Merger with Temex Sync to take Spectracom global

17 October 2007

Spectracom''s line of wireless clocks and wired clocks, both in digital and analog clock formats, enable 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 telecommunication network synchronization. Target markets including communications, education, entertainment/hospitality, financial, government (all levels), healthcare, manufacturing, pharmaceuticals, public safety, telecommunications, transportation and utilities.

>Orolia group subsidiary Temex Sync 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 synchronisation 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-synchronised timing solutions.

"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," said Lisa Withers, president and CEO of Spectracom. "Together our combined product line and local support will give us a competitive edge in Europe and other international markets."

Orolia chairman and CEO, Jean-Yves Courtois, said, "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, New York with a business unit in Les Ulis, close to Paris, France, where Temex Sync already has substantial sales in Europe and throughout the world.

Orolia, a precision electronics technology group, 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, defense and security as well as telecommunications and broadcasting. Orolia''s systems are deployed in a number of countries in Europe, Asia and North and South America. Orolia group clients include Merrill Lynch, Moody''s, Deutsche Bank, ATT, Verizon, Motorola, French Ministry of Defense, and the US Air Force.