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Technology Stocks : Glenayre Technologies(GEMS)- a pure cellular PCS play?

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To: StkProfit$ who wrote (3240)1/6/2000 9:42:00 AM
From: caly  Read Replies (1) of 3431
 
Thursday January 6, 8:01 am Eastern Time

Company Press Release

SOURCE: Glenayre Technologies, Inc.

Glenayre Builds First Two-way Paging System in Europe

Three-Million-Dollar Network Will be Used for Two-Way Paging, Wireless Email and Industrial Applications

CHARLOTTE, N.C., Jan. 6 /PRNewswire/ -- Glenayre Technologies Inc. (Nasdaq: GEMS - news) announced the signing of a contract with the Ukrainian National Space Administration to build an all-Glenayre two-way messaging network. The state-of the-art ReFLEX(TM) network, the first two-way wireless messaging system in all of Europe, will go into commercial service in the first half of 2000. According to Bill Edwards, Glenayre's Senior Vice President -- Worldwide Sales, the network will be expanded to nationwide service during the year 2000.

The contract is valued at nearly $3 million (US). The first phase consists of approximately 25 base stations, with an equipment list including the GL3000LR Wireless Messaging Switch, GL3200 Internet Gateway; GL3100 RF Director, GL T8500XR Base Station with Receiver, GL N2000 OMC network management, plus antennas, feeders, spares, service and training contracts. The Glenayre AccessLink(TM) II two-way pager will be the preferred consumer device.

Said Alexander Zaika, Chief Project Manager for NAECUY, a division of the Ukraine's National Space Administration, ''We plan to offer a wide range of commercial services, including two-way paging, wireless email, Internet connectivity, industrial applications and more. There is tremendous commercial potential for two-way wireless data communications in Eastern Europe.''

For over 30 years, Glenayre Technologies Inc. has been developing and providing leading edge personal telecommunication systems, including network solutions and products for paging, digital and cellular networks. Glenayre has products installed in over 100 countries. Additional information about Glenayre is available on the company's Web site at: glenayre.com

AccessLink is a trademark of Glenayre. ReFLEX is a trademark of Motorola Inc.
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