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Wegener Receives Orders for Broadcast and Cable Distribution Equipment in Excess of $1 million
(May 7, 2001) - DULUTH, Georgia - Wegener Corporation (Nasdaq: WGNR), a leading provider of digital satellite transmission equipment to broadcast television and cable networks worldwide, announced today that it has received orders for more than $1 million from two major customers for UNITY4422 series digital receivers. Both customers purchased these additional Wegener receivers for continuing network expansion. With these orders expected to be delivered by the end of May, 2001, Wegener Communications expects to recognize revenues from these orders in the current fiscal quarter. "We are pleased that both of these key customers continue their longstanding relationship with Wegener Communications and we are confident our receivers and the COMPEL network control system provide the ideal solutions for the elaborate networks demanded by today's broadcast television and cable programming companies," said Keith N. Smith, president of Wegener Communications. "Both of these companies represent the standard for infrastructure efficiency and sophistication in their respective market segments; Wegener is proud to provide the enabling technology that brings it all together." The UNITY 4422 digital receivers will deliver and decode programming on a nationwide and local basis for both customers. Mr. Smith continued, "These orders are further indication of the improving market for Wegener's products. The entire Wegener organization is dedicated to maintaining and enhancing all customer relationships with perpetually advancing technology and industry leading customer service." ABOUT WEGENER COMMUNICATIONS Wegener Communications is an international provider of digital solutions for IP data, video and audio networks. Applications include IP data delivery, broadcast television, cable television, radio networks, business television, distance education, business music, satellite paging and financial information distribution. COMPEL, Wegener's patented network control system, provides networks with unparalleled ability to regionalize programming and commercials through total receiver control. COMPEL network control capability is integrated into Wegener digital satellite receivers. Wegener Communications can be reached at +1.770.814.4000 or on the World Wide Web at www.wegener.com COMPEL, ENVOY, UNITY, UNITY-IP and IPUMP are trademarks of Wegener Communications, Inc. All Rights Reserved. This news release contains statements which may be forward looking within the meaning of applicable securities laws, including the Private Securities Litigation Reform of 1995. The statements are based upon the Company's current expectations and assumptions, which are subject to a number of risks and uncertainties including, but not limited to: customer acceptance and effectiveness of recently introduced UNITY digital video products, development of additional business for the Wegener digital and analog video and audio transmission product lines, effectiveness of the revitalized international sales organization and the successful development and introduction of new products in the future. The Company intends that such forward-looking statements are subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected or inferred results. |
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| For further information, please contact: C. Troy Woodbury, Jr. Chief Financial Officer Wegener Corporation (770) 814-4000 www.wegener.com RCG Capital Markets Group, Inc., (480) 675-0400 Retail: Jim Estrada, Brett Maas Institutional/Analysts: Joe Diaz, Joe Dorame Media: Jeff Stanlis www.rcgonline.com Email: info@wegener.com World Wide Web: www.wegener.com |
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voice 770 814-4000 fax 770 623-0698 email: info@wegener.com |
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©2000 Wegener Communications |
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