HDTV encoders, and HDTV decoders. These new orders are
in addition to previously announced orders. "The DMD20 continues to
increase its penetration in the marketplace as a variety of
customers recognize its versatility, reliability and large
feature-set," said Bob Fitting, Radyne's CEO. "The string of recent
orders has demonstrated customer confidence in Radyne's ability to
support a range of satellite communication needs from mobile phone
backhaul to remote Defense installations as well as HDTV
broadcast." About Radyne ComStream Radyne ComStream designs,
manufactures, sells, integrates and installs products, systems and
software used for the transmission and reception of data and video
over satellite, microwave and cable communication networks. The
Company, through the Tiernan subsidiary, is a supplier of HDTV and
SDTV encoding and transmission equipment. Radyne ComStream is
headquartered in Phoenix, Arizona, has manufacturing facilities in
Phoenix and San Diego, and sales offices in Singapore, Beijing,
Jakarta and London. The Company also has sales and/or service
centers in Sao Paulo, Bangalore, Shanghai and Moscow. For more
information visit our web site at http://www.radn.com/. Safe Harbor
Paragraph for Forward-Looking Statements This press release
includes statements that may constitute "forward- looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995 (the "Reform Act") and Radyne ComStream claims
the protection of the safe-harbor for forward-looking statements
contained in the Reform Act. These forward-looking statements are
often characterized by the terms "may," "believes," "projects,"
"expects," or "anticipates," and do not reflect historical facts.
Forward-looking statements involve risks, uncertainties and other
factors that may cause actual results, performance or achievements
of Radyne ComStream and its subsidiaries to be materially different
from those expressed or implied by such forward-looking statements.
Factors that could affect Radyne ComStream's results and cause them
to materially differ from those contained in the forward-looking
statements contained herein include, without limitation our belief
that the Company's products will satisfy their customer's
requirements and lead to higher market penetration and, therefore,
higher revenues and profits. Other factors that may affect
forward-looking statements and the Company's business generally
include but are not limited to: * Prospects of the international
markets and global economy given that Radyne ComStream depends
heavily on international sales. * A downturn in the evolving
telecommunications and Internet industries. * The effect that acts
of international terrorism may have on Radyne ComStream's ability
to ship products abroad. * Other factors that Radyne ComStream is
currently unable to identify or quantify, but may exist in the
future. Forward-looking statements speak only as of the date the
statement was made. Radyne ComStream does not undertake and
specifically declines any obligation to update any forward-looking
statements. For further information please contact: Malcolm Persen,
Chief Financial Officer of Radyne ComStream, +1-602-437-9620
DATASOURCE: Radyne ComStream CONTACT: Malcolm Persen, Chief
Financial Officer of Radyne ComStream, +1-602-437-9620 Web site:
http://www.radn.com/
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