Wegener Ships Initial Phase of $30 Million Order to International Private Network Operator
(June 18, 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 shipped the COMPEL uplink management system as part of the previously announced five-year order worth more than $30 million to a major international private network operator. The order is for Wegener's UNITY series digital receivers and COMPEL uplink management system to deliver programming to network subscribers. The COMPEL system is used to manage the entire network.
Wegener will ship UNITY series digital receivers for this order over the next five years, shipping approximately $6 million in product per year. Wegener is scheduled to ship $1.5 million worth of product per quarter for the life of the contract; which is equivalent to approximately one-third of recent quarterly revenue.
"We have worked closely with this customer to provide a customized and sophisticated system which meets all the customer's requirements," said Keith N. Smith, president of Wegener Communications. "We are pleased to have shipped the first components of this order on schedule, allowing Wegener to recognize revenue as expected. This order is indicative of Wegener's goal to establish long-term relationships with significant clients. We will strive to continue developing leading-edge technology for our clients."
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.
Certain of the above statements regarding Wegener constitute forward-looking statements, which may involve risks and uncertainties. A variety of factors could cause the Company's actual results to differ from the anticipated results expressed in such forward-looking statements.