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ATCA/Standard Servers

RadiSys Announces Q4

HILLSBORO, Ore. -- RadiSys Corporation (NASDAQ:RSYS) , a leading global provider of advanced embedded systems, reported revenues of $61.9 million for the quarter ended December 31, 2005. Net income for the quarter was $4.9 million, or $.20 per diluted share, versus net income of $2.8 million, or $.13 per diluted share, a year ago. The results for the fourth quarter include a tax benefit of $2.2 million, or $.08 per share, associated primarily with a projected increase in future utilization of deferred tax assets. For the year ended December 31, 2005, revenues were $260.2 million, which is up from $245.8 million for the year ended December 31, 2004. Net income for the year ended December 31, 2005 was $16.0 million, or $.68 per diluted share, compared to net income of $13.0 million, or $.59 per diluted share for the year ended December 31, 2004.

"Overall, I am very pleased with our progress in 2005," said Scott Grout, Chief Executive Officer. "Although our fourth quarter wireless infrastructure revenue finished below our original expectations, we delivered another year of revenue and earnings growth and increased our net cash position by approximately $35 million in the year. Strategically, we made very significant progress on our new products such as ATCA and COM-E, to position ourselves to take advantage of what we believe are large emerging opportunities in our target markets. In the fourth quarter, we closed additional business with our new Promentum and Procelerant product lines in applications such as broadband wireless packet networks, IP telephony, QOS management, multimedia messaging and industrial and medical imaging systems."

In conjunction with the 3GSM trade show later this month in Barcelona, Spain, the Company will formally introduce the Promentum SYS-6010, a 10 Gigabit ATCA application ready platform targeted for use in high-bandwidth dataplane applications. Until now, ATCA has principally been targeted for use in ancillary network control applications such as session setup, monitoring and management. With the introduction of the Promentum SYS-6010 platform, RadiSys expands the domain of use for ATCA into core traffic-bearing applications that require significantly greater bandwidth and traffic processing capabilities. The Promentum SYS-6010 will deliver the highest speed I/O, switching and packet processing capacities to be implemented in an ATCA system. Scheduled for early availability mid-2006, this solution will be implemented in a highly flexible and reliable architecture that includes comprehensive system management capability. The SYS-6010 is targeted at applications such as IMS (IP Multimedia Subsystem), Radio Network Controllers, Base Station Controllers, Media Gateways, and Call Servers.

Radisys Corp. (Nasdaq: RSYS)

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