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Motorola Completes Acquisition of Quantum
Bridge
Communications®
HORSHAM, Pa.
– 4 May 2004 -- Motorola, Inc. (NYSE: MOT) today announced that the
company has finalized its recently announced acquisition of Quantum Bridge
Communications®, Inc., a leading provider of Fiber to the
Premises (FTTP) solutions based in Andover, Massachusetts. Motorola acquired the
privately held company in an all cash transaction. Additional terms of the
agreement were not disclosed.
This acquisition
complements Motorola’s existing multiservice technology, enhancing the
company’s ability to offer a full-service access platform that broadband
network operators can deploy today to deliver ”triple play” and
next-generation advanced services. Customers will be able to leverage
Motorola’s proven heritage in digital video headend technology –
already deployed and serving customers in over 2,060 systems worldwide –
in addition to transport infrastructure, conditional access, and
“connected home” consumer premise
equipment.
Motorola plans to integrate Quantum
Bridge’s field-proven passive optical networking (PON) and carrier-class
switching technology into its suite of network infrastructure solutions. The
acquisition further enhances Motorola's market position in the end-to-end
delivery of broadband technology.
About
Quantum Bridge Communications
Quantum Bridge
Communications, headquartered in Andover, Mass., is a leading provider of Fiber
to the Premises, including Fiber to the Home and Fiber to the Business,
solutions designed to address the bandwidth bottlenecks in today's access
networks. The Quantum Bridge product family has been designed to meet the
stringent network requirements of service providers. For more information about
Quantum Bridge, visit www.quantumbridge.com.
About
Motorola Broadband Communications Sector
The
Motorola Broadband Communications Sector provides a scalable, integrated
end-to-end system for the delivery of broadband services that keeps consumers
informed, entertained and connected. Its technology enables network operators
and retailers to create and execute on new business opportunities by providing
innovative products and services to the home. Customer-responsive design and
manufacturing expertise further contribute to the company’s position as
the world’s leading supplier of digital cable set-tops and cable modems.
More information about the Motorola Broadband Communications Sector can be found
at: www.motorola.com/broadband
About
Motorola
Motorola, Inc. (NYSE: MOT) is a global
leader in wireless, broadband and automotive communications technologies that
help make life smarter, safer, simpler, synchronized and fun. Sales in 2003 were
U.S. $27.1 billion. Motorola creates innovative technological solutions that
benefit people at home, at work and on the move. The company also is a
progressive corporate citizen dedicated to operating ethically, protecting the
environment and supporting the communities in which it does business. For more
information: www.motorola.com.
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Business
Risks
The statements in this release that
are not historical facts are forward-looking statements based on current
expectations and involve risks and uncertainties. Such forward-looking
statements include, but may not be limited to, statements about the potential
impact the acquisition will have on Motorola, including plans to integrate
Quantum Bridge's technology into Motorola products and the impact on Motorola's
broadband business. Motorola wishes to caution the reader that the factors below
and those on pages 76 through 85 of Motorola's Form 10-K for the year ended
December 31, 2003 and in its other SEC filings could cause Motorola's results to
differ materially from those described in the forward-looking statements. These
factors include: (i) difficulties in integrating the operations of the
newly-acquired business and achieving strategic objectives, (ii) difficulties
and delays in the development, production, testing and marketing of acquired
technologies, (iii) the uncertainties related to introducing new technologies,
including customer acceptance of the products and technologies, (iv) the
ability to differentiate our products and compete with other companies in the
same markets, and (v) the general outlook for the economy and the telecom
industry.
Media Contact:
Motorola
Angie
Britt
+1-215-323-1885
angie.britt@motorola.com
MOTOROLA
and the Stylized M Logo are registered in the U.S. Patent & Trademark
Office. All other product or service names are the property of their respective
owners. Dolby ® is a trademark of Dolby Laboratories. © Motorola, Inc.
2004.
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