The Company also announced it has completed the divestiture of its high
resolution OTDR business in
These transactions are in line with Sunrise Telecom's previously announced strategy of divesting itself of non-core businesses to better concentrate on its core business of developing intuitive, innovative test equipment for communications service providers' installation and maintenance needs.
"Completing these two divestitures results in a better alignment of
Sunrise Telecom's resources with our strategy and enhances Sunrise Telecom's
liquidity," commented
About Sunrise Telecom Incorporated
Sunrise Telecom develops and delivers high-quality communications test and
measurement solutions for telecom, cable and wireless networks. The Company's
robust portfolio of feature-rich, easy-to-use products enables service
providers to deliver premium voice, video, data and next-generation digital
multimedia services quickly, reliably, and cost-effectively. Based in
SUNRISE TELECOM, the "S" logo, and other trademarks are trademarks of Sunrise Telecom Incorporated and may not be used without permission.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning
of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the
Securities Act of 1933, including, but not limited to, material contained in
quotations, expectations for the divestiture of non-core assets, expectations
regarding a more targeted business focus; and expectations regarding increased
liquidity. These forward-looking statements are subject to many risks and
uncertainties that could cause actual results to differ materially from those
projected, for example, shortfalls in revenue; greater than anticipated uses
of cash; rapid technological change within the telecommunications industry;
our ability to manage growth, slowdowns and changes in the macro-economic
environment; the loss of key employees; the long-term impact of cost controls;
and the unknown effects of management changes. Some of these risks and
uncertainties are described in more detail in our reports filed with the SEC,
including our Annual Report on Form 10-K for the period ended
SOURCE Sunrise Telecom Incorporated