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GURGAON, India, Jul 22, 2003 /PRNewswire-FirstCall via COMTEX/ --
UTStarcom, Inc. (Nasdaq: UTSI), a leading global provider of wireless and wireline access and IP switching solutions, today announced plans to invest U.S. $25 million in its Development Center at Bangalore in India. The expansion will entail doubling employee strength at the facility to 150 engineers over the next two months.
"India is a strategic market for UTStarcom, and our R&D investments in India reiterate our commitment to the country and our customers there," said Ruchir Godura, country manager & director of south Asia operations. "The expansion of the Bangalore Development Center raises our aggregate investments in R&D in India to $50 million, with two full-fledged global R&D centers focusing on cutting-edge development work."
(Logo: http://www.newscom.com/cgi-bin/prnh/20001102/UTSILOGO )
The Bangalore Development Center will undertake 'core' research and design to support UTStarcom's leading 2G and 3G CDMA Data, Voice-Over-IP (VoIP) and Personal Communication Management Systems (PCMS) (Unified Messaging) solutions. With the expansion of the facility, approximately 50 percent of global development work relating to these product lines will now be handled in India.
"UTStarcom enjoys a dominant position in the global 2G and 3G CDMA data and softswitch arena," said Jerry Soloway, senior vice president of engineering at UTStarcom. "With the quality of manpower available and the expertise we have built up in India, the Bangalore Develop Center will enable us to focus on developing new, innovative technologies in these product areas that will continue to push UTStarcom's ability to compete in the marketplace."
The Bangalore Development Center, which was established by Mascon Global in 2001, came into the UTStarcom Corporation with the May 2003 acquisition of CommWorks, the carrier division of 3Com. This is the second R&D center UTStarcom has in India since the construction of its facility in Gurgaon in 2002.
In 2002, UTStarcom announced an investment of U.S. $25 million in its global R&D facility at Gurgaon.
"The Bangalore R&D Center will provide a great opportunity for Indian software professionals to work on challenging R&D projects to support next- generation telecommunication solutions," said Chandru Bolaki, director of the Bangalore Development Center.
About UTStarcom, Inc.
Founded in 1991 and headquartered in Alameda, California, UTStarcom is a leading global provider of wireless and wireline access and IP switching solutions. The company 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 their 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 include public telecommunications service providers that operate wireless and wireline voice and data networks in rapidly growing communications markets around the world.
For more information about UTStarcom, visit the company's Web site at www.utstar.com.
Forward-Looking Statements
The foregoing statements regarding the implementation and success of the Company's program of initiatives in India; the Company's plans to invest resources in India and the Company's continued ability to focus on developing new, innovative technologies in India are forward-looking in nature and subject to risks and uncertainties that may cause actual results to differ materially. These factors include rapidly changing technology, the changing nature of India's telecommunications market; the termination of any key partnerships or alliances; the direction and success of future research and development efforts, evolving product and application standards, potential cancellations, reductions or delays in system deployments, and uncertainties such as government regulation in India and demand for and acceptance of the Company's products that may affect the Company's ability to successfully enter other markets. The Company also refers readers to the risk factors identified in its Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission.
SOURCE UTStarcom, Inc.
investors, Michael J. Sophie, Vice President of Finance, CFO, +1-510-749-1510; or Chesha Kamieniecki, Investor Relations Manager, +1-510-749-1560, both of UTStarcom, Inc.; or media, Stephanie Gallagher of Engage PR, +1-510-748-8200, ext. 213, or stephanie@engagepr.com, for UTStarcom /Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20001102/UTSILOGO AP Archive: http://photoarchive.ap.org PRN Photo Desk, 888-776-6555 or +1-212-782-2840
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