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ALAMEDA, Calif., March 7 /PRNewswire-FirstCall/ -- UTStarcom Inc., (Nasdaq: UTSI), a leading provider of wireless, wireline and broadband access equipment, today announced the launch of its India R&D center. Located in Gurgaon, on the outskirts of New Delhi, the center is the company's second R&D facility in Asia. The company has an ISO 9001 certified primary R&D center in New Jersey and a regional R&D center at Shenzhen in China.
Speaking at the inauguration of the center, Mr. Hong Lu, Founder President & CEO said, "India is a focus market for UTStarcom. In view of the commitment we have towards the country and the opportunity we see here, we have accelerated our plans for this office." Mr. Lu added, "UTStarcom's aim is to bring the latest and most cost effective technologies to high growth telecommunications markets like India while simultaneously adding value locally through cutting edge development at regional R&D centers like the one at Gurgaon."
According to Dr. Jerry Soloway, Senior Vice-President, Engineering, the R&D center would focus on development for the India market and global R&D initiatives.
Indian Operations
UTStarcom recently commenced operations in India by setting up its South Asia liaison office in Gurgaon in May 2001. The company aims to become a complete solution provider through its major product lines, which cater to the complete switching, wireline and wireless access requirements of basic telecommunications operators. The products lines introduced in India are (i) mSWITCH -- the IP-based softswitch, (ii) PAS -- the company's widely deployed and highly successful wireless access system, and (iii) AN2000 -- the multi-service wireline access platform with narrowband and broadband capability.
UTStarcom has identified India as a focus market and is rapidly investing in expanding the breadth and depth of its operations in India. Less than six months after opening a liaison office in Gurgaon, it decided to invest further and set up a global R&D center in Gurgaon. In the short time that UTStarcom has been in India it has already signed on five of the eight basic service operators in the country as clients. In addition, it has established local manufacture of its AN2000 in association with Himachal Futuristic Communications Limited (HFCL).
About UTStarcom, Inc.
UTStarcom designs, manufactures, sells and installs an integrated suite of future-ready access network and next-generation switching solutions. We enable wireless and wireline operators in fast-growth markets worldwide to offer voice, data, and Internet access services rapidly and cost-effectively by utilizing existing infrastructure.
UTStarcom's products provide a seamless migration from wireline to wireless, from narrowband to broadband, and from circuit- to packet-based networks by employing "Next Generation Network Technology. Now."
The Company's customers are public telecommunications service providers that operate wireless and wireline voice and data networks in rapidly growing communications markets around the world.
Founded in 1991 and headquartered in Alameda, California, the Company manufactures the majority of its products at two ISO9002 certified facilities located in China, and maintains sales and customer support sites throughout Mainland China and in Iselin, NJ; Alameda, CA; Miami, FL; Taipei, Taiwan; Hong Kong; Tokyo, Japan; Tel Aviv, Israel and Gurgaon, India.
For more information about UTStarcom, visit the Company's website at www.utstar.com.
NOTE: PAS, AN-2000, mSwitch and the UTStarcom name and logo are trademarks of UTStarcom, Inc. and its subsidiaries.
Forward-Looking Statements
The foregoing statements regarding the company's ability to bring the latest and most cost effective technologies to high growth telecommunications markets, and the growth of the telecommunications market in India are forward-looking in nature and subject to risks and uncertainties that may cause actual results to differ materially. These factors include the changing nature of India's telecommunications market, future government regulation in India, economic trends in India, uncertainties as to the success or duration of key partnerships and alliances, the direction of future research and development efforts, potential cancellations, reductions or delays in system shipments, deliveries and deployments, and uncertainties such as general demand for and acceptance of the Company's products. The Company also refers readers to the risk factors identified in its latest Registration Statement on Form S-3, Annual Report on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission.
