Powerwave Technologies, Inc.
TypePublic (Nasdaq: PWAV)
IndustryTelecommunications
Founded1985
HeadquartersSanta Ana, California, United States
Area served
Worldwide
Key people
Alfonso Cordero, Founder
ProductsHardware, software and services to telecommunications service providers
RevenueIncrease US$ 591.5 million (2010)
Number of employees
2100 (2010)
WebsitePowerwave.com

Powerwave Technologies Inc. was a global telecommunications corporation, with solutions designed to amplify coverage, capacity and data speed in wireless communications networks.[1] Its products supported wireless services worldwide by providing wireless infrastructure such as antennas, base station and coverage systems, covering all major frequency bands and air interfaces to support customers’ existing wireless networks as well as efforts to deploy next-generation 4G WiMAX and LTE systems.

Powerwave Technologies filed for Chapter 11 bankruptcy on 28 January 2013.[2] Powerwave ceased operations by extending the bankruptcy to Chapter 7 on 10 June 2013.[3]

Acquisitions

In 2004, the firm acquired LGP Allgon, a global provider of wireless infrastructure equipment and coverage solutions, in order to offer a broader range of products for use in wireless networks worldwide.[4]

In 2005, Powerwave also acquired Kaval Wireless, an Ontario-based company that supplies in-building wireless coverage. This extended the firm's product breadth and market reach in the coverage solutions marketplace with emphasis on the public safety and government markets. Also in 2005, it acquired certain assets of REMEC, Inc.’s Wireless Systems business, including its RF conditioning products, filters, tower mounted amplifiers and RF power amplifiers.[5] It acquired specific product lines from Filtronic's Wireless Infrastructure division in 2006 to include transmit/receive filters, integrated remote radio heads and power amplifier products, all for use in commercial wireless infrastructure base station equipment.

Organization

Office locations

Powerwave had office locations in 15 countries. The company's Worldwide Headquarters was in Santa Ana, CA 92705.

Company leadership

Alfonso "Al" Cordero founded the company in Garden Grove California in 1985.

Bruce C. Edwards served as President from 1996 to 2004, and as Chief Executive Officer from 1996 to 2005.

Ronald J. Buschur was named President and Chief Executive Office in 2005.[6]

Bankruptcy and recent events

Powerwave Technologies filed for Chapter 11 bankruptcy on January 28, 2013[7] with a listed debt of $396M and assets of $213M.[8] As a result of bankruptcy proceedings, Powerwave closed down operations in May 2013.[3]

In September 2014, Intel announced that it would buy about 1,400 Powerwave patents, mainly relating to wireless communication. The price was not disclosed.[9]

References

  1. ↑ "The New York Times - Search". topics.nytimes.com. Retrieved 2022-10-07.
  2. ↑ Brickley, Peg (28 January 2013). "PowerWave Technologies Files for Chapter 11". Wall Street Journal. Dow Jones & Company. Retrieved 28 January 2013. Wireless-equipment maker PowerWave Technologies Inc. filed for Chapter 11 bankruptcy protection Monday, with a $150 million issue of convertible debt topping its list of unpaid, unsecured bills.
  3. 1 2 "Powerwave converts Chapter 11 bankruptcy to Chapter 7". www.totaltele.com. Archived from the original on 2013-08-07.
  4. ↑ Company History. http://www.powerwave.com/companyinformation.asp, Powerwave Technologies. Retrieved December 4, 2009.
  5. ↑ Powerwave Technologies to Acquire Selected Wireless Assets of REMEC, Inc. http://www.globenewswire.com/newsroom/news.html?d=74364, GlobeNewswire. March 14, 2005.
  6. ↑ Powerwave names new CEO. http://losangeles.bizjournals.com/losangeles/stories/2005/02/07/daily63.html. Los Angeles Business from bizjournals. February 11, 2005.
  7. ↑ "Powerwave Technologies Files for Bankruptcy in Delaware". Bloomberg.com. 28 January 2013.
  8. ↑ "Powerwave Technologies (PWAV -76.1%) files for bankruptcy protection after losing money in four... (NASDAQ:PWAV) | Seeking Alpha". seekingalpha.com. 28 January 2013. Retrieved 2021-08-30.
  9. ↑ Leon Spencer, "Intel nabs 1,400 Powerwave patents amid wire-free push", ZDNet, September 11, 2014.
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