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| Major OEM Selects REMEC as Strategic Supply Partner for Integrated Subsystem |
SAN DIEGO--(BUSINESS WIRE)--July 12, 2004--REMEC Inc. (NASDAQ:REMC) has been selected by a leading European Original Equipment Manufacturer (OEM) customer for the production of an integrated subsystem to be used in all of their Global System for Mobile Communication (GSM) base stations. The OEM will use new products from REMEC as GSM base station antenna filtering sub-systems in order to provide a cost effective solution for network operators. The agreement allows REMEC to build on its leading edge technical development of antenna filtering units for its OEM partners. The product provides mobile telecommunications network operators with a more integrated base station solution. REMEC was selected as a partner based on its technical performance, current prototypes and initial product risk assessment. "REMEC is committed to developing cost-effective products based on the technical standards of leading vendors in the wireless infrastructure market," said Bill Sweeney, REMEC's executive vice president of sales and marketing. "This agreement is indicative of our partnership philosophy to merge leading-edge technology standards together with our OEM partners." About REMEC REMEC designs and manufactures microwave and millimeter wave subsystems used in the transmission of voice, video and data traffic over wireless communications networks and provides advanced integrated microwave subsystem solutions for defense and space electronics applications. REMEC is located at 3790 Via de la Valle, Del Mar, CA 92014. For more information, visit the company's Web site at http://www.remec.com or call 858-505-3713. Statements in this press release that are not historical are forward-looking statements, which involve known and unknown risks and uncertainties. Actual results could differ materially from those implied by such forward-looking statements due to a variety of factors, including, general and industry economic conditions, competition, development factors, operating costs and other risks and uncertainties that are detailed from time to time in our filings with the Securities and Exchange Commission. REMEC is a registered trademark of REMEC Inc. Other brand or product names are registered trademarks or trademarks of their respective holders.
CONTACT: SOURCE: REMEC Inc. |