Spectracom goes global in high-precision timing & synchronization market

Added: (Thu Aug 30 2007)

Pressbox (Press Release) - Rochester (New York), 28 August 2007 – Spectracom Corp., a leading provider of synchronization products, announces today its merger with Temex Sync, a designer and manufacturer of time and frequency products for worldwide markets. The two companies will market their products and systems under the Spectracom brand name in a global partnership that strengthens product lines, enhances their combined technology portfolio, and increases their worldwide presence. This will ensure that the Spectracom brand becomes a Tier 1 reference in the worldwide market for high-precision timing and synchronization systems.

Temex Sync is a subsidiary of the Orolia group (NYSE Euronext Paris - FR0010501015 - ALORO). Orolia brings together a number of cutting-edge technology companies developing and manufacturing high-precision time and frequency systems. The combined operations of the new group, including Spectracom, positions Orolia as a Tier 1 vendor worldwide in the growing high-precision timing and synchronization market. Spectracom’s product lines, channels and support will also benefit from access to another Orolia company, Temex Time, which develops and markets low-cost Rubidium clocks and smart GPS-synchronized timing solutions.

“We are very excited to join forces with the Temex Sync team, as it is an excellent match which will enable us to bring even better products and services to our customers, and to build our business globally,” says Lisa Withers, President and CEO of Spectracom. “We believe our strong position in US public safety markets and growth strategy in aerospace and defence will be greatly enhanced by the exceptional technology team at Temex Sync. Together, our combined product line and local support will give us a competitive edge in Europe and other international markets.”

Jean-Yves Courtois, Orolia Chairman and CEO, says: “The synergy between these two successful companies means a step change for the global timing community, which stands to benefit enormously from the technical depth and heritage of Spectracom and Temex Sync. We look forward to bringing these benefits to our customers the world over.”

The new entity will be headquartered in Rochester, in the state of New York (in the USA), with a business unit in Les Ulis (close to Paris) in France — a country where Temex Sync already has substantial sales, and from where the company sells its technology across Europe and throughout the rest of the world.

Orolia recently joined other listed companies on the NYSE Euronext’s Alternext exchange.

About Spectracom Corp

Spectracom Corporation is a leading designer and manufacturer of GPS (Global Positioning System) synchronized network time servers and precise transmitter frequency control devices. The company was founded in 1972, and now more than 15,000 businesses and organizations rely on Spectracom’s time synchronization products to improve operating efficiencies, to synchronize computer networks, to synchronize security systems, and to accurately and consistently document events where Legally Traceable Time® is needed.

Spectracom’s line of wireless clocks and wired clocks — both in digital and analogue clock formats — enables users to display synchronized time wherever necessary. The company’s precise frequency control products provide customers with a GPS frequency reference in such applications as calibration, test and measurement, digital TV, land mobile simulcast, and telecommunications network synchronization. Target markets include communications, education, entertainment/hospitality, financial services, government departments (at all levels), healthcare, manufacturing, pharmaceuticals, public safety, telecommunications, transportation and utilities.

About Orolia SA

Orolia SA, a precision electronics technology group, brings together leading-edge companies specializing in high-precision time and frequency systems for mission-critical applications. Orolia develops and markets systems that produce and distribute ultra-high precision signals through information networks in large and growing high-end markets, such as space and navigation, defence and security, as well as telecommunications and broadcasting.

Orolia’s systems are deployed in a number of countries in Europe, Asia, as well as North and South America. Clients of the Orolia group include ATT, Deutsche Bank, the French Ministry of Defence, Merrill Lynch, Moody’s, Motorola, the US Air Force and Verizon.

Orolia’s systems produce and distribute high-precision signals through information networks. These high-technology products can be used anytime information needs to be synchronized to a level of accuracy ranging from a millionth of a second to a billionth of a second. Such high-precision levels are required in many mission-critical applications such as satellite navigation (GPS, Galileo), military systems (radars, electronic warfare, guidance of nuclear submarines, secured communication networks, telemetry of ballistic missiles and other defence applications), space exploration, or digital terrestrial broadcasting.

The Orolia group, which was formed in 2006, consists of three entities: Temex Neuchatel Time, T4 Science and Spectracom, which, in turn, includes Temex Sync. Orolia is committed to an accelerated growth strategy that entails acquiring companies, products or technologies.

Orolia’s headquarters are located in Les Ulis, near Paris (in France), and the company also has offices in Neuchatel (in Switzerland) and in Rochester, in the state of New York (in the USA).

For more information, go to: http://www.orolia.com