Somera Communications (NASDAQ:SMRA)
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Somera Launches RecoveryPLUS(TM) Asset Management Services
- Commenced Implementation with Top 10 National Service Provider
DALLAS, April 28 /PRNewswire-FirstCall/ -- Somera Communications
(NASDAQ:SMRA), a global provider of telecommunications asset management
services, today announced the official market launch of Somera
RecoveryPLUS(TM), a program designed to deliver five to ten percent annual
capex savings to telecom service providers.
The Somera RecoveryPLUS(TM) program is designed to help service providers
recover a greater percentage of their original investment in equipment and
optimize their return on legacy equipment assets and excess or redundant
inventories. This has become an increasingly important issue given the
unprecedented consolidation occurring in the telecom industry and the rapid
pace of technology migration and displacement.
RecoveryPLUS is intended to be a self-funded, comprehensive cost saving program
that optimizes return on assets of mature technologies and preserves capital
for investment in new business development. The program is designed to offer
inventory discovery and analysis, proprietary data mining solutions, expert
equipment valuation and disposition, and procurement services that drive
measurable dollar savings and expense relief. RecoveryPLUS leverages Somera's
decade of intellectual property related to tracking asset values, comprehensive
global exchange of over 1,100 service provides, and Sarbanes- Oxley Act (SOX)
enhanced processes.
Somera commenced implementation of its first RecoveryPLUS program during the
first quarter of 2005 with a top 10 national telecom service provider in North
America. This project has already generated seven-digit savings to the
customer as a result of Somera's expert analysis and valuation of legacy
equipment assets and creative disposition options to maximize return.
"RecoveryPLUS is a key component of our lifecycle management services offering
in helping customers to recapture much of their original investment in existing
equipment inventories and lower overall capital outlay," said David W. Heard,
President and Chief Executive Officer of Somera. "We believe the immediate
value delivered to our first RecoveryPLUS customer provides clear evidence of
Somera's ability to optimize return on assets of mature technologies to provide
measurable, repeatable savings. This is particularly critical for large
wireless and wireline service providers given the cost pressures associated
with the vast amount of consolidation occurring in the telecom industry today."
"Service providers today are especially interested in programs that will drive
savings synergies and free up capital to allow for the heavy capital investment
in new technologies," added Jay T. Hilbert, Senior Vice President of Global
Sales and Marketing. "RecoveryPLUS is designed to help our customers discover
the value locked up in their legacy networks. These assets can have tremendous
potential to be re-deployed back into other areas of their networks to reduce
expense outlay for maintenance or remarketed to other service providers to
generate clear and immediate cash flow."
About Somera
Somera launched its family of Lifecycle Management Services in 2004 in response
to an industry-wide need for telecom asset management to optimize return on
assets. Somera's product offerings enable service providers to generate
greater value from legacy assets in the form of lower operating costs, longer
product life, higher productivity, and real measurable capital savings. With
Somera LifecyclePLUS, customers can outsource elements of network operations,
logistics, and technical service. Somera RecoveryPLUS(TM) is a program
approach to deliver documented savings and expense relief by recovering hidden
value in current under-utilized assets and inventories. Somera RepairPLUS
provides comprehensive support for wireless, wireline, and data products at
significant savings and reduced cycle times. These services are in addition to
Somera's traditional Brokerage business that provides immediate availability of
quality, warranted new and refurbished equipment at savings of 25 to 60%.
Founded in 1995, Somera has developed an impressive base of over 1,100
customers worldwide, including the industry leaders from each segment of the
telecommunications market. Visit Somera on the web at http://www.somera.com/.
This news release contains forward-looking statements as that term is defined
in Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, including those regarding
Somera's ability to sell and execute on its RecoveryPLUS strategy.
Forward-looking statements involve a number of risks and uncertainties
including, but not limited to, general economic conditions particularly
affecting the telecommunications industry; capital equipment spending levels in
the telecommunications industry, including the risk of continued customer
spending delays associated with carrier consolidation; the impact of
competition in the market for supplying equipment to telecommunications
operators; the risk of potential shortage of product supply; Somera's ability
to build its lifecycle management services and RecoveryPLUS capabilities,; and
other factors fully described in the company's reports to the Securities and
Exchange Commission (SEC), including but not limited to, the Annual Report on
Form 10-K for the fiscal year ended December, 31, 2004, and Quarterly Reports
on Form 10-Q. Actual results may differ materially from the statements
contained in this new release. The company does not undertake to update any
forward-looking statements that may be made by or on behalf of the company.
Copies of Somera's SEC filings may be obtained by contacting Investor
Relations, Somera Communications, at 1-805-681-3322.
DATASOURCE: Somera Communications
CONTACT: Kelly Delany, Director, Communications of Somera
Communications, +1-805-681-3322,
Web site: http://www.somera.com/