Itïs offical! News release:
WaveRider Communications Inc. : Telecommunications Approval Paves The
Way For Wireless Internet Rollout in Bermuda
TORONTO, ONTARIO--
- Wireless Network Will Be Model For Region -
In an announcement made yesterday, The Bermuda Government's Ministry of Telecommunications and E-Commerce has approved a new license for North Rock
Communications Ltd. to provide wireless Internet access across Bermuda. The new license paves the way for North Rock to deliver high speed Internet access
directly to homes and businesses using WaveRider Communication's (OTC BB: WAVC, Frankfurt WVR.FSE) technology.
This approval follows a September appearance by Charles Brown, Vice President of Marketing, WaveRider Communications Inc. before the Telecommunications
Commission. Mr. Brown highlighted the value of the North Rock-WaveRider partnership to Bermuda, an island fast emerging as an international business center. As
development plans roll out, WaveRider will work alongside North Rock to showcase their wireless technology and its capabilities for enabling e-commerce.
``Our partnership with WaveRider will allow North Rock Communications to offer premium high speed Internet service to all of Bermuda,' said Tom Coelho,
General Manager of North Rock. ``By eliminating the need for third party involvement we will be able to provide rapid delivery of high quality access, competitive
prices and better customer service.'
North Rock and WaveRider have worked closely together over the last six months to achieve this important breakthrough. This amended license solidifies
WaveRider's position in the Caribbean as the top provider of wireless Internet access products. The contract, valued at over $2.5 million, will be installed over the
next 18 - 24 months.
``WaveRider has emerged as a company well-established in the Caribbean region,' said Bruce Sinclair, President and CEO, WaveRider Communications Inc. ``The
Last Mile Solution(r) (LMS) product family will be the first wireless wide area network deployed in the world, delivering Internet access products from 128kbps to
11Mbps using 'non line-of-sight`` and 'line-of-sight`` applications for the home and business market respectively. The significance of the decision is twofold: A
prestigious government body has recognized that WaveRider's solution fits the bill for an entire country; and, that wireless networks such as those planned by North
Rock and WaveRider for Bermuda will become the model throughout the Caribbean and beyond.'
About North Rock Communications Ltd.
North Rock Communications has been a full service Internet Provider since December of 1997 and has successfully provided innovative solutions to corporate and
residential customers. The company has applied to extend their public Telecommunications License to enable it to connect directly with both residential and
corporate customers. North Rock Communications intends to offer a full suite of voice and data products to be introduced in 2000.
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 frequency hopping and direct sequence spread
spectrum technology coupled with time division multiple access techniques 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 are wireless
modems that offer high-speed connections to the Internet for business and residential customers. WaveRider is a fully-reporting issuer traded on the NASD-OTC
BB, under the symbol WAVC. |
