ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

SMRA Somera Communications (MM)

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
Somera Communications (MM) NASDAQ:SMRA NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Somera Launches RecoveryPLUS(TM) Asset Management Services

28/04/2005 10:05pm

PR Newswire (US)


Somera Communications (NASDAQ:SMRA)
Historical Stock Chart


From Jun 2019 to Jun 2024

Click Here for more Somera Communications Charts.
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/

Copyright

1 Year Somera Communications Chart

1 Year Somera Communications Chart

1 Month Somera Communications Chart

1 Month Somera Communications Chart

Your Recent History