OLD NEWS..Related to IDCC/Panasonic.. Panasonic and UTStarcom Establish Joint Venture Company to Enhance 3G Leadership Worldwide Partnership Leverages Expertise in 3G Access Technologies With Key Strengths In 3G IP Core Networking Solutions BEIJING, Nov 05, 2003 /PRNewswire-FirstCall via Comtex/ -- UTStarcom, Inc. (Nasdaq: UTSI), a global leader in IP access networking and services, and Panasonic Mobile Communications Co., Ltd. (PMC), a worldwide leader of mobile communications products, today announced the creation of a joint venture company to focus on design, development, and manufacturing of third-generation (3G) telecommunications system equipment. The joint company, Universal Communications Technology Hangzhou (UCTH), will first focus on providing comprehensive radio access solutions for a wide range of 3G mobile communications systems in China, the world's largest mobile market, and later expand into other international markets.
The product lines of the joint venture company will initially support the WCDMA standard, but will expand to support TD-SCDMA (Time Division - Synchronous CDMA).
"We are privileged to work closely with UTStarcom, as we have long admired their innovative corporate spirit," said Yasuo Katsura, president of Panasonic Mobile Communications Co., Ltd., "We believe this partnership will help us to provide more cost-effective 3G solutions to our customers. Partnering with UTStarcom will give us insight into their expertise as the leader in 3G core networking and softswitches, and enable us to gain entry into a customer base of the world's largest innovator and supplier of PAS wireless systems."
As a leading 3G vendor in the world, Panasonic brings field-tested, commercially deployed 3G radio products and technologies to the partnership. As a result of Panasonic's close collaboration with Japan's mobile operators in launching the world's first commercial 3G services, the company now has one of the largest market shares in Japan's 3G/WCDMA market.
As the largest telecom equipment provider to China Telecom and China Netcom, UTStarcom brings its strength in 3G IP core network technologies and its leadership in the broadband, PAS, and softswitch markets in China and internationally. UTStarcom gives Panasonic access to experienced service and support teams and close business relationships with major telecommunications operators throughout the world. UTStarcom also provides cost- efficient manufacturing and production practices located in China and savvy sales and marketing teams focused on customer-oriented solutions. UTStarcom is currently partnering with operators to prepare for full-scale 3G field trials, with the first trial planned for early 2004.
"Our joint venture with Panasonic will further enhance UTStarcom's end-to- end 3G solutions with heightened design and manufacturing capabilities on a larger economic scale with delivery efficiency," said Hong Lu, chief executive officer of UTStarcom, Inc. "This cooperation will benefit our customers as it will shorten the 3G deployment process and create more affordable, cutting- edge products and services."
Overview of the New Company: Company Name: Universal Communication Technology (Hang Zhou) Co., Ltd (UCTH) Chairman & CEO: Terry T. Shimoyu President & COO: Leon Hong Place of Operation: Hang Zhou, China Business Contents: Design, development, manufacturing, marketing, and services of Radio Access Network (RAN), Base Transceiver Station (BTS), and Radio Network Controller (RNC), and other related telecommunications products.
About Panasonic Mobile Communications
Panasonic Mobile Communications Co., Ltd. (PMC), based in Yokohama, Japan, is a worldwide leader in the development and manufacture of mobile communications products. As one of the main business domains for Matsushita Electric Industrial Co., Ltd., best known for its Panasonic brand digital electronics, PMC has been developing cutting edge technologies since its establishment in 1958, including the world's first 3G video handset for the Japanese market in 2001. PMC is committed in providing added-value solutions to end-users through its mobile communication products. For more information, please visit http://panasonic.co.jp/pmc/en/index.html .
About UTStarcom
UTStarcom is a global leader in IP access networking solutions and international service and support. The company sells its wireline, wireless, optical and switching solutions to operators in both fast growth and established telecommunications markets around the world. UTStarcom enables its customers to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to cost-efficient end-to-end IP networks. Founded in 1991 and headquartered in Alameda, California, the company has research and design operations in New Jersey, China, and India.
For more information about UTStarcom, visit the company's Web site at www.utstar.com.
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