Wednesday December 22, 4:56 pm Eastern Time
Company Press Release
P-Com, Inc. Announces Strategic Alliance With HeliOss for
SONET/SDH Radio Equipment With Capacities to 622 MBS
and Frequency Bands to 38 GHz
CAMPBELL, Calif.--(BUSINESS WIRE)--Dec. 22, 1999--P-Com, Inc. (Nasdaq:PCMS - news) announced today that it has entered into a strategic
agreement with HeliOss Communications, Inc. for SONET/SDH radio equipment.
HeliOss Communications, Inc. is based in Waltham, Mass., with an Israeli technology center based in Yoqneam, Israel. HeliOss is focused on
the delivery of high capacity, high frequency point-to-point radio systems for the worldwide access and SONET/SDH infrastructure markets.
``We are extraordinarily pleased to enter into this agreement with P-Com, the premier provider of point-to-point and point-to-multipoint radio
products, because it extends our market reach. From a strategic view, it gives P-Com's customers the ability to order complete systems that work
together with a common network management system,' said Tom Cheatham, President and CEO of HeliOss Communications, Inc.
``HeliOss has the products and technologies necessary for us to complete our product offering to worldwide customers. We needed a SDH
radio solution to link our point-to-multipoint base stations to fiber rings. The HeliOss Maverick Broadband radios fill that need,' said Jim
Sobczak, P-Com's President and COO.
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 P-Com'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, 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,
reliance upon subcontractors, P-Com's ability to have available an appropriate amount of production capacity in a timely manner, the ability of
P-Com's customers to finance their purchases of P-Com's products and/or services, the timing of new technology and product introductions, the
risk of early obsolescence, and the pending stockholder class action lawsuit. Further, P-Com operates in an industry sector where securities
values are highly volatile and may be influenced by economic and other factors beyond P-Com's control, such as announcements by
competitors and service providers. Reference is made to the discussion of risk factors detailed in P-Com's filings with the Securities and
Exchange Commission, including its reports on Form 10-K and 10-Q. |
