Netro Qualifies NEL America for Production of Customer Terminals
August 9, 2000 08:32 AM Eastern Time
SAN JOSE--(BUSINESS WIRE)--Aug. 9, 2000--
World's Sixth Largest Contract Manufacturer Reaches Milestone at Unprecedented Speed, Says Leader in Broadband Wireless Access Solutions
Netro Corporation NTRO , a leader in broadband wireless access solutions, today announced that NatSteel Electronics Group (NEL), the world's sixth largest contract manufacturer, has qualified and was chosen as manufacturing partner to produce two major product families for Netro's indoor subscriber terminal portion of the AirStar(TM) system. The milestone was accomplished in less than eight months, an unprecedented speed for these significant system components.
"A key part of our strategy is to partner with strong contract manufacturers which have the ability to come up to speed rapidly," said Man Wong, vice president of operations for Netro. "NEL has done an excellent job in qualifying to manufacture the subscriber terminals for two of our major family of products and has done so in record time. With such a track record, we look forward to qualifying this outstanding partner to build other parts of our AirStar system in the near future."
The AirStar system provides carriers and integrators with economical, broadband wireless access solutions into the 3.5, 10, 26, 28 (LMDS) and 39 GHz range. Using AirStar's wireless broadband access system, which is based on Netro's patented CellMac(TM) technology, customers are able to provide carrier class level, packet on-demand services that can enable both IP and voice service for the under-served small and medium-sized business market.
"NEL is excited to receive qualification in the manufacture of Netro's indoor subscriber terminal products," said Phil Sperr, general manager of NEL, Americas' Hillsboro, Ore., facility. "Our partnership with Netro is an example of our commitment to become a flexible, value-added supplier in North America."
About NatSteel Electronics
Group NatSteel Electronics Group, known as "NEL," provides global electronics contract manufacturing services for original equipment manufacturers (OEMs) representing the world's technological leaders. Its division, located in Hillsboro, Ore., represents NEL as one of its Telecom contract manufacturing locations. NEL is presently ranked as the sixth largest contract manufacturer in the world on a revenue basis.
About Netro Corporation
Netro Corporation 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 Corporation, 3860 North First Street, San Jose, CA 95134-1702 USA, 408/216-1500, netro-corp.com.
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, potential delays in product development schedules, limited operating history, dependence on a single product, fluctuations in quarterly operating results and limited manufacturing capacity and experience. Further information regarding these and other risks is included in Netro's Annual Report on form 10K, dated March 30, 2000, and in its other filings with the Securities and Exchange Commission.
CONTACT: Netro Corporation Laurie Hallwyler, 408/216-1630 laurieh@netro-corp.com or Leavitt Bell Group Tiffany Massey, 626/564-9500, ext. 224 tmassey@lbgcomm.com |
