WAVC -Moving on Good News out today...
WaveRider And Tradewinds Network Services Bring The Last Mile Solution To Rural U.S. Markets
April 03, 2002 07:02:00 AM ET
TORONTO--(BUSINESS WIRE)--April 3, 2002--
Virginia-Based Systems Integrator to Resell, Support and Operate WaveRider's Last Mile Solution(R) Systems
WaveRider Communications Inc. WAVC, a leading global provider of fixed wireless Internet access products, today announced it has signed an agreement with Tradewinds Network Services (TNS), a telecommunications systems integrator based in Virginia, to resell, support and operate WaveRider's Last Mile Solution(R) systems. As part of the agreement, TNS has selected WaveRider's non-line-of-sight Last Mile Solution(R) system for deployment in Roanoke, Va., to deliver high-speed wireless services to its Internet subscribers.
Tradewinds Network Services delivers wired and wireless broadband and integration services for the municipal, industrial, commercial, medical and utility markets. The company will sell and support WaveRider's Last Mile Solution(R) (LMS) products as part of its system deployments for its broadband customers throughout Virginia and other rural markets in the United States and Canada. TNS will also own and operate wireless networks, using WaveRider's LMS systems, in selected markets.
"Broadband service providers in rural markets have distinct requirements for their Internet access equipment," said Patrick McHugh, President of TradeWinds Communications. "WaveRider's products deliver the commercial grade services our customers need, a low-cost license-exempt wireless solution. Its non-line-of-sight systems eliminate the need for professional installation of end-user equipment which supports a more profitable business model for our customers."
"WaveRider's Last Mile Solution(R) is designed to be an extremely cost-effective, high quality solution to deliver wireless broadband services to the markets in which TNS specializes," said Charles Brown, Vice President, Sales and Marketing, WaveRider Communications Inc. "As TNS helps more service providers throughout Virginia and other states bring high-speed Internet services to their areas, we believe our Last Mile Solution(R) products, particularly our non-line-of-sight wireless systems, will be an important component of their broadband networks."
WaveRider's Last Mile Solution(R)
WaveRider's Last Mile Solution(R) (LMS) product family includes a complete line of commercial grade broadband wireless systems that operate in license-exempt ISM bands. Each of WaveRider's LMS products delivers an easy to install and deploy, cost-effective wireless solution for service providers to deliver high-speed Internet access to large, medium and small businesses, the SOHO market, and residential Internet subscribers.
The LMS family includes the LMS4000, which integrates the capabilities of WaveRider's LMS3000, the first commercially available non-line-of-sight high-speed fixed wireless system, which operates in the license-exempt 900 MHz spectrum, and its LMS2000 2.4 GHz ISM band product.
WaveRider also offers the 900 MHz, 2.4 GHz and Dual Band LMS Starter Kits, which include everything service providers need to establish a wireless network to serve an initial base of subscribers and to expand their network over time. Information on WaveRider's LMS Starter Kits is available at tnsconnects.com and at www.waverider.com.
About Tradewinds Network Services
Tradewinds Network Services uses wired and wireless solutions to deliver the last mile solution to its customers along with fiber-optic and microwave technology for its transport backbone. The Company offers solutions that will include: broadband Internet access, data carrier services, virtual private networks, VoIP, specialized video and custom application solutions to rural and secondary markets not having access to advanced broadband telecommunications data services. Additional information can be found online at www.TNSconnects.com
About TradeWinds Communications, LLC
TradeWinds Communications, located in Roanoke, Va., is a turnkey telecommunications company, specializing in site management, and systems integration in both wired and wireless applications, including telecom construction and consulting services in the United States and Canada. Additional information can be found online at www.tradewindscommunications.com
About WaveRider Communications Inc.
WaveRider Communications Inc. (www.waverider.com) is a leading wireless information technology company that develops, manufactures and markets products for data communications and Wireless Internet Networking (WIN). WaveRider's high performance products use direct sequence spread spectrum technology and operate in the license-free 900 MHz and 2.4 GHz ISM frequency bands. NCL Series Wireless Bridges and Routers provide the wireless connection between single or multiple computer networks. Integrated network management features ensure data is quickly forwarded to its intended destination based on network conditions. WaveRider's LMS (Last Mile Solution(R)) Product Family connects wireless modems that offer high-speed connections to the Internet for business and residential customers. WaveRider is traded on the NASDAQ National Market, under the symbol WAVC.
Except for the historical statements made herein, this release contains forward-looking statements that involve risks and uncertainties including the risks associated with the effect of changing economic conditions, trends in the development of the Internet as a commercial medium, market acceptance risks, realizing expected revenue, technological development risks, and seasonality. Risk factors also include the company's ability to secure additional financing; the company's ability to commercialize its products; the company's ability to compete successfully in the future against existing or new competitors; the company's ability to protect its intellectual property and the assurance that the rights granted under patents or copyrights that may be issued will provide sufficient protection to its intellectual property rights; the company's success in enhancing existing products and developing new products to keep up with the technological advances in the data communications industry; the continued availability of the license-exempt spectrum which is based on regulation by U.S. and foreign governments; the company's ability to avoid significant product liability exposure; the company's dependence on a limited number of third party manufacturers; the company's ability to execute its business plan and generate an overall profit and other risk factors detailed in the Company's filings with the Securities and Exchange Commission, including the company's annual report on Form 10-K as amended. Due to these factors, actual results could differ materially from those expressed in forward looking statements by the company.
Contact Information:
WaveRider Communications Inc.
Carolyn Anderson, 416/502-2978
canderson@waverider.com
or
Hugo Idler, 416/502-3265 or 1-888-533-1910
hugoidler@waverider.com
www.waverider.com |
