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KAVVERI
ACQUIRES SPOTWAVE WIRELESS
Acquisition Strengthens
Markets, Sales Channels and Customer Offerings
Ottawa , ON –
January 18, 2008 – 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. Under the terms of their
“Asset Purchase Agreement”, 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, said, “Spotwave’s patented intelligent
adaptive repeater in building solution is a key strategic addition to
Kavveri’s existing engineered in building product and services
business. Uma Reddy, Director of Operations stated “there are
strong synergies between Spotwave and 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 and solutions.
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 www.kaveritelecoms.com
About
Spotwave Wireless
Spotwave Wireless is a manufacturer
of in-building wireless coverage products for GSM and CDMA
networks. Spotwave’s products are deployed within the top
North American Wireless carriers and by thousands of Enterprises and Consumers.
Spotwave’s solution are unique in that they provide intelligent, adaptive
indoor coverage that seamlessly brings the outdoor signal inside –
ensuring that cell phones and wireless devices work reliably indoors. Changing
the economics of in-building wireless coverage. More information can be found
at www.spotwave.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 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 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.
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