Unity Wireless Corporation, a developer of integrated wireless subsystems and power amplifiers, today announced an agreement with China's ZTE Corporation to supply power amplifiers for one of ZTE's CDMA base station models.
Unity Wireless has received ZTE's first order released under the supply agreement for approximately US$780,000. Based on current production forecasts, revenues to Unity under the agreement in 2004 could total approximately US$3.0 million. ZTE signed the agreement with Unity Wireless based on certain metrics achieved by the Company, including competitive pricing, product reliability, volume production capacity and flexible delivery schedules. Meeting these metrics was achieved through production cost reductions, while maintaining flexible operations and supply chain management processes.
ZTE Corporation is a globally operating telecommunications equipment manufacturer and network solution provider. Listed on the Shenzhen Stock Exchange in 1997, the company initially specialized in providing customized network solutions for telecom carriers worldwide. Today, ZTE develops and manufactures telecommunications equipment for fixed, mobile, data and optical networks, intelligent networks and next generation networks, as well as mobile handsets. Based in Shenzhen, China, ZTE Corporation comprises 13 institutes and 13 holding companies in all parts of the world, employing around 13,000 people. In the financial year 2002, the company generated revenue worth US$1.33 billion.