|
KAVVERI ACQUIRES SPOTWAVE, ANOTHER WIRELESS TELECOM MANUFACTURING COMPANY
Kavveri Telecom Products Limited, a publicly traded company from Bangalore, India (Bombay Stock Exchange BSE:590041), through its North American wholly owned subsidiary Kavveri Technologies Inc. is pleased to announce the purchase of Spotwave Wireless Canada Inc. and Spotwave Wireless Inc. Kavveri acquires the intellectual property, patents, trademarks, domain names and copyrights; technology, products and product designs; fixed assets including inventory; and goodwill including customer orders and contracts.
Shivakumar Reddy, Managing Director of Kavveri Telecom Products Limited, says “Spotwave’ patented intelligent adaptive repeater inbuilding solution is a key strategic addition to Kavveri’s existing engineered inbuilding product and services business”.
Uma Reddy, Director of Operations stated that “there are also strong synergies between Spotwave and the other business units in the Kavveri Group in terms of markets, customers and sales channels”.
Kavveri Telecom Products Limited continues to enjoy unprecedented growth, offering its investors a global business growth strategy and its telecom customers, a proven line of technologically advanced RF products.
More information on Kavveri and its recent acquisitions is detailed below.
About Kavveri Telecom Products Limited, India
Kavveri Telecom is a leading wireless telecommunications company, providing world-class products and solutions for the wireless telecommunications industry worldwide. Kavveri delivers state of the art technology, spanning a wide spectrum of products including Antennas, RF Components, Cables & Connectors, Repeaters, Fixed Cellular Terminals, and In Building and Solar equipment. Kavveri’s contract manufacturing division also provides complete end to end manufacturing services for telecommunications and wireless components, sub-assemblies, finished products and fully integrated systems, including design, assembly, logistics and after sales service.
Kavveri can be found at
http://www.kaveritelecoms.com
About TIL-TEK Antennae Inc., Canada
Til-Tek has been in business for over 25 years and offers one of the most extensive line ups of carrier and unlicensed antenna systems in the industry. This includes cellular, GSM, CDMA and PCS carrier band products and Spread Spectrum antennas for 900 Mhz, 2400 MHz and 5 GHz, unlicensed (UNII/ISM) frequency bands. Til-Tek offers Omni's, Sectoral, Bi-Directional, Directional Flat Panels, Solid and Grid Parabolic models in Plane and Dual Polarized configurations in addition to its Dual Band offering.
Also added to the Til-Tek product portfolio was the Sigma Wireless cellular infrastructure base station antenna line acquired from the US based PCTEL Inc. This acquisition included technology, intellectual property rights and patents; fixed assets and inventory; and the customers and vendors of Sigma Wireless in Europe.
Til-Tek can be found at
http://www.tiltek.com
About DCI Digital Communications Inc., Canada
DCI Digital Communications Inc. is a manufacturing firm, which specializes in radio frequency interference products. DCI has wide array of standard and custom RF filtering solutions in the 30 MHz to 6 GHz range which also include the design and manufacture of VHF and UHF band pass filters, low pass filters, wi-fi filters, multiplexers, receive-multicouplers, broadband duplexers, tower-top amplifiers, and CDMA repeaters.
DCI can be found at
http://www.dci.ca
Forward Looking Information
Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. These may include, without limitation, statements based on current expectations involving a number of risks and uncertainties related to all aspects of the wireless communications industry. These risks and uncertainties include, but are not restricted to, continued increased demand for the Company's products, the Company's ability to maintain its technological leadership in the field of high-speed wireless communications, the Company's ability to attract and retain key employees, the enforceability of the Company's patents, and the availability of key components.
These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.
For more information please contact:
Kavveri Technologies Inc.
Bill McBride
Ph: (905) 947-4264 Ext. 2011
E-mail: wmcbride@kaveritelecoms.com
|