PALO ALTO, Calif.--(BUSINESS WIRE)--Dec. 7, 2000--
Acquisition to Shorten Development Time of Agilent Solutions for
Fast-Growing Wireless Market
Agilent Technologies Inc. (NYSE: A) today announced the signing of
an agreement to acquire ATN Microwave Inc. ATN, founded in 1984,
specializes in microwave measurement solutions for wireless and
high-speed data communication applications. Financial terms of the
agreement were not disclosed.
The acquisition of ATN -- with 26 employees located in North
Billerica, Mass. -- will provide Agilent with products, engineering
expertise and intellectual property related to the measurement of
multiport devices, balanced circuits, signal integrity, large-signal
characterization, and noise, as well as electronic calibration of test
instruments. These areas are increasingly critical in the design and
manufacture of components used in the communications industry.
Acquiring ATN will allow Agilent to integrate these technologies
earlier into its test platforms.
"Components are critical at the beginning of the wireless-industry
`food chain,' and typically need to be designed well before a wireless
product comes on the market," said Dave Myers, vice president and
general manager of Agilent's Component Manufacturers Unit. "The
increasing complexity of components and the need to reduce time to
market has our customers looking for new testing solutions. Combining
forces with ATN means we can expedite solutions to these customers."
There are no plans to relocate the ATN operation, but Agilent
plans to continue building the ATN operation into a premier
application development center for RF component-test solutions. ATN
will be part of Agilent's component test business headquartered in
Santa Rosa, Calif.
"ATN's component-test solutions play a key role in helping
customers develop and manufacture components for the wireless RF and
data communication applications," said Vahe Adamian, founder and chief
technology officer of ATN. "Agilent's worldwide presence and
complementary technology and support will result in better integrated
solutions for component test."
About Agilent Technologies
Agilent Technologies Inc. (NYSE: A) is a diversified technology
company with approximately 47,000 employees serving customers in more
than 120 countries. Agilent is a global leader in designing and
manufacturing test, measurement and monitoring instruments, systems
and solutions, and semiconductor and optical components. In fiscal
year 2000, Agilent had net revenue of $10.8 billion. The company
serves markets that include communications, electronics, life sciences
and healthcare.
Information about Agilent Technologies can be found on the Web at
www.agilent.com.
This news release contains forward-looking statements (including,
without limitation, statements relating to the ability of Agilent
Technologies to reduce time to market and expand its product offerings
and solutions as a result of this acquisition) that involve risks and
uncertainties that could cause results of Agilent Technologies to
differ materially from management's current expectations. These risks
are detailed in Agilent Technologies' Annual Report on Form 10-K for
the year ended October 31, 1999, and its Quarterly Report on Form 10-Q
for the quarter ended July 31, 2000, as filed with the Securities and
Exchange Commission.
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