NEWS re: WAVC/India
WaveRider completes first Last Mile SolutionÒ sale in India
-- Capital Technologies Ltd. introduces wireless Internet service with
the LMS2000 --
TORONTO, December 4, 2000 - WaveRider Communications Inc. (NASDAQ: WAVC),
today announced it has completed the first sale of its Last Mile SolutionÒ
and NCL products in India. Capital Technologies Ltd. has purchased WaveRider's
LMS2000 wireless Internet access system and NCL1155 wireless bridge/routers
to establish a demonstration site in Hyderabad, the capital of Andra Pradesh,
India.
The sale marks WaveRider's first entry into India and the launch of Capital
Technologies Ltd.'s fixed wireless Internet access capabilities. Capital
Technologies plans to install and deploy its LMS2000 system in the first
quarter of 2001. Upon regulatory approval of WaveRider's LMS product
family in India, Capital Technologies intends to purchase additional systems
to market and distribute to carriers and major businesses for deployment
throughout the country.
"The agreement with Capital Technologies is a major step towards establishing
WaveRider's presence in India," said Michael Orloff, Vice President, Internatio
nal, WaveRider Communications Inc. "We expect the demonstration site will
attract the attention of carriers throughout the country and provide an
opportunity to showcase the capabilities of the LMS2000 to potential customers.
"
The LMS2000 system deployed as a demonstration site for Capital Technologies
will include a network access point (NAP), a communications access point
(CAP) and 25 end-user modems (EUMs). The company also purchased eight
NCL1155 wireless bridge/routers to establish wireless communications networks
for business customers in Hyderabad.
A privately-held value-added reseller (VAR) of telecommunications products,
Capital Technologies Ltd. has established an early presence in the fast
growing Indian Internet market. According to a National Association of Softward and Service Companies study, the number of Internet
users in India is expected to grow from the current 5.5 million to 50
million by the end of 2003.
WaveRider's Last Mile Solution® (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
and residences, utilizing secure and interference-free spread-spectrum
radio technology in the license-free 2.4 GHz and 900 MHz ISM bands.
Hugo Idler
Director Investor Relations
hugoidler@waverider.com |
