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Hybrid to Provide Look Communications Inc. with Two-Way Fixed Broadband Wireless Systems
SAN JOSE, CA, Sept. 21 /CNW/ - Hybrid Networks Inc. (Nasdaq: HYBR), the
worldwide leader in MMDS fixed broadband wireless Internet-access systems,
today announced that Look Communications Inc. (CDNX: LKC) has ordered Hybrid's
MCS wireless system for the first phase of its plan to provide two-way fixed
broadband wireless Internet service to its customers throughout Canada.
The order will cover Phase I of Look Communications' effort to expand its
offerings to all its business and residential customers to include two-way
Internet access. The company will rollout Phase I in Toronto, Oshawa, and
Vancouver in the next three months. Look Communications, Canada's largest
independent Internet service provider, currently uses Hybrid's systems in 13
markets across Canada for both one-way and two-way fixed broadband wireless
access.
"Look's deployment of transmitter cell sites covering such key markets is
a significant endorsement of our technology," said Michael D. Greenbaum,
president and CEO of Hybrid Networks. "While a handful of competitors are
testing equipment in trials, our products have proven to be successful in 51
deployments in countries around the world, including Canada."
Hybrid's technology currently enables Look to serve markets of various
population densities at a low cost by providing maintenance, management, and
operations from Look's main network operation centers.
"Look has deployed both one-way and two-way high-speed Hybrid systems to
offer customers a choice of service options," said David Parkes, president and
CEO of Look Communications. "We're pleased with Hybrid's service and leading
technology and are confident that consumers will be thrilled with this high-
speed wireless technology."
About Look Communications Inc.
Look Communications Inc. (CDNX: LKC) is a leading wireless broadband
carrier, delivering a full spectrum of communications services, including
digital television distribution, high-speed Internet access and Web-related
services. Through its advanced MDS technology (Multipoint Distribution
System), Look provides superior digital entertainment services to homes across
Quebec and Ontario. Look's Internet service, formerly known as Internet
Direct, is available throughout Canada and has established itself as one of
Canada's largest independent service providers offering both high-speed and
dial-up Internet access, in addition to other Web-based applications.
Look Communications is a Canadian company whose principal shareholders
are Telesystem Ltd., Teleglobe Inc., Covington Wireless Communications
(Ontario) Ltd. and GTC Transcontinental Group Ltd. The company is listed on
the Canadian Venture Exchange under the symbol LKC.
About Hybrid Networks
Headquartered in San Jose, Calif., Hybrid Networks Inc. designs,
develops, manufactures and markets fixed broadband wireless systems that
enable telecommunications companies, wireless systems operators and network
providers to offer high-speed Internet access to businesses and residences.
Hybrid was first to market with patented two-way wireless products that focus
on the MMDS spectrum and WCS spectrum in the United States and similar
spectrum abroad. The company's customers include Sprint, WorldCom, and Andrew
Corp. Hybrid is part of more fixed broadband wireless deployments than all of
its competitors combined. For more information, call (408) 323-6215 or visit
www.hybrid.com.
Some of the statements in this news release regarding Hybrid Networks,
Inc. are forward-looking statements, and we caution our stockholders and
others that these statements involve certain risks and uncertainties. Factors
that may cause actual results to differ from expected results include, but are
not limited to, the proposed rollouts not proceeding as currently anticipated,
our need to raise additional working capital, the effects of competitive
products and pricing, economic and political conditions that may impact
customers' ability to fund purchases of our products and services, the
company's ability to achieve the costs savings anticipated from cost-reduction
programs, fluctuations in international exchange rates, the timing of cash
payments and receipts, end-use demands for wireless communication services,
and other business factors. For information regarding these risks and other
related risks, see the "Risk Factors" section of Hybrid's most recent Form 10-
K and Form 10-Q on file with the SEC.
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For further information: INVESTOR CONTACTS: Jud Goldsmith, Hybrid
Networks, (408) 323-6223, jud@hybrid.com; Glenn Canary or David Schull,
Thorp & Company, (305) 446-2700, gcanary@thorpco.com,
dschull@thorpco.com; Louis Villeneuve, Look Communications Inc.,
(416) 233-7150, lvilleneuve@team.look.ca; MEDIA CONTACTS: Vivian Rudd
Myrtetus or Yvette Sterbenk, Thorp & Company, (305) 446-2700,
vmyrtetus@thorpco.com, ysterbenk@thorpco.com; Deborah Wilson or Laurel
Keenan, DBA Communications, (416) 591-7783, ext. 103 or 106,
wilson@dbapr.com, keenan@dbapr.com |
