Andrew Corporation, a global leader in communications systems and products, will apply a surcharge to sales of its market-leading wireless cable products, effective April 3.
The surcharge will partially offset the continued rise in costs of raw materials, especially copper, used in manufacturing and is consistent with industry reaction to this issue. The surcharge will be assessed on Andrew's HELIAX(R) and RADIAX(R) products.
"As prices for copper, oil, and other commodities have significantly increased during the past two years, Andrew has undertaken aggressive actions such as process improvements and forward purchasing programs to minimize the cost impact on our customers," said John DeSana, group president, Antenna and Cable Products, Andrew Corporation. "At this time, the surcharge will help us partially recover these higher material costs, while ensuring our continued commitment to cost-effectively providing the world's highest quality and performance in cable products."
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.
Andrew Corporation
Rick Aspan (Media Contact), 708-236-6568
publicrelations@andrew.com
or
Scott Malchow (Investor Contact), 708-236-6507