Motorola Solutions, Inc. (NYSE: MSI), formerly Motorola, Inc., today
completed the previously announced separation of Motorola Mobility
Holdings, Inc. Motorola Solutions shares begin trading today on the New
York Stock Exchange (NYSE) under the ticker symbol “MSI.” Motorola
Solutions delivers innovative business- and mission-critical
communications solutions for commercial enterprises and government
customers throughout the world.
Under the terms of the distribution, which was completed today,
Motorola, Inc. stockholders as of the close of business on the record
date of Dec. 21, 2010, received 1 share of Motorola Mobility Holdings
common stock for every 8 shares of Motorola, Inc. common stock they
held. Immediately following the distribution of Motorola Mobility
Holdings common stock, Motorola, Inc. completed a 1-for-7 reverse stock
split.
Motorola Solutions is a worldwide leader in nearly all of the markets we
serve. We have a highly diversified customer base, employees in over 65
countries and an unmatched breadth of innovative technology offerings.
Motorola Solutions meets a wide range of customer needs through its
public safety solutions, mobile computing technology, advanced data
capture, integrated command and control communications, WLAN solutions
and advanced services.
“With a purpose-driven brand and a strong balance sheet, we are very
well positioned for the future,” said Greg Brown, president and CEO of
Motorola Solutions. “Motorola Solutions has an outstanding platform to
build from and I believe our opportunities for growth will benefit
customers, shareholders and employees.”
Brown and members of the Motorola Solutions management team will ring
The Closing Bell™ at the NYSE today in honor of the initiation of
Motorola Solutions’ first day of trading under the ticker symbol "MSI."
About Motorola Solutions
Motorola Solutions is a leading provider of business- and
mission-critical communication products and services for enterprise and
government customers. Through leading-edge innovation and communications
technology, it is a global leader that enables its customers to be their
best in the moments that matter. Motorola Solutions trades on the New
York Stock Exchange under the ticker “MSI.” To learn more, visit www.motorolasolutions.com.
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Precautionary Statements Regarding Forward-Looking Information
This press release contains “forward-looking statements” within the
meaning of applicable federal securities laws. These statements are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 and generally include words such as
“believes”, “expects”, “intends”, “anticipates”, “estimates” and similar
expressions. We can give no assurance that any future results or events
discussed in these statements will be achieved. Any forward looking
statements represent our views only as of today and should not be relied
upon as representing our views as of any subsequent date. Readers are
cautioned that such forward-looking statements are subject to a variety
of risks and uncertainties that could cause our actual results to differ
materially from the statements contained in this release. Such
forward-looking statements include, but are not limited to statements
about the effect of the separation on the company, its stockholders,
customers and employees; the capitalization of Motorola Solutions; the
future operational, strategic and financial success of Motorola
Solutions and other possible results of separation. Many of these risks
and uncertainties are based on factors that cannot be controlled by
Motorola Solutions and include, but are not limited to (1) market
conditions in general; (2) the effect our separation and the reverse
stock split may have on Motorola Solutions’ stock price; (3) the risk
that the anticipated benefits from the separation and reverse stock
split may not be fully realized or may take longer to realize than
expected; (4) Motorola Solutions’ ability to invest in research and
development and to introduce new products and technologies in a timely
manner; (5) tax and regulatory matters; (6) changes in economic,
competitive, strategic, technological, regulatory or other factors that
affect the operation of Motorola Solutions’ businesses. A detailed
description of other risks and uncertainties affecting Motorola
Solutions, is contained in Item 1A of Motorola Solutions’ 2009 Annual
Report on Form 10-K, in Item 1A of Motorola Mobility’s Form 10, in Item
1A of Motorola Solutions’ Quarterly Reports on Form 10-Q, and in its
other filings with the Securities and Exchange Commission (SEC). These
filings are available for free on the SEC’s website at www.sec.gov
and on Motorola Solutions’ website at www.motorolasolutions.com.
Motorola Solutions undertakes no obligation to publicly update any
forward-looking statement or risk factor, whether as a result of new
information, future events or otherwise.
