GCT Asia Pacific in Seoul; New Office for Sales & Marketing
Santa Clara, CA - July 12, 2000 - Global Communication Technology, Inc. ("GCT") announced today the establishment of its first sales & marketing office for the Asian region, named "GCT Asia Pacific," located in Seoul, Korea. GCT Asia Pacific ("GCT AP") will focus also on production for that region.
"The Asia Pacific region is one of the most dynamic emerging markets within the wireless communications industry," said Mr. K.S. Lee, CEO of GCT, "which is expected to grow at a rate of 31% through the year 2004 for cellular and PCS subscribers, according to a recent forecast conducted by Strategies Unlimited. What's more, Bluetooth-enabled cellular and PCS phones and notebook PCs bound for the Japanese market are expected to initially take off faster than in the US. Therefore, the establishment today of GCT AP in Asia is a very timely global strategy.
He added: "GCT is the world's first company to provide an integrated Direct Conversion CMOS implementation. GCT's capabilities can facilitate the total integration of modem, multimedia engine, and RF technologies. Also, GCT's single-chip Bluetooth radio, modem, protocol stack, and additional applications are fully compliant with the Bluetooth specification v 1.0b. Based on these innovative technologies, GCT's best performance Bluetooth solution can lead the burgeoning Bluetooth market. In addition, GCT offers an IMT-2000 (W-CDMA) solution, which is anchored in both RF CMOS and all-in-one MSM technologies. We believe this will provide an optimal solution for IMT-2000. "We are also happy to announce that GCT AP has recently hired some highly talented new personnel. We believe that their combined experience and knowledge will allow GCT to fully exploit its core competencies and to become a key player in the Asian Pacific market very soon.
At the head of GCT AP will be its newly appointed president- Mr. S.D. Joe, formerly President of Advanced Core Tech, Inc., which is GCT's R&D subsidiary. Mr. Joe is also VP of Sales & Marketing for GCT, the parent company. Prior to joining GCT, Mr. Joe spent over 6 years at Silicon Graphics, Inc. as Country Manager of Korea and Director of Sales Operations for the Asia Pacific region. His efforts contributed to a dramatic increase in sales revenue in Korea from US$ 8 million to over US$ 50 million within 3 years. His former background of working for the Silicon Valley branch of the Korean conglomerate, Hyundai Electronics will further help to drive GCT to become a real global force to contend with.
About GCT Semiconductor, Inc.
GCT Semiconductor is a leading fabless semiconductor company that produces innovative integrated circuit solutions for the wireless communications industry. With its proven radio frequency (RF) CMOS and system-on-a-chip (SOC) expertise, GCT provides state-of-the-art single-chip CMOS RF transceivers, mobile digital TV receivers and Mobile WiMAX solutions serving 3G and 4G mobile system manufacturers by reducing BOM cost, lowering power consumption and minimizing total solution size. For more information, please visit www.gctsemi.com.
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