Company Selects MTI Engineering Ltd. as Manufacturer Representative
WARREN, N.J., June 17 /Xinhua-PRNewswire/ -- ANADIGICS, Inc. (Nasdaq: ANAD) today announced that they have selected MTI Engineering, Ltd., as their manufacturer's representative for Israel. MTI will represent ANADIGICS' complete line of wireless and broadband RF semiconductor products effective immediately.
"Developing a strategic sales agreement with a leading manufacturing rep such as MTI, enables ANADIGICS to engage new customers in the growing broadband and wireless communications market around the world," said Marcus Wise, Vice President, Marketing and Sales for Broadband Products, ANADIGICS, Inc. "MTI's extensive sales expertise in communications products provides ANADIGICS with the driving power needed to establish and build our presence in Israel to better serve our customer base there."
Established over 30 years ago, MTI provides consultation and representation to electronics companies worldwide. The company's highly skilled professional and management team have in-depth knowledge and functional understanding of how Israel's top electronic companies conduct business.
"ANADIGICS' robust product portfolio of broadband and wireless products will enable MTI to provide leading-edge RF solutions to our telecommunications customer base," said Adi Peleg, General Manager, MTI Engineering, Ltd. "We look forward to a long, extremely fruitful relationship with ANADIGICS and plan to deliver excellent results based on the quality of ANADIGICS' next generation technology and our established, long term relationships with key electronic OEMs."
To locate your specific sales representative at MTI Engineering, Ltd., visit: http://www.anadigics.com/worldwide_sales/middle_east/israel .
About MTI Engineering, Ltd.
MTI Engineering Ltd. is a representation / distribution / consulting organization, offering a wide range of microwave, telecom and datacom solutions from various companies worldwide. MTI Engineering is the trading branch of the MTI Group, a world-class, hi-tech corporation that is publicly traded on the Tel Aviv Stock Exchange (TASE).
MTI Engineering Ltd. specializes in RF and Microwave products and solutions for both commercial and military applications, semiconductors, RF & Microwave modules, RF & Microwave dielectric substrates and antenna and radome systems. Its customers are all the commercial communications companies in Israel and all of the defense related companies in Israel.
About ANADIGICS, Inc.
ANADIGICS, Inc. (Nasdaq: ANAD) is a leading provider of semiconductor solutions in the rapidly growing broadband wireless and wireline communications markets. Founded in 1985 and headquartered in Warren, NJ, the company's award-winning products include power amplifiers, tuner integrated circuits, active splitters, line amplifiers, and other components, which can be sold individually or packaged as integrated radio frequency and front end modules. For more information, visit www.anadigics.com.
Safe Harbor Statement
Except for historical information contained herein, this press release contains projections and other forward-looking statements (as that term is defined in the Securities Exchange Act of 1934, as amended). These projections and forward-looking statements reflect the Company's current views with respect to future events and financial performance and can generally be identified as such because the context of the statement will include words such as "believe", "anticipate", "expect", or words of similar import. Similarly, statements that describe our future plans, objectives, estimates or goals are forward-looking statements. No assurances can be given, however, that these events will occur or that these projections will be achieved and actual results and developments could differ materially from those projected as a result of certain factors. Important factors that could cause actual results and developments to be materially different from those expressed or implied by such projections and forward-looking statements include those factors detailed from time to time in our reports filed with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2007, and those discussed elsewhere herein.
