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Rakon Reports Record Quarter Output at U.K. Plant, Herald Says

Rakon Ltd., a New Zealand-based supplier of crystal oscillators for global positioning systems, posted record quarterly shipments from its U.K. plant amid demand for mobile technology, the New Zealand Herald reported.

About 800,000 units were shipped from the U.K. plant in the three months ended Sept. 30, the newspaper said. The crystal oscillators are a key component of femtocells, which companies such as Vodafone Group Plc and AT&T Inc. are introducing to improve mobile network coverage, the Herald said, citing Rakon Chief Executive Officer Brent Robinson.

Rakon expects the femtocell market to remain strong as more networks roll out the technology, the newspaper said.

The company acquired its British operation for NZ$58 million ($43 million) in early 2007. The quarter’s production is four times the volume shipped in the three months immediately following the acquisition, the newspaper said.

To contact the reporter for this story: Phoebe Sedgman at psedgman1@bloomberg.net.

To contact the editor responsible for this story: Iain Wilson iwilson2@bloomberg.net

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