Published:
Powerwave Expands Operations with Opening of New Manufacturing Facility in Thailand
SANTA ANA, Calif. & LAEM CHABANG, Thailand - (BUSINESS WIRE) - Powerwave Technologies, Inc. (NASDAQ:PWAV), a global leader in
end-to-end wireless coverage and capacity solutions, today announced the
expansion of its worldwide operations with the grand opening of its
newest manufacturing facility located in Laem Chabang in Chonburi
Province, Thailand.
Powerwave is the first full wireless manufacturing company of this type
to be located in Thailand. Expected to be operational by the end of the
year, the 135,000-square-foot facility will initially employ 300
employees, with plans to employ approximately 500 employees by the end
of 2010. The factory will manufacture various products including Remote
Radio Heads, Multi Carrier Power Amplifiers, Power Distribution Units
and Repeaters, and will support Powerwave's repair activities in Asia.
The new facility, which is a Thailand Board of Investment sponsored
development, supports the company's overall goal of reducing costs to
maximize profitability, enabling Powerwave to further consolidate
operations and reduce dependencies on multiple contract manufacturers -
all while establishing a world-class, efficient and effective low-cost
manufacturing site. The new center also promotes the strategic use of
Powerwave's global resources and assets. The Thai facility will
implement Powerwave's newest and latest shop floor control and inventory
management systems.
"As Powerwave expands our presence in the Middle East, China, India, and
Malaysia, the proximity of Thailand to these fast-growing markets and
its world-class infrastructure, shipping and air cargo resources is a
significant factor in our decision to base our operations there," said
Ronald J. Buschur, president and chief executive officer, Powerwave
Technologies. "Also key to our decision was the availability of
skilled/trained employees, specifically in the area of RF engineering
and manufacturing. Once fully operational, we expect that the Thailand
facility will further streamline our cost structure, and we anticipate
this investment will deliver substantial benefits not only for
Powerwave, but also for our direct operator and OEM customers through
the ability to support greater volume and greater production
efficiencies."
About Powerwave Technologies
A global leader in end-to-end wireless coverage and capacity solutions,
Powerwave Technologies, Inc. offers cutting edge wireless infrastructure
to address the demands of enterprise and commercial customers. Powerwave
offers a comprehensive suite of solutions, including Antennas, Base
Station Solutions and Coverage Solutions. Powerwave's product line
supports all wireless network protocols and frequencies including Next
Generation Networks in 4G technology such as WiMAX and LTE. Powerwave
solutions, products and services also help wireless operators and OEMs
reduce capital and operating expenses, speed rollout of services,
improve coverage and capacity, and reduce environmental impact. For more
information, visit us at www.powerwave.com.
Powerwave, Powerwave Technologies and the Powerwave logo are registered
trademarks of Powerwave Technologies, Inc.
Powerwave Technologies, Inc.
Investor Inquiries:
Kevin Michaels
(714)
466-1608
or
Media Inquiries:
John Lee
(714) 466-1367
or
Lutz
PR (for Powerwave)
Erin Lutz
(949) 293-1055
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