Sypris customers who
choose
Sypris for RF and microwave testing benefit from more than 40
years of component and product testing
experience - and from the
precision, rigor and exceptional service that have become hallmarks of
Sypris Test + Measurement.WeTest.
Symmetricom Completes Acquisition of Agilent Technologies' Frequency
and Time Standards Product Line
These cesium clocks are used primarily by
official time authorities
and metrology institutes throughout the world. (Nasdaq: SYMM), a worldwide leader in precise time and
frequency products and services, and Agilent Technologies Inc. Under the terms of the proposed transaction
, Symmetricom will pay
approximately $8.com
Agilent:
Janet Smith
970-679
-5397
janet_smith@agilent.whenever uncertainty
Business Editors
International Microwave Symposium
Booth
2104
ORLANDO, Fla. Our engineers have the depth of experience needed
to assist in the design
process to bring an idea to production.symmttm. We are committed to further advancing
cesium atomic
oscillator technology to serve our customers' full range of
requirements for precise time and frequency
.
Symmetricom has also been a leading provider of cesium solutions for the
world's telecommunications
markets.confused osijek
Sypris Test + Measurement, Inc.0 million in cash.
Agilent's Frequency and Time
Standards flagship product is the 5071A
Primary Frequency Standard, the world's highest-performing
commercial cesium
standard available for timekeeping.S.confused uninitiated
Current RF and
microwave test parameters
include P1dB, Pin, Pout, Psat, G1dB, GL,
IMP3, MSG, MAG, Insertion Loss, Return Loss VSWR, small
signal gain
S-parameters, Ig, IgrL, Idss, gm, and Idrf
Sypris performs extensive environmental
and component testing for
manufacturers of microwave equipment nationwide.com
Ellen Brook
Stapleton Communications Inc.0 million in cash.-based
Agilent employees who support the product
line. Such
risks and uncertainties include, but are not limited to risks associated with
the ability
to effectuate the merger on a timely basis and risks associated
with changes in demand for Agilent
's Frequency and Time Standards products. Agilent undertakes no responsibility to publicly update
or
revise any forward-looking statement.2 billion in fiscal year 2004.enlightenment advertisers
com/pr_lp/5071A/
Safe
Harbor Statement
This press release contains forward-looking information within the meaning
of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange
Act of 1934, as amended, and is subject to the safe
harbor created by those sections.com ), a
service
of eMediaWire.
Agilent's Frequency and Time Standards product line includes the 5071A
Primary
Frequency Standard, one of the highest-performing commercial cesium
standards available for timekeeping
. In
addition, other risks that Agilent faces in running its operations include the
ability to
execute successfully through business cycles while it continues to
implement cost reductions; the
ability to meet and achieve the benefits of its
cost-reduction goals and otherwise successfully adapt
its cost structures to
continuing changes in business conditions; ongoing competitive, pricing and
gross margin pressures; the risk that our cost-cutting initiatives will impair
our ability to
develop products and remain competitive and to operate
effectively; the impact of geopolitical uncertainties
on our markets and our
ability to conduct business; the ability to improve asset performance to adapt
to changes in demand; the ability to successfully introduce new products at
the right time, price
and mix and other risks detailed in Agilent's filings
with the Securities and Exchange Commission
, including our Annual Report on
Form 10-K for the year ended Oct.
About Agilent Technologies
Agilent Technologies Inc.
About Symmetricom, Inc. In 2002, Symmetricom acquired TrueTime
and Datum,
enhancing its position in the world time and frequency markets.measurement confused
----
Opens
test suite to design engineers and project developers
Sypris Test + Measurement, a subsidiary
of Sypris Solutions, Inc.
