Business Services Industry
ADC Adds New Primary DC Power Services to Systems Integration Portfolio; DC Power Services Designed for Network Operators
Business Wire, July 21, 2004
MINNEAPOLIS -- ADC (Nasdaq:ADCT; www.adc.com) announced today that it expanded its Systems Integration capabilities with the addition of a new DC power engineering, furnishing and installation offering. The new service capabilities are a direct result of customer requests as North American carriers look for more cost effective ways to maintain their networks.
The new deployment services for DC power were obtained through the purchase of the customer relationships and contracts of Florida-based Stationary Power Systems power services business. A total of 14 employees have transferred to ADC in the transaction, the terms of which are not being disclosed.
The new services are an addition to ADC's services portfolio, which includes engineering, furnishing and installation for common systems and transport equipment used by fixed wire, wireless and cable operators. The addition enables ADC to more fully meet customer needs with an end-to-end array of services for multivendor, multitechnology, multiservice environments.
"With new DC power services, ADC expands the scope of services that carriers can obtain from a single vendor," said Jo Anne Anderson, president of the Systems Integration Business Unit for ADC. "It's a logical extension of our current systems integration services. ADC has significant experience with network infrastructure and systems, and the expertise in primary DC power now means we can offer our customers a more complete infrastructure solution."
ADC anticipates the new DC power services business will produce an additional $3 to $4 million in its remaining fiscal year 2004, which ends on Oct. 31.
ADC provides a broad range of integration services to help operators increase the capacity of their networks, more effectively manage their assets and maximize their network infrastructure. More information on ADC's services capabilities can be found at www.adc.com/integration.
> About ADCADC is a world leader in providing global network infrastructure products, services and software that enable the profitable delivery of high-speed Internet, data, video, and voice services over our customers' unique networks. ADC (Nasdaq:ADCT) has sales into more than 90 countries. Learn more about ADC Telecommunications, Inc. at www.adc.com.
Cautionary Statement under the Private Securities Litigation Reform Act of 1995
All forward-looking statements contained herein, particularly those pertaining to ADC's expectations or future operating results, reflect management's current expectations or beliefs as of the date of such statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. ADC Telecommunications cautions readers that future actual results could differ materially from those in forward-looking statements depending on the outcome of certain factors. All such forward-looking statements are subject to certain risks and uncertainties, including, but not limited to, significant difficulties in forecasting sales and market trends; uncertainties regarding the level of capital spending by telecommunications service providers, as the majority of ADC's sales are derived from these companies; the overall demand for ADC's products or services; the demand for particular products or services within the overall mix of products sold, as our products and services have varying profit margins; changing market conditions and growth rates either within ADC's industry or generally within the economy; the impact of actions we may take as a result of our ongoing portfolio review, which may include business acquisitions or divestitures; ADC's ability to dispose of excess assets on a timely and cost-effective basis; new competition and technologies; increased costs associated with protecting intellectual property rights; the retention of key employees; pressures on the pricing of the products or services ADC offers; performance of contract manufacturers used by ADC to make certain products; possible consolidation among communications service providers; and other risks and uncertainties, including those identified in the section captioned Risk Factors in Item 1 of ADC's Annual Report on Form 10-K for the fiscal year ended October 31, 2003. ADC disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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