RF Monolithics, Inc. Expands Sales Coverage in China
DALLAS--Feb. 13, 2003--RF Monolithics, Inc. (RFM) today announced expansion of its sales channels in China with the appointment of Fiaco Microelectronics (HK) (Fiaco) as its sales representative for that area. Fiaco has provided professional sales and technical support as an electronic component supplier in the Asian markets since 1986 with offices in Beijing, Xian, ChengDu, Shanghai, Shenzhen and Guangzhou, China. Fiaco will focus on wireless markets throughout China with the exception of Hong Kong, which is serviced for RFM through a local distributor.David Crawford, Vice President of Sales for RFM commented, "The demand for wireless solutions in China is growing at a dramatic rate. For many years engineering, qualification and procurement of material for telecom and wireless equipment took place outside of China. But over the last decade, China has been developing engineering, manufacturing and material acquisition infrastructures which have made it a major player in the wireless marketplace. With the potential for growth in China it became clear that RFM needed representation familiar with the telecommunications and wireless equipment manufacturers within China. Our IF/RF SAW Filters and Frequency Control clocks and oscillators have been designed into various telecom equipment platforms around the world. We needed an organization that could get our products to the growing telecom and wireless companies within China. We are confident that Fiaco's geographical diversity, technical strengths, and established presence in the Chinese market will give us the opportunity to provide wireless solutions to these companies."
Crawford further stated, "The addition of Fiaco is a part of our on going, strategic effort to strengthen our market presence worldwide. In addition to Fiaco's coverage in China, we expect to increase our presence in the North America market with the addition of two new sales representatives, Disman Bakner Company in California and the Twist Company in Minnesota. We will continue to seek out sales organizations with the unique attributes necessary to market our products and increase our visibility in RF markets globally."
For additional information on this or other RFM News Releases, please visit the RFM web site at www.rfm.com or contact the Investor Relations Department at (972) 448-3767.
About Fiaco
Fiaco, headquartered in Hong Kong, has offices in six major industrial cities in China and provides sales, design support and technical assistance to wireless communications, satellite and telecommunications customer throughout China. In addition to a strong presence in China, Fiaco maintains an R&D facility in the United States. For additional information visit Fiaco's website at www.fiaco.com.
About RFM
RFM, headquartered in Dallas, Texas, is a leading developer, manufacturer and supplier of a broad range of radio frequency components, and modules based on surface acoustic wave technology for the automotive, telecommunication, industrial, consumer and distribution markets worldwide.
This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Although the Company believes that in making any such statement that its expectations are based upon reasonable assumptions, any such statement involves substantial risks and uncertainties including, but not limited to, those detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended August 31, 2002. Such risks and uncertainties could cause the actual outcomes of matters addressed in its forward-looking statements to vary materially from those set forth herein. The Company does not assume any obligation to update any forward-looking information contained in this release.