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4-Traders Homepage  >  Equities  >  Nasdaq  >  TESSCO Technologies, Inc.    TESS

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TESSCO Technologies, Inc. : TESSCO Offers Breakthrough Solution to Combat Copper Theft

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04/30/2012 | 02:05pm CET

TESSCO Technologies Incorporated (NASDAQ:TESS), a leading provider of the product and value chain solutions required to build, use and maintain wireless systems, today announced the availability of a groundbreaking device that will change the way wireless service providers combat copper theft at their sites. The Ventev® GTRM is an intelligent alert signaling device that immediately sends out notifications to multiple contacts when a site grounding system has been compromised, either because of copper theft or ground wire deterioration due to the environment.

"The GTRM is a sophisticated, yet easy-to-install device that monitors the integrity of a site grounding system," said Ventev Innovations Vice President Jeff Lime. "Getting instant notification of the change in status of a site grounding system enables communications site managers to take immediate action. If the system grounding is compromised, the site's electronic equipment is vulnerable to electrical surge or lightning-strike damage."

The GTRM is a highly versatile solution that can be configured to meet multiple site needs. The GTRM mounts inside a communications cabinet and taps up to five distinct monitoring points in the grounding system. When the continuity of the ground circuit is interrupted by theft, an alarm is sent to the network operations center, and a text message and email alert are instantly sent to the network manager.

"Deploying the GTRM is fast and cost effective," Lime added. "The payback can be as fast as one incident. By enabling network managers with an accurate picture of the alarm source, they can act quickly enough to prevent equipment damage or a complete site outage with an appropriate field dispatch response."

Field trial and production units of this industry-leading solution are available exclusively through TESSCO. Visit www.TESSCO.com, (SKU# 349922), or contact a TESSCO Account Manager to order.

About TESSCO

TESSCO Technologies (NASDAQ:TESS), is Your Total Source® for making wireless work. The convergence of wireless and the Internet is revolutionizing the way we live and work. New systems and applications are unlocking human potential at an unprecedented rate. TESSCO is there, thinking in new ways for exceptional outcomes. TESSCO architects and delivers, with innovation, productivity and speed, the product and value chain solutions to organizations responsible for building, operating, and maintaining wireless voice, data and video systems.

About Ventev Innovations

Ventev Innovations, a Division of TESSCO Technologies, is an engineering-driven manufacturer focused on developing high-performing, intelligent, and exciting products for the ever-changing world of wireless. Whether developing fun and interesting accessories to complement the latest in mobile device technologies, or designing, engineering, and introducing complex, first-to-market outdoor, industrial, power solutions, Ventev Innovations is changing the way discerning customers think of wireless. In addition to its Ventev® brand, the Company also develops and delivers extraordinary solutions under the TerraWave Solutions® and Wireless Solutions® brands. TESSCO is the exclusive distributor of Ventev products.

TESSCO Technologies Incorporated
Jamie Holloway, 410-229-1123
Hollowayj@tessco.com


© Business Wire 2012
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Financials ($)
Sales 2017 519 M
EBIT 2017 3,47 M
Net income 2017 -
Debt 2017 -
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
Capi. / Sales 2017 0,22x
Capi. / Sales 2018 0,23x
Capitalization 114 M
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Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 10,0 $
Spread / Average Target -27%
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NameTitle
Murray Wright President, Chief Executive Officer & Director
Robert B. Barnhill Executive Chairman
Aric M. Spitulnik Chief Financial Officer, Secretary & Senior VP
John D. Beletic Lead Independent Director
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