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Wegener Awarded over $30 Million Order for Satellite Broadcast Products
(January 16, 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 totaling over $30 million from 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. Wegener will ship products for this order over the next five years, with initial shipments scheduled to start in the fourth quarter of fiscal 2001. Upon commencement of shipping, Wegener is scheduled to ship $1.5 million worth of product per quarter for the life of the contract. Wegener's 18 month backlog will increase by $6.0 million, bringing total 18 month backlog to $22.1 million. "We are extremely excited to be providing a complete digital satellite solution to this customer. Our UNITY family of IRDs and COMPEL management system made the difference," said Keith N. Smith, President of Wegener Communications. "The shipping schedule for the order provides us with a firm revenue foundation for a number of years. The award of this order to Wegener accomplishes a strategic goal of developing recurring revenue streams. We will continue to build on this revenue model at every opportunity. This order also continues to prove that for dynamic satellite networks where IRD management and control are crucial to network success, Wegener solutions are unmatched in the industry." 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. For further information, please contact: Paul Harr, (770) 814-4000 Email: info@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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