Financial Releases
RFMD Announces Continued Adoption of POLARIS(TM) 2 Total Radio(TM) Module
BARCELONA, Spain--(BUSINESS WIRE)--Feb. 14, 2007--RF Micro Devices, Inc. (NASDAQ: RFMD), a global leader in the design and manufacture of high-performance radio systems and solutions for applications that drive mobile communications, today announced new design wins for its POLARIS 2 TOTAL RADIO module for multiple EDGE handsets. RFMD's POLARIS 2 and POLARIS 2 Radio Module transceiver solutions are the industry's best selling solutions for EDGE handsets.
The new design wins were secured through RFMD's participation on the cellular handset reference design of a leading baseband manufacturer. RFMD's POLARIS 2 Radio Module is mated up with several reference designs, and RFMD anticipates additional design wins for its POLARIS 2 Radio Module as a result of its broad partnerships with baseband manufacturers and leading handset manufacturers.
The POLARIS 2-enabled handsets will be new mid-range multimedia mobile devices expected to be in the market later this year, with production volumes throughout calendar year 2008. Approximately 50 million handsets enabled by POLARIS were shipped in calendar year 2006, serving nearly all phone tiers, from low-end replacement phones to feature-rich multimedia devices. Throughout calendar year 2007, RFMD expects additional new handsets to ramp using its POLARIS 2 Radio Module, including low-cost replacement handsets and feature rich multimode handsets.
RFMD is winning cellular transceiver designs by providing systems-level innovation to leading handset original equipment manufacturers (OEMs), original design manufacturers (ODMs) and baseband partners. RFMD's innovative transceiver solutions reduce the increasing RF complexity of next-generation EDGE and Multimode WCDMA/EDGE handsets, thereby speeding handset time to market and helping to reduce costs. Future generations of RFMD's industry-leading transceiver solutions will include additional innovations, such as integrated RF shielding and DigRF 3G compliance. RFMD is a founding member of the DigRF working group, and RFMD is a leading participant in the development of DigRF 3G.
The EDGE handset market is forecast by industry analysts to grow by a compound annual growth rate of greater than 15% from 2007 to 2011.
RFMD will showcase its POLARIS 2 TOTAL RADIO solution at the 2007 3GSM World Congress in Barcelona, Spain, February 12-15, 2007, in Hall 8, Stand 8B79.
About RFMD: RF Micro Devices, Inc. (NASDAQ: RFMD) is a global leader in the design and manufacture of high-performance radio systems and solutions for applications that drive mobile communications. RFMD's power amplifiers, transmit modules, cellular transceivers and system-on-chip (SoC) solutions enable worldwide mobility, provide enhanced connectivity and support advanced functionality in current- and next-generation mobile handsets, cellular base stations, wireless local area networks (WLANs) and global positioning systems (GPS). Recognized for its diverse portfolio of state-of-the-art semiconductor technologies and vast RF systems expertise, RFMD is a preferred supplier enabling the world's leading mobile device manufacturers to deliver advanced wireless capabilities that satisfy current and future market demands.
Headquartered in Greensboro, N.C., RFMD is an ISO 9001- and ISO 14001-certified manufacturer with worldwide engineering, design, sales and service facilities. RFMD is traded on the NASDAQ Global Select Market under the symbol RFMD. For more information, please visit RFMD's web site at www.rfmd.com.
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions and are not historical facts and typically are identified by use of terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent management's current judgment and expectations, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under the federal securities laws. RF Micro Devices' business is subject to numerous risks and uncertainties, including variability in quarterly operating results, the rate of growth and development of wireless markets, risks associated with the operation of our wafer fabrication facilities, molecular beam epitaxy facility, assembly facility and test and tape and reel facilities, our ability to attract and retain skilled personnel and develop leaders, variability in production yields, our ability to reduce costs and improve gross margins by implementing innovative technologies, our ability to bring new products to market, our ability to adjust production capacity in a timely fashion in response to changes in demand for our products, dependence on a limited number of customers, and dependence on third parties. These and other risks and uncertainties, which are described in more detail in RF Micro Devices' most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.
RF MICRO DEVICES® and RFMD® are trademarks of RFMD, LLC. All other trade names, trademarks and registered trademarks are the property of their respective owners.
CONTACT: RF Micro Devices, Inc.
Kris Rausch, 831-430-4199
General Manager
or
Brian K. Cockman, 336-678-8945
Public Relations
SOURCE: RF Micro Devices, Inc.