Somera and XO Communications Sign Lifecycle
Management Contract [April 28, 2005]
DALLAS,
April 28, 2005 /PRNewswire-FirstCall via COMTEX/ --
Somera Communications (SMRA), a global provider of telecommunications
asset management services, today announced a new five-year,
multi-million dollar Lifecycle Services Contract with
XO Communications (XOCM) for the implementation of a
Network Spares Management program.
Under
this program, Somera will act as XO's reliable outsource
partner in the creation of a field-deployed inventory
program to reduce critical response time for network
spares. In this capacity, the program is designed to
drive measurable operational and capital savings by
leveraging Somera's inventory pooling strategy and outsources
services.
"This
contract win with XO Communications demonstrates the
value of our lifecycle management services," said
David W. Heard, Somera's President and Chief Executive
Officer. "As a true pioneer in telecom asset management,
we are acting as a preferred business outsource partner,
saving service providers real dollars in today's competitive
market place. This sizeable spares program with XO represents
just one element of our progress in building traction
in our annuity-based lifecycle services business."
Added
Heard, "XO has established itself as a leader in
implementing strategies to improve network reliability
through the availability of critical spares to ensure
network uptime while maximizing network investments.
We are delighted to be XO's strategic partner in co-developing
their spares inventory program and serving as their
single outsource spares provider. We look forward to
a long and mutually beneficial program."
The
execution of the program will be supported by Somera's
intellectual property in its proprietary global database
to track equipment assets spread over logistically diverse
locations, provide rapid turnaround for the delivery
of network spares components, and lower overall inventory
costs.
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 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
the terms and conditions of the contract with the service
provider, the anticipated size of the contract, and
Somera's ability to execute on its Lifecycle Management
Services 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 capabilities, and
Somera's ability to execute on the terms and conditions
of the XO contract; 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.
About
XO Communications
XO
Communications is a leading provider of national and
local telecommunications services to businesses, large
enterprises and telecommunications companies. XO offers
a complete portfolio of services, including local and
long distance voice, dedicated Internet access, private
networking, data transport, and Web hosting services
as well as bundled voice and Internet solutions. XO
provides these services over an advanced, national facilities-based
IP network and serves more than 70 metropolitan markets
across the United States. For more information, visit
http://www.xo.com.
SOURCE
Somera Communications |