Andrew Corporation is changing prices for its HELIAX(R) products to
reflect the higher material costs for metals and petrochemicals used in
manufacturing the company's market-leading cables, connectors, jumpers,
Net prices for most HELIAX products will increase by an average of eight
percent, effective August 1, 2005. In addition, pricing terms that exist
under current customer contracts will be reviewed.
"With crude oil and copper prices near all-time highs, Andrew will
continue to minimize the impact of rising commodity costs on our
customers through innovative process improvements and hedging programs,"
said John DeSana, group president of antenna and cable products, Andrew
Corporation. "This partial recovery of higher material costs for our
industry-leading HELIAX products will enable Andrew to continue to
provide products that exceed our customers' quality and performance
Concurrent with the price increase, Andrew Corporation is simplifying
the price structure for its HELIAX products. The new structure will
bring list prices more in line with the actual prices customers pay for
HELIAX products. Revised list prices will be available beginning August
1, 2005 at www.andrew.com/catalog38/price_list.aspx
and from any Andrew sales office or authorized distributor worldwide.
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 Orland Park, IL, is an S&P 500 company founded in 1937.
HELIAX is a registered trademark 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 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.