Great news Martin, in fact I think worth printing out for history with a few personal highlights of course. This alone makes me smile from ear to ear;
Award Recognizes Netro's Leadership Position in the Broadband Wireless Access Market
Regards, Mark
Netro Corporation Awarded Market Engineering Entrepreneurial Company Award By Frost & Sullivan
Award Recognizes Netro's Leadership Position in the Broadband Wireless Access Market
SAN JOSE, Calif., Dec. 28 /PRNewswire/ -- Netro Corporation (Nasdaq: NTRO - news), a market leader in broadband wireless access systems, today announced that it was awarded the 1999 ``Market Engineering Entrepreneurial Award' in Frost & Sullivan's new strategic research ``World Wireless Wide Area Network (WAN) Market.'
``We are very pleased to receive this award recognizing our accomplishments. This award underscores our leadership position in the broadband wireless access market with 37 deployments worldwide,' said Gideon Ben-Efraim, president and chief executive officer of Netro Corporation. ``As the demand for bandwidth at the last mile grows both nationally and globally, we are helping carriers meet that demand for advanced IP and voice traffic with our products and world class system integration partners Lucent and Siemens.'
The Frost & Sullivan awards are given each year to small companies that have demonstrated entrepreneurial leadership and drive. The Entrepreneurial Award is presented to companies that have made a positive contribution to the Wireless WAN industry. Frost & Sullivan's report projects that the worldwide wireless WAN market will grow to $15.19 billion by 2005.
``Backed by a talented management team stemming from the most prominent datacom/telecom companies throughout the world, Netro is surely to become a 'rising star' in this competitive marketplace,' said Rufus Connell, information technology industry analyst, Frost & Sullivan. ``We see many global opportunities for vendors to reach the commercial telecommunications markets.'
According to Connell, broadband wireless access networks, especially in the Local Multi-Point Distribution Service (LMDS) bands have a potential for higher bandwidth solutions, as lower frequency bands may reach their capacity limit. ``These technologies promise to bridge the gap between users demanding multi-service applications delivered directly to their premises, and carriers who seek to deliver cost-effective, scalable and reliable network service for their subscribers,' added Connell.
Netro Corporation is a leading provider of intelligent broadband wireless access solutions for Internet and telecom service providers worldwide. Netro's broadband wireless access system, AirStar, derives its price performance benefit from its proprietary packet-based technology that maximizes spectrum usage through dynamic bandwidth allocation. AirStar is one of the first commercially available broadband wireless access systems, and is deployed in over 34 sites worldwide, carrying IP and voice traffic using a point-to-multipoint architecture. For more information, contact Netro Corporation, 3860 North First Street, San Jose, CA 95134-1702 USA 408-216-1500, netro-corp.com
Frost & Sullivan is an international marketing consulting and training company that monitors the information technology industry for market trends, market measurements and strategies. This ongoing research complements a series of research publications, such as No. 5651-65 ``World LMDS Equipment and Services Market' and supports participants with customized consulting needs. Free executive summaries are available to the press.
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995
Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements involving risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. Potential risks and uncertainties include, but are not limited to, Netro's historical and future losses, limited operating history, dependence on a single product, fluctuations in quarterly operating results and limited manufacturing experience. Further information regarding these and other risks is included in Netro's prospectus dated August 18, 1999 and in its other filings with the Securities and Exchange Commission.
SOURCE: Netro Corporation |
