Netro Qualifies MTI as Turnkey Supplier of Outdoor Subscriber and Hub Units Critical Milestone Will Enable MTI to Ship Directly to Netro Customers, Increasing Broadband Wireless Leader's Ability to Fulfill Customer Demand
SAN JOSE, Calif.--(BUSINESS WIRE)--April 19, 2000-- Netro, the leader in broadband wireless access, has qualified Microelectronics Technology Inc. of Taiwan (MTI) as a turnkey supplier of Netro's outdoor subscriber and hub units at the 10 GHz frequency band.
MTI has accomplished this milestone with unprecedented speed after successfully completing a rigorous training and technology transfer process. The MTI Milestone certification by Netro increases MTI's manufacturing capacity to enable Netro to better meet the higher-level demand created by customer networks moving into large-scale deployments.
"MTI is a world-class manufacturing company and our strategic partnership with them is a key milestone in scaling the company to meet the demand in the broadband wireless access market," said Man Wong, vice president of operations for Netro Corp. "With MTI reaching this important milestone, Netro is better positioned to be able to support our customers' cost, quality expectations and deployment plans."
Under the terms of the agreement between MTI and Netro, Netro is the exclusive customer of MTI for point-to-multipoint radio terrestrial systems. With the qualification of MTI as a turnkey supplier, MTI and Netro have achieved a critical goal, enabling MTI to subsequently drop-ship the Netro products to Netro customers, with no need for testing or calibration of the product at Netro's facility.
This qualification is an important step in executing Netro's strategy to ensure it can meet the needs of the company's customers in large-scale deployments by actively working with its contract manufacturing partners in scaling their manufacturing processes to meet the market's needs, as well as maintain high quality standards at a significantly higher volume.
"I am delighted that MTI has achieved this milestone with Netro," said Patrick Wang, chairman of the board of MTI. "I am very proud of our team that has put in long, hard hours to get to this point. We have been able to meet this milestone as a result of Netro providing the essential support and assistance we needed. We believe that the future with Netro as a partner will give both of us much success."
MTI, a Taiwan-based company, is well known for its ability to cost-effectively produce radios in a large quantity. MTI currently produces over 5,000 radio units per month and approximately 500,000 LNBs per month.
About Netro Corp.
Netro Corp. (Nasdaq: NTRO) 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, carrying IP and voice traffic using a point-to-multipoint architecture. For more information, contact Netro Corp., 3860 N. First St., San Jose, Calif. 95134-1702 USA; 408/216-1500; netro-corp.com.
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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 March 17, 2000, and in its other filings with the Securities and Exchange Commission. |
