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Sunrise Telecom(R) Provides Preliminary Fourth Quarter Revenue Results, Exceeds Guidance

    SAN JOSE, Calif., Jan. 22 /PRNewswire-FirstCall/ -- Sunrise Telecom(R)
Incorporated (OTC: SRTI.PK), a leading provider of service verification
equipment for telecommunications, cable broadband and Internet networks,
today announced preliminary revenue results for the fourth quarter 2006.
The company now expects its fourth quarter revenues to be in the range of
$35 to $36 million, significantly above the guidance range of $27 to $30
million that it provided on November 3, 2006. The company believes that
fourth quarter performance was driven to a large extent by accelerating
deployment of triple play services in North America.
    Sunrise Telecom President and CEO, Paul Marshall said, "Clearly the
triple play initiatives by major U.S. carriers served as a strong growth
catalyst for Sunrise Telecom last year. Preliminary results indicate that
for the full year 2006 our revenues increased by an impressive 40%. We
expect that the favorable market environment for our products will persist
in 2007 as our customers equip their central offices and their field
technicians with a broad range of testing tools in support of the FTTx
initiatives."
    In February Sunrise Telecom expects to announce final results for the
2006 fourth quarter and full year.
    About Sunrise Telecom Incorporated
    Sunrise Telecom develops and manufactures communications test and
measurement solutions that enable service providers to deliver high-quality
voice, video, data and next-generation digital multimedia services quickly,
reliably, and cost-effectively. The company offers a robust portfolio of
feature-rich, easy-to-use products that pre-qualify, verify, and diagnose
telecommunications, cable TV, wireless, and Internet networks from a
variety of access points including wireline, DSL, optical fiber, coaxial
cable, and signaling networks. Based in San Jose, California, Sunrise
Telecom distributes its products through a direct sales force and a network
of distributors worldwide. For more information, visit
http://www.sunrisetelecom.com.
    Forward-Looking Statements
    This press release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as amended,
including expectations for increased demand for the company's products in
2007. These forward-looking statements are made pursuant to safe harbor
provisions and are subject to certain risks and uncertainties that could
cause actual results to differ materially from those projected. Specific
factors that may cause results to differ include the following: a lack of
acceptance or slower than anticipated acceptance for Sunrise Telecom's new
or enhanced products and modules; slower than anticipated product
development or introduction into the marketplace; unanticipated delays in
product delivery schedules; lower than anticipated end-user demand for
telecommunications services and a corresponding cutback in spending by
customers; increased competitive pressures; rapid technological change
within the telecommunications industry; Sunrise Telecom's dependence on a
limited number of major customers; Sunrise Telecom's dependence on limited
source suppliers; deferred or lost sales resulting from order cancellations
or order changes; deferred or lost sales resulting from Sunrise Telecom's
lengthy sales cycle; unanticipated difficulties associated with
international operations; Sunrise Telecom's ability to manage growth and
slowdowns; the unknown effects of management changes; the loss of key
personnel; and increased management attention regarding finance and
accounting matters and curing periodic reporting delays. Some of these
risks and uncertainties are described in more detail in Sunrise Telecom's
reports filed with the Securities and Exchange Commission, including, but
not limited to, its Form 10-K for the year ended December 31, 2004 and its
Forms 10-Q for the quarters ended March 31 and June 30, 2005. Sunrise
Telecom assumes no obligation to update the forward-looking statements
included in this press release.
    NOTE: Sunrise Telecom, SunSet MTT, and SunSet are registered trademarks
of Sunrise Telecom Incorporated. All other trade, product, or service names
referenced in this release may be trademarks or registered trademarks of
their respective holders.

 

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