6/17/2002 - Spectrum Signal Processing Inc. (NASDAQ: SSPI / TSX: SSY), a leading provider of high performance wireless signal processing and Voice over Packet (VoP) solutions, today announced that it has signed an agreement with Fortune Techgroup Company to provide aXs VoP processing products in the expanding Chinese VoP market. China has one of the fastest growing communications markets in the world. Market analysts estimate that the total wireline and wireless subscriber rate will grow from 350 million subscribers in 2001 to almost 700 million subscribers by 2004. This dramatic growth is fueled by the government’s commitment to build up a communications infrastructure, pent up consumer demand for telecommunications services and the overall economic growth of the country. In response to the lack of metropolitan and rural communications infrastructure, Chinese carriers are investing in packet-based networks, which are less expensive and easier to deploy than traditional circuit switched infrastructure technology. Spectrum is poised to take advantage of this immense growth opportunity in China by working with Fortune to target dominant equipment vendors in the Chinese market.
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