Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement of Powerwave Technologies Inc. Securities Litigation

The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding the Powerwave Technologies Inc. Securities Litigation:

SUMMARY NOTICE OF PENDENCY OF CLASS ACTION AND PROPOSED SETTLEMENT

IF YOU PURCHASED OR ACQUIRED POWERWAVE TECHNOLOGIES INC. (“POWERWAVE”) COMMON STOCK FROM OCTOBER 28, 2010, THROUGH AND INCLUDING OCTOBER 18, 2011, AND WERE DAMAGED THEREBY (THE “CLASS”), YOU COULD RECEIVE A PAYMENT FROM A CLASS ACTION SETTLEMENT. CERTAIN PERSONS ARE EXCLUDED FROM THE DEFINITION OF THE CLASS AS SET FORTH IN THE STIPULATION OF SETTLEMENT.

PLEASE READ THIS NOTICE CAREFULLY. YOUR RIGHTS MAY BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT.

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and Order of the United States District Court for the Central District of California, Southern Division, that the above-captioned litigation (the “Litigation”) has been preliminarily certified as a class action for the purposes of settlement only and that a settlement has been proposed for $8,200,000 in cash. A hearing will be held on July 11, 2016, at 1:30 p.m., before the Honorable Cormac J. Carney at the Ronald Reagan Federal Building and U.S. Courthouse, 411 West Fourth Street, Courtroom 9B, Santa Ana, CA 92701, for the purpose of determining whether: (1) the proposed settlement should be approved by the Court as fair, reasonable and adequate; (2) the proposed Plan of Allocation for distribution of the settlement proceeds is fair, reasonable and adequate and therefore should be approved; and (3) the application of Lead Plaintiff’s counsel for the payment of attorneys’ fees and expenses, including Lead Plaintiff’s expenses incurred in connection with the Litigation, should be approved.

If you are a Member of the Class described above, your rights may be affected by the settlement of the Litigation, and you may be entitled to share in the Settlement Fund. If you have not received a detailed Notice of Pendency and Proposed Settlement of Class Action (“Notice”) and a copy of the Proof of Claim and Release, you may obtain a copy of these documents by contacting the Claims Administrator: Powerwave Securities Litigation, c/o Gilardi & Co. LLC, P.O. Box 40007, College Station, TX 77842-4007, 1-844-230-1123. You may also obtain copies of the Stipulation of Settlement, Notice and Proof of Claim and Release at www.powerwavesecuritieslitigation.com.

If you are a Class Member, to be eligible to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release by mail or online no later than May 2, 2016. If you are a Class Member and do not submit a valid Proof of Claim and Release, you will not be eligible to share in the distribution of the Net Settlement Fund, but you will still be bound by any judgment entered by the Court in this Litigation (including the releases provided for therein).

To exclude yourself from the Class, you must submit a written request for exclusion postmarked by May 2, 2016 in accordance with the instructions set forth in the Notice. If you are a Class Member and do not exclude yourself from the Class, you will be bound by any judgment entered by the Court in this Litigation (including the releases provided for therein) whether or not you submit a Proof of Claim and Release. If you submit a written request for exclusion, you will have no right to recover money pursuant to the settlement.

Any objection to the proposed settlement must be filed with the Court and delivered such that it is received by each of the following no later than May 2, 2016:

PLEASE DO NOT CONTACT THE COURT OR THE
CLERK’S OFFICE REGARDING THIS NOTICE.

If you have any questions about the settlement, you may contact Lead Counsel at the address listed above or by calling 1-800-449-4900.

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