CommScope, Inc. (NYSE: CTV), a world leader in cable and connectivity solutions for communications networks, today announced an agreement with telecommunications products distributor Power & Tel to provide the Telco market with cost- effective, fully integrated cabinet solutions with improved lead times.
CommScope provides wired cabinets to Power & Tel based on end-user specifications. Power & Tel is then responsible for the integration of electronic kits, other third party materials and testing of each cabinet solution. Through its nine U.S. distribution facilities, Power & Tel is expected to sell the integrated cabinets primarily to its customer base, which includes the Independent Operating Companies (IOC), Competitive Local Exchange Carrier (CLEC) and Incumbent Local Exchange Carrier (ILEC) markets.
With the increased deployment of video, voice, data and wireless applications that drive the growth in the Telco market, CommScope and Power & Tel saw an opportunity to provide customers with faster and more flexible ways to obtain custom cabinet solutions. "This agreement combines CommScope's high quality, environmentally secure cabinets with Power & Tel's expertise to perform equipment integration, wiring and testing of each cabinet solution," said Ted Hally, Executive Vice President and General Manager, CommScope Carrier. "We are excited about our joint capability of providing our Telco customers with value-added cabinet solutions and services."
CommScope has been supplying Power & Tel with the 50 and 52 Series cabinets, which are wired and include a power shelf, since March 2006. Power & Tel completes the equipment integration and is authorized to sell and distribute the cabinet solutions within the United States.
Power & Tel is a global distributor and has served the telecom and cable TV industries for over 40 years. In addition to strong technical and sales support, Power & Tel provides value-added services such as equipment integration, kitting, wiring and testing.
CommScope is a world leader in the design and manufacture of "last mile" cable and connectivity solutions for communication networks. Through its SYSTIMAX(R) Solutions and Uniprise(R) brands, it 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 (HFC) 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.
This press release includes 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.
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"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding CommScope's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.