MONTREAL, Aug. 27 /CNW Telbec/ - Mitec Telecom Inc. ("Mitec") (TSX: MTM),
a leading designer and manufacturer of mobile wireless, fixed wireless,
broadcast and satellite components has received three new orders, indicating
that a rebound in the market for communications equipment market may be
"We received two new orders from a customer in Africa for equipment from
our recently launched VSAT MTX Block Upconverter line which enables cellular
network expansion. We also received an order for a large earth station
switching network that will be used in a satellite uplink expansion program
taking place in Asia," said Robert Mitchell, Vice President, Global Marketing
"The VSAT order signals the resumption of a multi-phase program. When the
global recession began, momentum on this project slowed down but, it now seems
to be back on track. The switching network order represents new business from
a customer that had previously favored one of our competitors. This win is
another indication that our product line is well-positioned from a geographic
perspective, for major infrastructure programs taking place around the globe."
Since the recession began, Mitec's satellite communications product line
has been gaining traction with new and existing customers. It includes
components for both new satellite networks and enhancement of cellular
coverage, as a backhaul solution, in existing networks. The Corporation's
decision to diversify its product line paid off when the recession hit and
customers began looking for ways to leverage their existing equipment.
Please note: Due to confidentiality provisions, Mitec is generally not
able to disclose the names of its major customers or the financial data
related to sales transactions.
About Mitec Telecom Inc.
Mitec is a leading designer and provider of radio frequency (RF) products
for the telecommunications and satellite communications industries, as well as
a variety of other sectors. Mitec sells its products worldwide to network
providers for incorporation into high-performing wireless networks used in
voice and data/internet communications. Headquartered in Montreal, Canada,
Mitec also operates facilities in California and China. Mitec is listed on the
Toronto Stock Exchange under the symbol MTM. On-line information about Mitec
is available at www.mitectelecom.com.
Certain statements in this release, including statements regarding future
results and performance, are forward-looking statements based on current
expectations. The accuracy of such statements is subject to a number of risks,
uncertainties and assumptions that may cause actual results to differ
materially from those projected, including, but not limited to, the effect of
general economic conditions, decreases in demand for Mitec's products,
fluctuations in selling prices and adverse changes in general market and
industry conditions and other factors listed in Mitec's public filings with
the appropriate securities regulatory authorities.
For further information:
For further information: Mr. Jeffrey Mandel, Director, Investor and
Corporate Relations, (514) 694-9000, firstname.lastname@example.org; Source:
Mitec Telecom Inc.