MONTREAL, July 20 /CNW Telbec/ - Mitec Telecom Inc. ("Mitec") (TSX: MTM), a leading designer and manufacturer of mobile wireless, fixed wireless, broadcast and satellite components announced today it has received initial orders from a leading provider of satellite radio services in North America for a series of trials in their mobile broadcast network.
Mitec was chosen to supply components which resolve interference issues based on the company's demonstrated track record of providing compact, yet very high performance filters for various wireless applications and has extensive design experience in this area. Upon successful completion of these trials, Mitec expects to receive a series of higher volume, follow-on orders early in 2011, which will be manufactured in the company's Suzhou, China facility.
"This order is significant for Mitec since we were in a very competitive situation with a number of other companies who were also bidding for this trial, however we were able to succeed because we have been producing these solutions in high volume for several years. Trials are involved since this is a new market application", commented Dan Piergentili, Mitec's President and CEO.
Mitec has developed a substantial product line in the mobile broadcast area and has been qualified and selected as a preferred vendor by several major providers in this area. Although the technology behind these solutions has been a part of Mitec's product portfolio over the past several years, the global economic crisis delayed any significant impact in sales in the mobile broadcast area.
"This order also represents the first of several major opportunities for which we are working with this customer and we anticipate that the mobile broadcast market will be a significant contributor to revenues going forward with them as well as other participants in this area", said Piergentili.
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.
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. 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.
SOURCE Mitec Telecom Inc.
For further information: For further information: Mr. Jeffrey Mandel, Executive Chairman, and Director, Investor and Corporate Relations, Tel.: (514) 694-9000, firstname.lastname@example.org; Source: Mitec Telecom Inc.