LitePoint Enjoys Another Record Quarter
Puts the Company Right on Plan
SUNNYVALE, CALIFORNIA - September 5, 2007 - LitePoint Corporation, a provider of wireless test system solutions, achieved a second successive record quarter in Q2 2007. "The final results are in, and we're right on plan," said Qing (pronounced "ching") Lu, LitePoint's vice president of finance. "The quarter just ended exceeded Q1 by 47 percent, and exceeded Q2 2006 by 131 percent," Lu stated.
LitePoint focuses entirely on the wireless market serving IC makers, original design makers (ODMs), original equipment manufacturers (OEMs) and brand-owning companies. Its common-platform systems, using software-defined DSP technology, offer tailored and efficient testing that spans the wireless value chain.
Founded in 2000, LitePoint has had an uninterrupted sequence of profitable quarters in the $500 million market for testing Wi-Fi devices. Its new products expand LitePoint's testing capabilities with WiMAX, WiMedia, Bluetooth and ZigBee. As the wireless test market begins serving a converged wireless market in the next two years, the sales opportunity is expected to quadruple. "We will continue to do what we have always done - offer system-level test solutions for the latest wireless standards - and do it first," stated Benny Madsen, LitePoint's chief executive officer. "That approach has served us well," he added.
About LitePoint Corporation
LitePoint Corporation, based in Sunnyvale California, designs, develops, markets, and supports advanced wireless test solutions for: developers and marketers of branded wireless products; consumer electronics and contract manufacturers; and wireless IC designers. Through its in-house expertise in the design of wireless systems and ICs, LitePoint has developed innovative test solutions to assure products conform to specifications, interoperate with other compliant products, and perform as described. LitePoint's test products address both development and high-volume production, providing its customers with superior return on investment, accelerated time-to-market, improved manufacturing yields, improved product quality, and increased profitability. For more information, visit LitePoint at www.litepoint.com.
LitePoint Corporation
575 Maude Court
Sunnyvale, CA 94085
Editorial Contact:
LitePoint Corporation
Rob Brownstein, VP MR&C
Tel: +1 (408) 456-5000 Ext. 1131
rob.brownstein@litepoint.com