"Many companies and engineers have great ideas," said McEntee. Factors
that could cause
the transition to differ materially from what is suggested by such forward-
looking
statements include: our ability to integrate the new product line,
including our ability to retain
qualified personnel and duplicate the
manufacturing process, reduced rates of demand for telecommunication
products
or test and measurement products, our customers' ability and need to upgrade
existing
equipment, our ability to negotiate contracts with our customers, our
ability to maintain gross margins
, timing of orders, cancellation or delay of
customer orders, loss of customers, difficulties in manufacturing
products to
specification or customer volume requirements, challenges in integrating
businesses
, customer acceptance of new products, geopolitical risks such as
terrorist acts and the risk factors
listed from time to time in Symmetricom's
reports filed with the Securities and Exchange Commission
, including the
report on Form 10-K for the year ended June 30, 2004, and subsequent Form 10-Q
and
Form 8-K filings., with
offices worldwide.S."
Burns added that Agilent and Symmetricom are
working closely to ensure a
smooth transition for the product line's customers and employees. Agilent
(then part of
Hewlett-Packard Company) pioneered the cesium standard in 1964 and has
historically
addressed the high-performance end of the market, including
timekeeping for the United States as
well as for official time authorities and
measurement institutes throughout the world. The precision
and stability of cesium atomic clock technology is
the enabling element in GPS's precision navigation
accuracy.symmetricom.prwebdirect.osijek adversely
Symmetricom Safe Harbor Statement
This press release
contains forward-looking information within the meaning
of Section 27A of the Securities Act of 1933
, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, and is subject to
the safe
harbor created by those sections.agilent.
650-470-0200
ellen@stapleton.Legal
metrology is the part of metrology where regulations are implemented in order to ensure an appropriate
level of credibility in measurement results, whenever conflicting interests exist, or when incorrect
measurement results may adversely affect individuals or society itself.
osijek quantities
"
Sypris has also opened its
doors to participate in project
development, allowing qualified outside engineers and project
developers
to test components and equipment, and perform subsequent
testing, throughout the design process.
"Few can justify capitalizing a full test suite for a single idea. "We are working closely
with
Agilent customers, many of whom have existing relationships with
Symmetricom, toward a seamless transition
.
About Symmetricom, Inc. The cesium clock, accurate to one second
every 162,000 years
, is used in government laboratories worldwide.
Department of Defense (DOD), aerospace contractors
, enterprises, governments
and research facilities. Since 1985, the company's timing, frequency and
synchronization solutions have helped define the world's standards, delivering
precision, reliability
and efficiency to wireless and wireline networks,
instrumentation and testing applications and network
time management., with offices worldwide.
Contacts:
Symmetricom:
Bill
Slater
Chief Financial Officer
408-428-7801
bslater@symmetricom.metrology metric
com
The
U."
All 16 Agilent employees supporting the product line have agreed to join
Symmetricom
. (NYSE: A) today
announced that they have entered into a definitive agreement pursuant to which
Symmetricom
would purchase Agilent's Frequency and Time Standards product
line.
Cesium standards are mission
-critical frequency references used in
government timekeeping, communications and satellite applications
, and
aerospace and telecommunications networks worldwide.S.measurement metrological
, sponsored by The Institute of
Electrical
and Electronics Engineers (IEEE). Our cesium products now meet an even wider range of mission-critical
timing needs, from those of our newest customers in the metrology and
calibration markets to telecommunications
network synchronization," said
Thomas Steipp, chief executive officer of Symmetricom.
Symmetricom
's actual ability to do these things could differ materially from
those suggested in these forward
-looking statements. Symmetricom's
actual ability to do these things could differ materially from
those suggested
in these forward-looking statements.quantities metric
is a leading provider of
calibration services
, test and component sourcing services, and
specialty products to major corporations and government
agencies. Symmetricom is based in San Jose, Calif. Enhances Technology Leadership in High-Precision
Timing with Acquisition of
Agilent's Cesium Frequency Standards
SAN
JOSE, Calif. Customers
include national time authorities and measurement institutes, such as the
U."
"For more than 40 years, scientists and technicians around the world have
trusted Agilent
's atomic cesium clocks, and we believe that they are the most
precise cesium-based timing tools commercially
available," said Bob Burns,
vice president and general manager of Agilent's Nanotechnology Measurement
Division.
