September 15, 2008
LeCroy Enters New Oscilloscope Market Segment With Launch of WaveAce(TM) Series
LeCroy Corporation (NASDAQ: LCRY), a leading supplier of oscilloscopes and serial data test solutions, today announced the launch of its WaveAce(TM) series of digital oscilloscopes. The introduction of the WaveAce series marks LeCroy's first entry into the sub-100 MHz product space, a significant segment of the world oscilloscope market.
"The introduction of the WaveAce provides LeCroy with its first opportunity to participate in the sizable market for very low-cost oscilloscopes," said President and Chief Executive Officer Tom Reslewic. "During the past two years, we have developed effective third-party distribution channels to sell our two lowest bandwidth product families, the WaveSurfer and WaveJet. We now are significantly expanding LeCroy's product line for our distribution network by adding another product family below the WaveJet. While competitively priced, the WaveAce is a performance leader in this class of portable oscilloscopes with features that include memory two-to-three times that of competitive scopes, increased measurement capabilities, large internal storage and ease of viewing with a high-resolution color screen."
The WaveAce is available in six models with two channels at bandwidths of 60 MHz, 100 MHz, 200 MHz and 300 MHz. All models have color displays. WaveAce officially launches today and is available for sale in 57 countries, with user interface translations in 10 languages.
About LeCroy Corporation
LeCroy Corporation is a worldwide leader in serial data test solutions, creating advanced instruments that drive product innovation by quickly measuring, analyzing and verifying complex electronic signals. The Company offers high-performance oscilloscopes, serial data analyzers and global communications protocol test solutions used by design engineers in the computer/semiconductor/consumer electronics, data storage, automotive/industrial, and military/aerospace markets. LeCroy's 40-year heritage of technical innovation is the foundation for its recognized leadership in "WaveShape Analysis" - capturing, viewing and measuring the high-speed signals that drive today's information and communications technologies. LeCroy is headquartered in Chestnut Ridge, New York. Company information is available at http://www.lecroy.com.
This release contains forward-looking statements, including those pertaining to the WaveAce(TM) series of digital oscilloscopes and its capabilities, characteristics, capacities, technology, design, performance, effectiveness and usefulness, the size of the market for such oscilloscopes, the likely cost range and whether that is competitively priced, and the effectiveness of third-party distribution channels. There can be no assurance that actual results will not materially differ from expectations. Actual performance and results of operations may differ materially from those projected or suggested in the forward-looking statements due to certain risks and uncertainties including, without limitation, volume and timing of orders received, changes in the mix of products sold, competitive pricing pressure, the Company's ability to anticipate changes in the market, the availability and timing of funding for the Company's current products, the development of future products and the Company's ability to use intellectual property and protect its patent portfolio. LeCroy undertakes no obligation to publicly update forward-looking statements, whether because of new information, future events or otherwise. Further information on potential factors that could affect LeCroy Corporation's business is described in the Company's reports on file with the SEC.