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ANITE/IFC FOSTER GROWTH OF LOCAL WIRELESS INDUSTRY.


Anite, Arlington Heights, Ill., a leading provider of test and measurement technology for the wireless communications industry, has signed an equipment leasing agreement with Morton Grove, IL-based IFC Credit Corporation that offers cost effective access to important technology for the development of mobile phones and wireless networks. Through IFC, a provider of financing services to commercial businesses, Anite's customers in the Chicago area and throughout North America can obtain high-quality wireless test and measurement equipment on a lease arrangement that allows for payment over a period of time. This unique approach encourages the continued development of new products and services by wireless communications companies managing reduced capital expenditure budgets by sidestepping the considerable upfront investment needed to purchase test equipment.

"IFC is very pleased to be working with Anite and offering a `level playing field' for companies that must advance their R&D efforts, but have limited budgets available for the purchase of critical wireless development systems," said Scot Ridge, Regional Manager, IFC Credit Corporation. "Our flexible leasing arrangements foster the entrepreneurial spirit by creating opportunities and access to technology for firms in Chicago and elsewhere that are making a significant impact on the global wireless telecommunications industry."

Leasing opportunities through the Anite/IFC partnership extend to all of Anite's wireless test and measurement platforms, which include a range of GSM, GPRS, EDGE and 3G solutions. The test and measurement process is a key component in the development and introduction of wireless products and services. Wireless device manufacturers and chipset designers use testing to reduce costs and speed time-to-market through the design cycle, and for validation of the finished product prior to commercial introduction. Network operators employ Anite technology to ensure that specific devices operate as intended in their respective environment and meet customer expectations for performance and overall quality of service.

"Anite views its partnership with IFC as the answer to a very real-world problem facing the wireless industry," said Rob Johnson, vice president of North American operations, Anite. "Companies are working with tight budgets and cannot support the purchase of many of these systems. But, more importantly, they cannot afford to sacrifice their R&D initiatives. IFC and Anite are positioned to deliver the latest technical advances in wireless protocol test equipment on lease and flexible purchase terms that enable growth and innovation, rather than impeding it."

About Anite

Anite is a leading developer and marketer of testing platforms for wireless communications at the terminal and network levels. Its solutions enable the rapid, reliable deployment of leading-edge communications services and products for 2G, 2.5G and 3G technologies. With 15 years' experience in providing customer-focused solutions, Anite and its products have played a major role in the advance of the global wireless and fixed telecommunication markets. For more information, visit the company on the Internet at http://www.anitetelecoms.com.

About IFC Credit Corporation

Incorporated in 1988, IFC Credit Corporation is a leading provider of financing services to commercial businesses. Headquartered in the Chicago suburb of Morton Grove, Illinois, IFC Credit Corporation provides financing for transactions ranging from as low as $5,000 to over $5,000,000 through the company's Vendor Services and Large Ticket business groups. IFC Credit Corporation's primary objective is to deliver the highest level of service together with the most cost-effective financing solutions.

For more information visit http://www.ifccredit.com or 847/437-9010.

COPYRIGHT 2003 Worldwide Videotex Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.

Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

NOTE: All illustrations and photos have been removed from this article.


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