Floware's WALKair System Selected by Two Leading Operators in China; Initial
Purchase Orders for More Than $6 Million
Business Editors
OR YEHUDA, Israel--(BUSINESS WIRE)--Dec. 13, 2000--Floware
Wireless Systems Ltd. (NASDAQ: FLRE), a leading provider of broadband
wireless access (BWA) communication systems, today announced that its
WALKair BWA system has been selected by two leading Chinese
telecommunications operators for commercial deployments in China.
Floware has received initial purchase orders for equipment from
these operators for more than $6 million, and has already begun
shipment of the equipment.
"These wins are very important because they give us a foothold in
one of the largest markets in the world with a great deal of growth
potential," said Amnon Yacoby, CEO of Floware Wireless Systems.
"According to a leading consulting firm in the telecom industry, China
is expected to be the fourth largest BWA equipment market in 2004,
with equipment revenues in China estimated to reach $490 million. He
continued, "We are pleased to be working with two of the largest
operators in China. Both are well established and well financed
companies that are currently deploying commercial networks."
About Floware
Floware Wireless Systems Ltd. is a leading provider of
point-to-multipoint fixed broadband wireless access (BWA) systems.
These systems are used mainly by new carriers (CLECs) which connect
business customers in the "last mile." Floware's WALKair system
enables carriers to provide high-speed Internet access, as well as a
wide range of voice and data services, on the 3.5, 10.5 and 26 GHz
radio frequency bands. Floware currently has more than 50 deployments
worldwide. For more information, visit Floware's website at
www.floware.com.
This press release and statements by Floware in shareholder
reports and public filings, as well as in oral public statements by
Floware's representatives may contain forward looking statements. