Endwave Renews Long-term Supply Agreement with Nokia
30 April 2006
Endwave Integrated Transceivers Continue to Power Nokia’s Cellular Transmission Networks
Endwave Corporation (Nasdaq: ENWV), a leading provider of high-frequency RF modules for telecommunications networks, defense electronics, and homeland security systems, today announced a recently executed follow-on contract with Nokia for the continued production of Endwave’s current and next-generation integrated transceivers. The purchase agreement is effective as of January 1, 2006 and provides a continuous bridge from the previous multi-year agreement between the companies, which concluded on December 31, 2005. The new purchase agreement has “evergreen” status, as it does not provide for an expiration date and may only be terminated by either party upon 18 months’ prior written notice or upon the occurrence of certain events listed in the purchase agreement.
Endwave’s integrated transceivers combine high-frequency transmit and receive functions into a single, integrated, module that forms the heart of a typical digital microwave radio. These radios are commonly used in “backhaul” applications within wireless networks to transmit voice and data traffic from a remote cell site to a central office or switch. Mobile operators understand that microwave radio offers a compelling alternative to expensive leased-line options from local operators due to its rapid deployment, high quality of service, ability to upgrade network capacity as conditions demand, and ease of maintenance. As a leading supplier of integrated transceivers for mobile telecommunications applications, Endwave offers a full portfolio of RF subsystem solutions ranging from 4GHz up through 94GHz.
Endwave’s new agreement with Nokia covers the terms and conditions of the sale of various Endwave integrated transceiver products that provide coverage over multiple licensed microwave frequency bands. These transceivers are used as the core RF module for Nokia’s FlexiHopperTM and FlexiHopper PlusTM microwave radios, which can be used for many communication needs in cellular, fixed and dedicated networks.
“We are pleased to have renewed our long-term agreement with Nokia, our largest customer for the past five years running,” said Ed Keible, CEO and President of Endwave Corporation. “Our volume manufacturing capability coupled with Endwave’s continual introduction of disruptive, low-cost technologies are enabling leading system vendors such as Nokia to meet the growing demand for higher bandwidth wireless communications.”
