HUNT VALLEY, MARYLAND, October 28, 2001 - TESSCO Technologies Incorporated (NASDAQ: TESS) a global supplier of product and supply chain solutions to the wireless communications industry, announced today a strategic agreement to be the primary supplier to American Tower Corporation (NYSE: AMT), a leading wireless and broadcast communications infrastructure company.
Under the agreement TESSCO will supply American Tower Corporation (ATC) with logistics and material management services necessary to help build and maintain its network infrastructure. TESSCO will configure and deliver products such as RF propagation components, test equipment, tools, and supplies to American Tower’s point of use, rather than to storage, as products are needed. TESSCO will provide its proprietary customized KCDCä (Knowledge, Configuration, Delivery and Control) system to integrate ATC’s wireless site logistics, with the objective of reducing product inventories, lowering total costs, and reducing the total build-cycle time.
Peter J. Sandore, President of American Tower’s Integrated Services division said, “By selecting TESSCO as our primary supplier of logistics services, we will be able to outsource ancillary requirements and allow greater resources to be focused on our tower site leasing, implementation services, and manufacturing operations.”
“We are excited to have been selected by American Tower to be their primary supplier and we look forward to supporting their requirements. Our companies are coming together to build the industry’s premier supply chain solution, which should benefit American Tower’s speed to market and return on capital,” said Robert B. Barnhill, Jr., TESSCO’s chairman and chief executive officer.
About TESSCO
TESSCO Technologies Incorporated is a leading supplier of the
product and supply chain solutions required to build, operate, maintain and use
wireless voice, data, messaging, location tracking and Internet systems.
TESSCO’s guiding vision is to be the Vital LinkTM between buyers and manufacturers. For its customers, TESSCO provides a total source of product choices and availability and the solutions that create an opportunity to improve the way business is done. For its manufacturers, TESSCO presents, markets and sells their products as a part of a total customer solution, thus providing a cost-effective channel to a broad and diverse customer base. The TESSCO mission is to virtually link knowledge and delivery of the right product, in the right configuration, at the right time, to the point of use, while providing control of the supply chain process.
TESSCO’s support operations are centralized in the Global Logistics Center, the Company’s ISO 9002 registered headquarters in Hunt Valley, Maryland. Marketing campaigns and new product and service solutions are developed at the Solution Development Center, also located in Hunt Valley, Maryland. Fulfillment centers in Hunt Valley, Maryland, and Reno, Nevada, configure orders for complete, on-time delivery throughout the world. Its product offerings consist of over 27,000 items from over 400 manufacturers. The Company currently serves more than 8,500 business customers and 17,000 consumers per month, including a diversified mix of cellular, PCS and paging carriers, wireless ISP, fixed broadband and mobile dispatch operators, infrastructure site owners, contractors and integrators, wireless value-added resellers, retailers, plus consumers and subscribers.
About American Tower
American Tower is the leading independent owner, operator
and developer of broadcast and wireless communications sites in North America.
Giving effect to pending transactions, American Tower operates
approximately 14,400 sites in the United States, Mexico, and Brazil, including
approximately 300 broadcast tower sites. Of
the 14,400 sites, approximately 13,500 are owned or leased towers and
approximately 900 are managed and lease/sublease sites.
Based in Boston, American Tower has regional hub offices in Boston,
Atlanta, Chicago, Houston, San Francisco and Mexico City.
For more information about American Tower Corporation and its subsidiary
Verestar, Inc., please visit our web sites www.americantower.com
and www.verestar.com.
# # #
Contact:
Molly Hughes
TESSCO Technologies
Stakeholder Relations & Communications
(410) 229-1057
hughes@tessco.com