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Superconductor Technologies Inc. Extends Agreement With Major CDMA Wireless Carrier
Santa Barbara, CA., Sept. 7: Superconductor Technologies Inc. (NASDAQ:SCON) ("STI"), a leading provider of high performance infrastructure products for wireless voice and data applications, today announced it has executed an extension of an existing general purchase agreement with a major wireless carrier in the United States.
STI extended its existing general purchase agreement with the carrier by almost three years, modifying the term through early 2008. The modified agreement now includes the
SuperLink(TM) product and all of STI's new products, such as AmpLink(TM),
SuperPlex(TM), and a line of performance-leading duplexers.
All of STI's products are compatible with existing and currently planned future wireless network technologies and have played a significant part in the wireless carrier's roll-out of 3G
EV-DO technology. The new provisions in the contract extension take effect immediately.
"This three-year contract extends the February 2003 initial general purchase agreement with this valued customer," said Jeff
Quiram, STI president and chief executive officer. "This extension indicates continued interest in STI's solutions that offer unparalled interference protection and increased sensitivity. Our product suite is tailored to fit the wireless operators' requirements as they upgrade their systems to deliver 3G services."
Quiram continued: "STI anticipated the demand for improved performance by wireless networks as operators roll out
EV-DO and other data architectures. We introduced the AmpLink, SuperPlex and enhanced duplexer lines in 2004, and these products are beginning to show traction with our customers. We have further provided customization of these products to meet our customers' unique needs and applications. We look forward to continued success with this major CDMA wireless carrier through the remainder of 2005 and beyond as it expands its high quality wireless network."
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