LitePoint Punctuates 10th Year Anniversary with Record Quarter

SUNNYVALE, Calif., April 12 /PRNewswire/ -- LitePoint Corporation, the leader in wireless test solutions, posts another record quarter, with 100 percent quarter-over-quarter growth.

"Our market segments are growing aggressively," said Benny Madsen, LitePoint CEO. "Multi-radio convergence and the introduction of new wireless standards offer great benefits and pose serious challenges to the wireless value chain. Despite the rapid pace of change, our customers demand faster time to volume, higher test quality, and more savings. These are core things LitePoint does well, and the value proposition upon which we built our business. As we celebrate our 10-year anniversary, we see strong quarter-over-quarter growth and solid demand for our products and solutions in the future," Madsen added.

"We are obviously very pleased with our growth," said Spiros Bouas, LitePoint COO. "Our growth affords us the financial stability and the resources to continue to differentiate and make big investments in innovation and customer support. We are on track with our operating plan, and continue to grow our engineering staff and field presence so we can literally be closer to our customers. In addition to new field offices in China, we just opened LitePoint Japan last week and are establishing a cellular-test-technology center in Chicago in May."

SOURCE LitePoint Corporation