Powerwave Technologies Inc. announced the expansion of its worldwide operations with the grand opening of its newest manufacturing facility located in Laem Chabang in Chonburi Province, Thailand. Powerwave is the first full wireless manufacturing company of this type to be located in Thailand. Expected to be operational by the end of the year, the 135,000-square-foot facility will initially employ 300 employees, with plans to employ approximately 500 employees by the end of 2010. The factory will manufacture various products including Remote Radio Heads, Multi Carrier Power Amplifiers, Power Distribution Units and Repeaters, and will support Powerwave's repair activities in Asia. The new facility, which is a Thailand Board of Investment sponsored development, supports the company's overall goal of reducing costs to maximize profitability, enabling Powerwave to further consolidate operations and reduce dependencies on multiple contract manufacturers all while establishing a world-class, efficient and effective low-cost manufacturing site. The new center also promotes the strategic use of Powerwave's global resources and assets. The Thai facility will implement Powerwave's newest and latest shop floor control and inventory management systems.

Powerwave Technologies Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 27, 2009. For the quarter, the company reported net sales of $139.0 million, compared with $238.0 million in the third quarter of fiscal 2008. The company reported third quarter GAAP net income of $0.3 million, which includes non-cash intangible asset amortization charges of $0.8 million compared with a net loss of $1.8 million, or $0.1 basic and diluted per share in the prior year period. For the quarter excluding the intangible asset amortization and restructuring and impairment charges, on a pro forma basis, the company would have reported net income of $2.1 million or 2 cents diluted per share. Operating income was $1.8 million compared to operating loss of $1.2 million for the same period last year. Income before income taxes was $1.0 million compared to income before income taxes of $1.2 million for the same period last year. For the first nine months of fiscal 2009, total revenue was $424.9 million compared with $709.9 million for the first nine months of fiscal 2008. The company reported total net income of $4.5 million, or 3 cents basic and diluted per share compared with a net loss of $26.3 million or 20 cents basic and diluted per share for the first nine months of fiscal 2008. The results for the first nine months of 2009 include a total of $6.3 million of restructuring and impairment charges and intangible asset amortization, and the results for the first nine months of 2008 included $42.0 million of such expenses. Operating loss was $4.9 million compared to operating loss of $13.6 million for the same period last year. Income before income taxes was $6.0 million compared to income before income taxes of $23.7 million for the same period last year. For the quarter, the company reported $0.7 million of restructuring and impairment charges.

Powerwave Technologies Inc. announced cash flow results for the third quarter and nine months ended September 27, 2009. For the quarter, the company reported cash flow from operations of approximately $4.7 million. The company's total capital spending was approximately $1 million.