News & Press Releases
Press Release, January 2004
Carlson Wireless Technologies Announces Q4 2003 Results
Redway, CA - Carlson Wireless Technologies, Inc. (CWT) announces 2003 results and planned expansion of products, sales and services for 2004.
CWT designs, manufactures and sells patented fixed-base wireless communications equipment for high-speed voice and data. Products are primarily sold to governments, telephone companies and communication integrators worldwide.
James Carlson, CEO, announced that the 2003 produced record sales for the company. CWT released a new generation of products, the RuralConnect™ Multipoint, expected to push company sales to over $4 million in 2004. Substantial markets are opening in the United States, especially in the "telecom underserved" rural areas of the southwest and midwest, and various governmental departments. Internationally, vast new markets are opening in Mexico, Africa, South America and Indonesia. Awards of contracts in Q1 2004 are expected to create production and delivery schedules for the balance of 2004 and into 2005.
Carlson also announced that along with positive earnings, 2003 also yielded a 21% increase in net sales, 16% increase in assets and an 18% increase in shareholder equity. Carlson said that an internal expansion of equipment and staff is planned for 2004. "Surrounded by a flat economy and a weak telecom sector, we are very pleased with our results, beating the domestic and international trends, here in Humboldt County" said Carlson.
About Carlson Wireless
Founded in 1999 by CEO and Chief Technologist Jim Carlson, Carlson Wireless Technologies is headquartered in Redway, California. Carlson's design team has focused on design of telephone and data services to the most remote and isolated rural areas of the globe. In 1990 Carlson founded Carlson Communications Inc., marketing the Optaphone product line. For nearly ten years Carlson Communications provided analog subscriber access lines to the rural markets. Zhone Technologies acquired the company in 1999.
CWT is methodically pursuing the underserved telecom markets, selling systems to China, Indonesia, India, Africa, South America and Mexico, as well as to resellers, distributors and telephone operators throughout the United States. CWT has also found very valuable and consistent customers such as the United Nations, various agencies of the U.S. government, public utilities and railway companies which deploy CWT products in telecommunications and security applications.