P-Com, Inc. Announces Orders in Excess of $2.0 Million From Tele.ring Telecom GmbH for the Purchase of Point-to-Multipoint Equipment
CAMPBELL, Calif.--(BUSINESS WIRE)--Aug. 10, 1999--P-Com, Inc. (NASDAQ NM: PCMS - news) announced today that it has received a purchase order at $2 million from Tele.ring Telecom GmbH. Tele.ring is an Austrian Fixed Access Telecommunications company, better known as 1012 privat. (Mannesmann has a 53% ownership of Tele.ring Telecom.) This order is for the purchase of P-Com's 26GHz point-to-multipoint equipment which will be used for their fixed access wireless ring around the city of Vienna and will support the back haul for the new 1012 private cellular network.
''We chose P-Com for the Vienna Project because they have the leading technology for point-to-multipoint systems which allows for the flexible use of ATM, FDMA and TDMA. Further, P-Com can also provide an integrated family of products for point-to-point solutions,'' said Gottfried Sommerauer, Chief Procurement Officer for Tele.ring Telecom.
''Tele.ring is an exciting point-to-multipoint opportunity for us. Although their fixed access network is less than 1 year old, Tele.ring has also won the fourth PCN cellular license, which makes them an aggressive newcomer to the recently deregulated Austrian telephone market. We believe this partnership will create the first point-to-multipoint project for a Wireless Local Loop and a Cellular Network solution in Europe,'' said George Roberts, CEO for P-Com, Inc.
P-Com, Inc. develops, manufactures, and markets network access systems for the worldwide wireless telecommunications market. The point-to-point, spread spectrum, and point-to-multipoint radio links provided by P-Com are designed to satisfy the network requirements of cellular and personal communications services, corporate communications, public utilities and local governments. In addition, P-Com provides comprehensive network services including system planning, program planning and management, path design, and installation.
Statements in this release that are forward looking involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. Such factors may include, but are not limited to, reliance upon subcontractors, fluctuations in customer demand and commitments, both in timing and volume, introduction of new products, commercial acceptance and viability of new products and expenses associated therewith, cancellations of orders without penalties, pricing and competition, the Company's ability to have available an appropriate amount of production capacity in a timely manner, the ability of the Company's customers to finance their purchases of the Company's products and/or services, the timing of new technology and product introductions, the risk of early obsolescence, and the pending stockholder class action lawsuits. Further, the Company operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond the Company's control, such as announcements by competitors and service providers. Reference is made to the discussion of risk factors detailed in the Company's filings with the Securities and Exchange Commission, including its reports on Form 10-K and 10-Q.
P-Com, Inc., with world headquarters in Campbell, California, USA and offices in Florida, New Jersey, Virginia, the UK, Italy, France, Germany, Poland, Mexico, Dubai and China, is an ISO 9001 certified company. For additional information, contact P-Com at:
P-Com, Inc.
3175 S. Winchester Boulevard
Campbell, CA 95008
TEL: (408) 866-3666
FAX: (408) 866-3655
p-com.com
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Contact:
P-Com Inc.
Robert E. Collins, 408/866-3666 (CFO) |
