SHANGHAI, Jan. 17, 2012 /PRNewswire-Asia/ -- LitePoint, a leading provider of wireless test solutions, has announced the opening of expanded operations in Shanghai with a new facility in the Zhangjiang Hi-Tech Park, a planned area of 25 square kilometers located in northern Pudong New Area, Shanghai.
The technology park is the East Asia home of some of the world's leading technology brands and manufacturers and a natural fit for LitePoint's core strategy of continued growth in Asia, where the majority of LitePoint's customers and future growth reside.
"We are continuing to make major investments in Asia as we implement our strategy of building centers of innovation in our key markets, in close proximity to our customers," said Spiros Bouas, chief operating officer at LitePoint. Bouas added, "Our Asian operations aren't just sales or support offices. These are full 'copies' of our Silicon Valley operations, complete with fully empowered cross-functional teams and executive management. We feel it's important that key functions such as product development and business operations be completely local in order to fully support the unique needs of our customers in these distinct markets. This gives us an even greater ability to meet our customers' needs and offers us a unique competitive advantage." Bouas said the new Shanghai facility is in addition to LitePoint's Asian operations in Shenzhen, Taipei and Tokyo.
About LitePoint
LitePoint, a wholly owned subsidiary of Teradyne, Inc. (NYSE: TER), is based in Sunnyvale, California. The company designs, develops and supports advanced wireless test solutions for developers of wireless devices and consumer electronics, contract manufacturers and wireless integrated circuit designers. LitePoint solutions have optimized and verified the operation of more than one billion wireless devices worldwide. LitePoint products are used in development and high-volume manufacturing, providing its customers with improved ROI, time-to-market, manufacturing yields, and product quality. For more, go to www.litepoint.com.
| Media Contacts: | |
| Jeff Lin, Asia General Manager | Brad Poston, VP Marketing Communications |
| LitePoint | LitePoint |
| +886-2-7745-5268 | +1-408-456-5000 |
| jeff.lin@litepoint.com | brad.poston@litepoint.com |
| Investor Contact: | |
| Andrew Blanchard, VP Investor Relations | |
| Teradyne, Inc. | |
| +1-978-370-2425 | |
| investorrelations@teradyne.com |