Symmetricom has made job offers to all of the Santa Clara, Calif.adversely incorrect
,
today announced
it will feature its microwave testing capabilities at
the International Microwave Symposium, June
14-16 at Long Beach
Convention Center, Long Beach, Calif.
"We're excited that Sypris is one of
the few companies offering
microwave testing on a third-party basis," said Mike McEntee,
Corporate
Strategic Alliances, Sypris Test + Measurement. The company's 28,000 employees serve customers in more
than 110
countries.measurements spectral
"This historic product line, which serves as 'the timekeeper for the
world
's timekeepers,' compliments our offering of precise time and frequency
products.
Department of
Defense (DOD), aerospace contractors, enterprises, governments
and research facilities., Symmetricom
, Inc.measurements supplementary
"
Microwave testing is radio frequency (RF) testing of frequencies
above 1 gigahertz (GHz
. government also uses Agilent's precision timing instruments for satellite
communication ground stations
and precision navigation. The evolution of
GPS-based systems has resulted in worldwide access to
precision signals, which
are used in navigation, telecommunications, safety of life and rescue,
surveying
, agriculture and a myriad of other applications., following a transition period.
Deployed in more
than 90 countries, products include atomic clocks, cesium and
rubidium standards, VME, crystal oscillators
, PCI cards and Global Positioning
System (GPS) solutions for instrumentation applications, as well
as network
time servers for Network Time Protocol (NTP) synchronization and time
synchronization
solutions.credibility quantities
"Our
abilities in this arena allow smaller companies an affordable method
of testing
ideas, designs and equipment without the costly expense
associated with construction of a microwave
test suite.S.
facilities after it has been properly outfitted. Since 1985, the company's timing,
frequency and
synchronization solutions have helped define the world's standards, delivering
precision
, reliability and efficiency to wireless and wireline networks,
instrumentation and testing applications
and network time management. Deployed
in more than 90 countries, products include atomic clocks,
cesium and rubidium
standards, VME, crystal oscillators, PCI cards and Global Positioning System
(GPS) solutions for instrumentation applications, as well as network time
servers for Network
Time Protocol (NTP) synchronization and time
synchronization solutions.
650-470-0200
ellen@stapleton. The
U.
Agilent Technologies Forward-Looking Statements
This
news release contains forward-looking statements as defined in the
Securities Exchange Act of 1934
and is subject to the safe harbors created
therein.adversely measurements
Timekeeper for the World's
Timekeepers
SAN JOSE, Calif.
(Nasdaq: SYMM), a worldwide leader in precise time and frequency
products and
services, today announced that it has closed its acquisition of Agilent's
Frequency
and Time Standards product line. "Having the high-performance products and expertise
will allow us
to leverage our R+D investments in cesium for the benefit of
both Agilent and Symmetricom customers
. is the world's premier measurement company and a
technology leader in communications, electronics
, life sciences and chemical
analysis. Agilent had net revenue of $7.
Information about Agilent
is available on the Web at http://www. Symmetricom
is based in San Jose, Calif.com
Ellen
Brook
Stapleton Communications Inc.)
uninitiated renfrew
By
opening our doors to design engineers and project
developers, we're
providing a test venue for good ideas that might otherwise slip
through the
cracks.
"Our performance in the RF and microwave test area is yet another
demonstration of our
commitment to providing the finest quality
service for the test and measurement industry," said Kathy
Boyd,
Sypris Test + Measurement president and CEO.com.com.supplementary metric
Sypris Features Microwave Testing at IEEE
Symposium
Under the terms of the transaction,
Symmetricom paid approximately $8. government also
uses these precision timing instruments for satellite
communication ground stations and precision
navigation. These forward-looking statements include
statements concerning our transition of Agilent
's customers and manufacturing.
