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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.
SOURCE: 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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