Andrew Corporation, a global leader in communications systems and
products, is implementing additional pricing actions to counteract the
ongoing, dramatic increase in the costs of raw materials, especially
copper, used in manufacturing its market-leading cable products.
Effective May 1, Andrew will increase the previously implemented
surcharge assessed on its HELIAX(R) and RADIAX(R) products. In addition,
the company on June 1 will expand the use of surcharges to include all
cable products, such as connectors, assemblies, and accessories, which
utilize these raw materials. These surcharges will be adjusted
periodically as the market rate of copper fluctuates.
"As copper costs soar, we are taking aggressive steps in pricing and
product development to ensure our continued commitment to
cost-effectively providing the world's highest quality and performance
in cable products," said John DeSana, group president, Antenna and Cable
Products Group, Andrew Corporation.
Andrew also is continuing its research and testing of alternative
materials in the manufacture of cable products. "The use of materials
other than copper represents a major technology change in the
application of wireless radio frequency (RF) cable, and Andrew's team of
experts are leading the effort to ensure that alternative metals can
provide RF performance that is of the same world-class quality and
reliability that our customers have come to expect from us," said DeSana.
Additional detail on the cable surcharge is available from Andrew's
sales representatives, distributors, and www.andrew.com/search/docviewer.aspx?docid=7488.
About Andrew Corporation
Andrew Corporation (NASDAQ:ANDW) designs, manufactures, and delivers
innovative and essential equipment and solutions for the global
communications infrastructure market. The company serves operators and
equipment manufacturers from facilities in 35 countries. Andrew (www.andrew.com),
headquartered in Westchester, IL, is an S&P 500 company founded in 1937.
HELIAX and RADIAX are registered trademarks of Andrew Corporation.
Forward Looking Statements
Some of the statements in this news release are forward looking
statements and we caution our stockholders and others that these
statements involve certain risks and uncertainties. Factors that may
cause actual results to differ from expected results include
fluctuations in commodity costs, the company's ability to integrate
acquisitions and to realize the anticipated synergies and cost savings,
the effects of competitive products and pricing, economic and political
conditions that may impact customers' ability to fund purchases of our
products and services, the company's ability to achieve the cost savings
anticipated from cost reduction programs, fluctuations in foreign
currency exchange rates, the timing of cash payments and receipts, end
use demands for wireless communication services, the loss of one or more
significant customers, and other business factors. Investors should also
review other risks and uncertainties discussed in company documents
filed with the Securities and Exchange Commission.