Naval Observatory and the world's time authority, BIPM, in France
(BIPM
provides the internationally recognized definition of a second of time). The forward-looking
statements contained herein include, but are not
limited to, information regarding the closing of
the transaction, benefits and
continuity for Agilent and Symmetricom customers and the location of
the
manufacturing that involve risks and uncertainties that could cause Agilent's
results to differ
materially from management's current expectations. For more information,
visit http://www.Metrology
is the scientific study of measurement.
measurements adversely
The acquisition is expected to close in
several weeks.com
This press release distributed by PRWEB ( http://www.com/ ), a
service of eMediaWire.
(Not to be confused with meteorologythe study of the processes and phenomena of the atmosphere, especially
as a means of forecasting the weather.
measurement measurements
Sypris currently offers a robust suite of RF
and microwave
testing, including component qualification, life test,
characterization and burn-in/environmental
tests.symmetricom.
Symmetricom to Acquire Agilent Technologies' Frequency and Time Standards
Product Line
and PALO ALTO, Calif. 31, 2004, and our Quarterly Report on Form
10-Q for the period
ended April 30, 2005. Forward-looking statements are based
on the belief and assumptions of Agilent
's management and on currently
available information.advertisers conflicting
, Sypris is qualified to provide cost-effective
,
independent engineering and test support for a variety of specific
test needs.
As a worldwide
leader in precise time and frequency products and services,
Symmetricom provides "Perfect Timing
" to customers around the world, including
communications service providers, network equipment manufacturers
, U.S.
"The acquisition of Agilent's cesium products strengthens our technology
leadership
in high-precision timing," said Thomas Steipp, chief executive
officer of Symmetricom. Factors that
could cause our ability to
differ materially from what is suggested by such forward-looking statements
include: our ability to integrate the new product line, including our ability
to retain qualified
personnel and duplicate the manufacturing process, reduced
rates of demand for telecommunication
products or test and measurement
products, our customers' ability and need to upgrade existing equipment
, our
ability to negotiate contracts with our customers, our ability to maintain
gross margins
, timing of orders, cancellation or delay of customer orders,
loss of customers, difficulties in manufacturing
products to specification or
customer volume requirements, challenges in integrating businesses,
customer
acceptance of new products, geopolitical risks such as terrorist acts and the
risk factors
listed from time to time in Symmetricom's reports filed with the
Securities and Exchange Commission
, including the report on Form 10-K for the
year ended June 30, 2004, and subsequent Form 10-Q and
Form 8-K filings.com.metrology measurement
).
Sypris serves customers in a variety of markets, including military,
aerospace
, avionics, telecommunications and more.metrologists incorrect
Sypris's will be located in booth 2104 at the Long Beach
Convention Center.
Contacts:
Bill Slater
Chief Financial Officer
408-428-7801
bslater@symmetricom.com
This press release distributed by PRWEB
( http://www. Manufacturing will move to San
Jose, Calif.
As a worldwide leader in precise
time and frequency products and services,
Symmetricom provides "Perfect Timing" to customers around
the world, including
communication service providers, network equipment manufacturers, U.metric metrologists
For
an interview with Mike McEntee, contact Dennis Dean. With over 40 years
of component sourcing and
product testing experience in locations
across the U. Manufacturing will move to the company's San
Jose, Calif.
For additional information please visit
http://www.prwebdirect. "As Agilent
focuses on new market areas, we are pleased to
transition this important world-leading and historic
product line to
Symmetricom, where our customers will find continuity with a company that
understands
their needs and can provide them with strong worldwide support.
Symmetricom pioneered the use
of cesium atomic clocks on board the Global
Positioning System satellites, enabling full operational
capability of GPS in
April 1995. These forward-looking statements include
statements concerning
our ability to leverage our R+D investments in cesium
for the benefit of both Agilent and Symmetricom
customers, and our ability to
further advance cesium atomic oscillator technology to serve our customers
'
full range of requirements for precise time and frequency.supplementary besan
More information about Sypris Test +
Measurement's
component and product testing services is available on the Internet at
www., Symmetricom
, Inc.S. For more information visit http://www.
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