STOCKHOLM, Sweden, May 28, 2004 (PRIMEZONE) -- Powerwave Technologies, Inc. (Nasdaq:PWAV) today announced that trading of its shares of common stock issued to non-US holders of LGP Allgon in the recently completed exchange offer will commence on the Stockholm Exchange on June 4, 2004. The shares will trade on the O-List of the Stockholm Exchange under the trading symbol "PWAV." Bruce C. Edwards, Chief Executive Officer of Powerwave, will join Anders Ackebo of the Stockholm Exchange to preside over the market opening of the Exchange at 9:30 a.m CET.
"We are very pleased that shares of Powerwave Technologies, Inc. will be traded on the O-List of the Stockholm Exchange" stated Bruce C. Edwards, Powerwave's Chief Executive Officer. "With our global presence and increased international shareholder base, we are excited about this expansion of our stock market presence."
About Powerwave Technologies
Powerwave Technologies, Inc., is a global supplier of end-to-end wireless solutions for wireless communications networks. Powerwave designs, manufactures and markets antennas, boosters, combiners, filters, repeaters, multi-carrier RF power amplifiers and tower-mounted amplifiers and advanced coverage solutions, all for use in cellular, PCS and 3G networks throughout the world. Corporate headquarters are located at 1801 E. St. Andrew Place, Santa Ana, Calif. 92705. For more information on Powerwave's advanced wireless coverage and capacity solutions, please call (888)-PWR-WAVE (797-9283) or visit our web site at: (www.powerwave.com). Powerwave, Powerwave Technologies and the Powerwave logo are registered trademarks of Powerwave Technologies, Inc.
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