NEWS RELEASE: WaveRider Communications Inc. (OTC Bulletin Board: WAVC)
WaveRider announces new global product development strategy
-- WiMAX-CertifiedTM* products, advanced non-line-of-sight technologies,
and new products for expanded frequencies to drive North American and
International growth --
TORONTO, April 7, 2004 – WaveRider Communications Inc. (OTC BB: WAVC), a
leader in non-line-of-sight wireless broadband technology and deployments,
today announced a new global product development strategy that is expected
to drive the company’s continued leadership in the wireless broadband
industry.
WaveRider’s plan includes the development of WiMAX Certified TM products,
new products for licensed and license-exempt spectrum bands, and the
evolution of the company’s non-line-of-sight wireless technologies.
WaveRider has also joined the WiMAX Forum (www.wimaxforum.org), which is
comprised of more than 75 companies including Intel and Fujitsu, and is
focused on accelerating IEEE 802.16-based wireless broadband equipment into
the marketplace.
“WaveRider has a strong record of combining industry standards with
innovative engineering to deliver cost-effective wireless broadband products
that meet the specific needs of our customers,” said Bruce Sinclair,
President and Chief Executive Officer, WaveRider Communications Inc. “We
believe our product development initiatives will help WaveRider to increase
its share of the North and South American broadband markets and enable entry
into new International markets.”
WaveRider’s next generation of Last Mile Solution® (LMS) 900 MHz
non-line-of-sight products will maintain the product family’s current
advantages, including cost-effectiveness, reliability and user features, and
will offer additional benefits to operators and users. WaveRider’s LMS is in
its third generation utilizing 802.11 standards with patent-pending
innovations that have improved its cost-effectiveness and performance. The
company plans to evolve its LMS family from 802.11-based products to include
WiMAX-CertifiedTM products.
“WaveRider’s product development strategy will help the company and its
customers to make the transition from the features and performance that
wireless broadband equipment is offering today to the performance standards
that are being promised by the WiMAX initiative in the future,” Andy
Fuertes, Senior Analyst, Visant Strategies.
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2/… WaveRider announces new global product development strategy
WaveRider also plans to capture new opportunities in markets such as Latin
America, the Asia-Pacific region, Europe and Africa, with the introduction
of new products for other licensed and license-exempt spectrum bands that
support the delivery of broadband communications in those markets. In
addition, WaveRider is continuing to develop its patent-pending MIMO smart
antenna technologies to increase non-line-of-sight product performance.
“WaveRider has generated substantial industry recognition and a large, loyal
customer base on the strength of our customer-focused product development
strategies,” said Charles Brown, Executive Vice President, WaveRider
Communications Inc. “By expanding our offerings, we expect we can continue
to grow by delivering the products the global broadband wireless market
needs.”
The world leader in fixed wireless Non-Line-of-Sight Technology
WaveRider’s Last Mile SolutionÒ is the world’s first fixed wireless
broadband product to deliver true non-line-of-sight Internet connections in
the license-exempt spectrum. WaveRider’s LMS is distinguished in the
industry by its user-installed indoor antenna, which enables broadband
connections through buildings, tree canopies and other line-of-sight
barriers.
WaveRider’s LMS systems have been deployed by hundreds of service providers
in the United States, Canada, South America, the Caribbean and other
international markets. WaveRider’s customers have now made wireless
broadband service accessible to hundreds of thousands of potential
subscribers across the country.
*“WiMAX-Certified” is a registered trademark of the WiMAX Forum.
About WaveRider Communications Inc.
WaveRider Communications Inc. (www.waverider.com) is a leading global
provider of fixed wireless Internet access products. WaveRider’s Last Mile
SolutionÒ product family includes its non-line-of-sight 900 MHz wireless
system that connects businesses and residential subscribers to the Internet.
WaveRider’s NCL Series provides high-speed wireless connections between
single or multiple computer networks using the 2.4 GHz band and 900 MHz
bands. WaveRider is traded on the OTC Bulletin Board, under the symbol WAVC.
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WaveRider Corporate Communications:
Carolyn Anderson, 416-502-2978
canderson@waverider.com
WaveRider Investor Relations:
416-502-3265
investors@waverider.com |
