WaveRider Communications Inc.: VoIP International Launches Wireless Internet Service In Mexico
August 15, 2000 07:00 AM Eastern Time
TORONTO--(BUSINESS WIRE)--Aug. 15, 2000--WaveRider WAVC
WaveRider's LMS2000 to be Installed and Deployed as Part of $28M Agreement
WaveRider Communications WAVC0 , a leading global provider of wireless Internet access products, announced today that VoIP International S.A. de C.V. has placed its first order for WaveRider's LMS2000 wireless Internet access system to provide high speed communications service to its customers in Mexico.
VoIP's LMS2000 order is the company's latest move towards becoming a Wireless Internet Service Provider. The company has also purchased 50 LMS modems and NCL systems to enable rapid wireless deployment for its Internet customers and fast delivery to its corporate customers and other ISPs.
"We believe WaveRider's high speed wireless Internet access products are the ideal solution for the Mexican market," said Jay Tayebi, principal and co-founder of VoIP International S.A de C.V. "The deployment of the LMS2000 will provide the service that our customers require to compete in the global market and represents a significant step for VoIP in becoming a market-leading Wireless Internet Service Provider."
The LMS2000 and NCL orders fall under WaveRider's distribution agreement with VoIP which was established in March of this year. In July, WaveRider opened an office in Mexico City to manage sales and support activities, support its agreement with VoIP and expand its customer base. The new Mexico office is managed by Patrick Hall, WaveRider's Regional Sales Manager.
"Mexico is an exciting market for WaveRider because of its existing and growing demand for high speed communications. Our agreement with VoIP was an important step for us to establish a foothold in the Caribbean and Latin American markets," said Michael Orloff, Vice President, International, WaveRider Communications, Inc. "With the initial deployment of WaveRider's LMS2000 over the next few months, VoIP International will have the capability to establish a strong wireless Internet presence and provide a cost-effective high speed alternative to traditional wired solutions."
WaveRider's LMS2000
The LMS2000 is part of WaveRider's Last Mile Solution(R) (LMS) family of product. The LMS products are the world's first fully networked, license exempt wireless systems, bringing broadband Internet access to large, medium and small office/home office (SOHO) businesses, utilizing secure and interference-free spread-spectrum radio technology in the license-free 2.4 GHz ISM band. Launched in March of this year, the LMS2000 has already been deployed in initial sites in North America and the Caribbean.
VoIP International S.A. de C.V.
VoIP International was established in Mexico to distribute and deploy WaveRider's Last Mile Solution(R) products for its network of carriers and businesses. The company is also a Wireless Internet Service Provider, offering high speed Internet access using WaveRider products. The principals of VoIP have extensive business relationships with carriers and telecommunications companies in Mexico and Latin America.
About WaveRider Communications Inc.
WaveRider Communications, Inc. (www.waverider.com) is a leading wireless information technology company that develops, manufactures and markets products for data communications and Wireless Internet Networking (WIN). WaveRider's high performance products use frequency hopping and direct sequence spread spectrum technology coupled with time division multiple access techniques and operate in the license-free 900 MHz and 2.4 GHz ISM frequency bands. NCL Series Wireless Bridges and Routers provide the wireless connection between single or multiple computer networks. Integrated network management features ensure data is quickly forwarded to its intended destination based on network conditions. WaveRider's LMS (Last Mile Solution)(R) Product Family connects wireless modems that offer high-speed connections to the Internet for business and residential customers. WaveRider is traded on the NASDAQ National Market, under the symbol WAVC.
This release contains forward-looking statements that involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the development of the Internet as a commercial medium, market acceptance risks, technological development risks, seasonality and other risk factors detailed in the Company's filings with the Securities and Exchange Commission.
CONTACT: WaveRider Communications Inc. Carolyn Anderson, Media, 416/502-2978 E-mail: canderson@waverider.com or WaveRider Communications Inc. Hugo Idler, (Investor Relations), 416/502-3265 E-mail: hugoidler@waverider.com or 888/533-1910, Visit our Web Site: www.waverider.com |
