ATLANTA and MONTREAL, March 15, 2005 (PRIMEZONE) -- EMS Technologies, Inc. (Nasdaq:ELMG) announced today that it intends to restructure its participation in its Satellite Networks business. In the coming months, EMS will consider a variety of potential approaches, including joint ventures with industrial or capital partners, or other options, that would maximize value to EMS shareholders.
EMS SatNet is the world's leading manufacturer of DVB-RCS-compliant hubs and terminals for the satellite communications market. A recent research report by Northern Sky Research estimates that as of December 2004 EMS has a market share of 59% of the installed base for DVB-RCS hubs, and 38% of the installed base for DVB-RCS terminals. Since the report was published, EMS has received contracts and notices of award for several additional systems, and has continued to develop a considerable list of interested potential customers.
"Satellite Networks has made tremendous progress during the two years that we've recognized it as a separate division," said Alfred G. Hansen, president and CEO of EMS Technologies, Inc. "We believe that DVB-RCS technology is destined for a phase of rapid market expansion. We will be seeking business arrangements and structures that will be appropriate for this next phase, and that will both maximize value for EMS shareholders and best position SatNet for growth in this dynamic market."
"Since its inception, SatNet has enjoyed unwavering support from EMS Technologies as a corporate parent," said Don Osborne, senior vice president and general manager of the Satellite Networks division. "We continue to see significant growth in the market, and are excited by the further opportunities expected to arise from the process of evaluating potential new relationships and business structures."
About EMS Technologies, Inc.
EMS Technologies, Inc. (Nasdaq:ELMG) is a leading innovator in the design and manufacture of wireless, satellite and defense solutions, and focuses its unique range of advanced technologies on the needs of broadband and mobile information users The Company is headquartered in Atlanta, has almost 1,700 workers worldwide, and operates manufacturing facilities in Atlanta, Montreal, Ottawa and Brazil.
About EMS Satellite Networks
The Satellite Networks Division of EMS Technologies has played a critical role in the development of the DVB-RCS international open standard for high speed bi-directional Internet communications via satellite, and is a leading provider of broadband satellite communications ground terminal and hub solutions. EMS' DVB-RCS product and technology solutions enable two-way broadband access for a wide range of networking applications. Applications range from Internet access and simple web browsing, to more sophisticated virtual private networks, videoconferencing and voice-over-IP. EMS' DVB-RCS solutions are the only multiple-access solutions capable of delivering data transfer rates of up to 45Mbps for downloads and up to 4Mbps for uploads at each remote terminal, or enough bandwidth to support anything from a small business to an entire community from a single remote terminal.
For more information, visit EMS on the World Wide Web at www.ems-t.com.