Andrew Corporation, a global leader in communications products and systems, has resumed production and shipping of certain base station subsystem products from its Shenzhen, China, manufacturing plant after a labor dispute that disrupted a significant part of operations for approximately one week. The company and its approximately 1,600 workers in Shenzhen began returning to full production of filters and tower mounted amplifiers on November 16.
Andrew is working to meet customer demand and eliminate shipping backlog as quickly as possible. The company does not anticipate that this event will cause a material impact on its previously provided financial guidance for first quarter fiscal 2006.
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 original 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.
Forward Looking Statements
Some of the statements in this news release, including those regarding the anticipated impact of the labor disruption at the company's Shenzhen, China facility, 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 timing and impact of resuming full production in our Shenzhen, China facility on customers, suppliers, and employees, 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.
Andrew Corporation
News Media Contact:
Rick Aspan, 708-349-5166
publicrelations@andrew.com
or
Investor Contact:
Scott Malchow, 708-873-8515