LCC International Inc., (NASDAQ:LCCI) a global leader in
wireless voice and data turn-key services, announced today that it has
been awarded by Saudi Telecom (STC) a 24 month contract extension to
lead the design and engineering efforts to transform STC's wireless
infrastructure into a world class 3G network. The first installment
under this extension amounts to SAR 65mil (approximately $17.3 mil) to
be completed by 4th Qtr 2006, after which further extensions are
expected to follow.
STC is one of the largest and fastest growing mobile operators
within the Middle-Eastern region and has gained recognition for
delivering advanced wireless services to keep pace with the demands
from its increasing customer base. This contract extension will serve
as the cornerstone for advancing 3G wireless services within the
region as high capacity content and applications are being launched
throughout Middle-Eastern wireless networks.
"We are pleased to have been chosen by STC to provide 3G
engineering and design services to support their advancement of
emerging wireless technologies," says Carlo Baravalle, sr. vice
president, LCC International. "This agreement solidifies and reflects
our strength in providing strategic consulting services and tools that
assist wireless carriers and content companies in maximizing and
leveraging the potential that 3G wireless offer."
This renewal is consistent with LCC International's previously
announced strategy to deliver consultation, engineering services and
various tools focused on WiMAX, Broadband, UMTS and HSPDA
technologies. "LCC continues to play a key 'think-tank' role for our
wireless and mobile content customers" reflects Dean Douglas, CEO, LCC
International. "We are pleased to have received a 24 month extension
to our current agreement with STC in support of their efforts to
migrate towards 3G technologies. It is indicative of the relationship
and value we have brought to STC and look forward to continuing our
efforts with STC for years to come."
About Saudi Telecom Co.
Saudi Telecom Co., also known as STC, is Saudi Arabia's pioneer
telecommunications services provider, after the then Saudi Ministry of
PTT. Established in 1998 as a new joint stock company, it provides
both business and residential fixed line telephone, mobile and paging,
and internet and data services. For more information on STC,
(headquarters in Riyadh, Saudi Arabia), visit http://www.stc.com.sa.
About LCC International, Inc.
LCC International, Inc. is a global leader in voice and data
design, deployment and management solutions to the wireless
telecommunications industry. The Company has worked with all major
access technologies and has participated in the success of some of the
largest and most sophisticated wireless systems in the world. Through
an integrated set of technical business consulting, training, design,
deployment, operations and maintenance services, LCC is unique in its
ability to provide comprehensive turnkey services to wireless
operators around the world. News and additional information are
available at www.lcc.com.
Cautionary Note regarding forward-looking statements under the
Private Securities Litigation Reform Act of 1995:
Information in this release regarding LCC's expectations, beliefs,
and intentions are forward-looking statements that involve risks and
uncertainties. These statements include statements about LCC's
expected release of product and service offerings or expectations of
receiving awards of additional business from current or prospective
clients. All forward-looking statements included in this release are
based upon information available to LCC as of the date of this
release, which may change, and LCC assumes no obligation to update any
such forward-looking statement. These statements are not guarantees.
Factors that could cause or contribute to differences from such
expectations include, but are not limited to, delays in the
development, commercialization or market acceptance of new offerings
and other factors that may affect our business are discussed in LCC's
filings with the Securities and Exchange Commission, including our
most recent annual report on Form 10-K and our quarterly reports on
Form 10-Q.
