12/31/2002 - Spectrum Signal Processing Inc. (NASDAQ: SSPI / TSX: SSY), a leading provider of high performance wireless signal processing and packet-voice solutions, announced that it has secured three wireless design wins:
“We have now met our 2002 milestone of 12 design wins. The three design wins announced today demonstrate the success we are having in government wireless markets, such as SIGINT and MILCOM. Of particular note is our MILCOM design win, which validates the value proposition of the SDR-3000 in a new market segment for Spectrum,” stated Pascal Spothelfer, President and CEO of Spectrum. “We are effectively broadening our customer base and securing the wins needed to support our projected increases in future revenue. Once our customers approve more information for public release, we will provide details on each of these wins along with updates in 2003 as to how we are tracking against these wins with respect to revenue."
Each of these three wins meets Spectrum’s design win milestone criteria of US $3 million in projected revenue within the 2 years of receipt of the first purchase order. Spectrum has already received initial orders towards each of these design wins.
About Spectrum Signal Processing Inc.
Spectrum Signal Processing designs, develops and markets high performance wireless signal processing and packet-voice processing subsystems for use in communications infrastructure equipment. Spectrum’s optimized hardware, software and chip technology work together to collect, compress and convert voice and data signals. Leveraging its 15 years of design expertise, Spectrum provides its customers with faster time to market and lower costs by delivering highly flexible, reliable and high-density solutions. Spectrum subsystems are targeted for use in government communications systems, satellite hubs and cellular base stations, media gateways and next-generation voice and data switches. More information on Spectrum and its aXsTM and flexComm product lines is available at www.spectrumsignal.com
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