CommScope, Inc. (NYSE: CTV), a global leader in infrastructure solutions for communications networks, today announced it has been added to the annual FORTUNE 1000 list of the largest corporations in the United States. With 2006 sales of approximately $1.62 billion, CommScope was ranked No. 11 in the "Network and Other Communications Equipment" industry by FORTUNE magazine, alongside the nation's other leading communication technology companies.
"Being on the FORTUNE 1000 is a testament to the tremendous efforts of our 4,500 talented employees and the value they deliver to our customers large and small around the world," said Frank M. Drendel, CommScope Chairman and CEO. "CommScope is committed to developing and providing our customers with next- generation communication network infrastructure solutions. Our position on this distinguished list of leading multi-national corporations further validates our strategic plan and our focus on the 'last mile' of telecommunications."
Founded more than 25 years ago by Frank Drendel, Chairman and CEO, and Jearld Leonhardt, Executive Vice President and CFO, CommScope currently employs over 4,500 employees globally and serves customers in more than 130 countries. CommScope today is one of the world's foremost providers of engineered solutions to communications providers, including infrastructure solutions, environmentally secure cabinets and software. CommScope's evolving technological portfolio enables the Company to support a broad spectrum of telecom convergence solutions.
The FORTUNE 1000 is FORTUNE magazine's list of the largest U.S. companies ranked by revenue and is one of the most widely-quoted and highly-recognized business lists.
About CommScope
CommScope (NYSE: CTV) (http://www.commscope.com) is a world leader in infrastructure solutions for communication networks. Through its SYSTIMAX(R) Solutions(TM) and Uniprise(R) Solutions brands, CommScope is the global leader in structured cabling systems for business enterprise applications. It is also the world's largest manufacturer of coaxial cable for Hybrid Fiber Coaxial applications. Backed by strong research and development, CommScope combines technical expertise and proprietary technology with global manufacturing capability to provide customers with high-performance wired or wireless cabling solutions.
Forward-Looking Statements
All statements in this press release that are not historical facts should be considered forward-looking statements that are based on information currently available to management, management's beliefs, as well as on a number of assumptions concerning future events. Forward-looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, which could cause the actual results to differ materially from those currently expected. For a more detailed description of the factors that could cause such a difference, please see CommScope's filings with the Securities and Exchange Commission. In providing forward-looking statements, the company does not intend, and is not undertaking any obligation or duty, to update these statements as a result of new information, future events or otherwise.
Investor Relations & Corporate Communications:
Phil Armstrong of CommScope, Inc., +1-828-323-4848