NEWS
uesday June 15, 7:31 am Eastern Time
Company Press Release
WaveRider Expands Operations Into the United States
Acquisition of TTI Wireless Completed
CLEVELAND--(BUSINESS WIRE)--June 15, 1999--WaveRider Communications Inc. (OTC BB:WAVC)(FRANKFURT:WVR), a leading global provider of wireless
Internet products, has completed the acquisition of TTI Wireless of Cleveland.
TTI is a leader in the design and manufacture of wireless radio frequency communications systems, offering wireless data, bridging and LAN connectivity systems in
both licensed and unlicensed frequencies. The company has product design, manufacturing and head office facilities in Cleveland, as well as sales and support operations
in San Diego and Baton Rouge, Louisiana.
WaveRider will further develop TTI's existing sales and support infrastructure to increase its expansion into the United States, in a new subsidiary, WaveRider
Communications (USA) Inc.
''The acquisition of TTI and their excellent staff and customer base will accelerate our North American expansion strategy,'' says WaveRider's president/CEO Bruce
Sinclair. ''We are investing in this existing employee/client foundation to increase our sales and customer support operations in the United States.''
The acquisition of TTI also gives WaveRider an expanded product portfolio. TTI's wireless bridge products have data throughput speeds ranging from 2 to 11 Mbps.
The high-speed products combined with WaveRider's software and Internet networking capabilities gives WaveRider the broadest range of wireless bridging products
and accessories in the industry.
The purchase of TTI will cut development time and cost for WaveRider. TTI's bridging hardware will be integrated with WaveRider's real-time operating system,
network management and routing software, creating a basic architectural platform for future product developments.
The purchase has been completed for a combination of shares and cash, which have no material impact on WaveRider's cash and equity position.
About TTI Wireless
TTI Wireless is a leader in wireless building-to-building voice and data communications. The company designs, manufactures and distributes the most complete line of
high speed communications products available today including accessories for all wireless manufacturers products such as antennas and mountings.
www.ttiwireless.com.
About WaveRider Communications Inc
Founded in 1997, WaveRider is a leading wireless technology company that develops, manufactures and markets products for data communications and Wireless
Internet Networking (WIN). WaveRider's high performance products use frequency hopping, spread spectrum technology coupled with time division multiple access
techniques and operate in the license-free 900MHz and 2.4GHz ISM frequency bands.
Visit our Web Site: www.waverider.com or email us at info@waverider.com
Contact:
WaveRider Communications
Michelle Fowler, 416/502-3204
mfowler@waverider.com
or
For Investor Relations, 888/533-1910
More Quotes and News:
Waverider Communications Inc (OTC BB:WAVC - news)
Related News Categories: computers, telecom
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