Andrew Corporation, a global leader in communications systems and products, will implement a simplified pricing structure for all cable products.
Effective January 1, 2007, Andrew will eliminate standalone surcharges and adjust list prices to reflect fluctuating costs of raw materials, especially copper, that are used in manufacturing Andrew’s HELIAX® and RADIAX® cable and related products. Prices will be adjusted quarterly, as necessary.
Andrew began applying surcharges on its cable products in April 2006 to partially offset the ongoing, dramatic rise in raw material costs. Effective January 1, surcharges instead will be included in the adjusted prices. On average, however, the new price structure is expected to have little or no impact on current net pricing paid by customers.
“This new structure will simplify pricing of cable products for Andrew customers, and is in direct response to our customers’ feedback regarding standalone surcharges,” said John DeSana, group president, Antenna and Cable Products Segment, Andrew Corporation. “We remain committed to cost-effectively providing the world’s highest quality and performance in cable products, including a simplified pricing plan and new options such as our recently introduced aluminum cable products.”
Additional list price information is available from Andrew’s sales representatives, distributors, and www.andrew.com/catalog38/price_list.aspx.
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 Mid-Cap 400 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.
Andrew Corporation
News Media Contact:
Rick Aspan, 708-236-6568
publicrelations@andrew.com
or
Investor Contact:
Lisa Fortuna, 708-236-6507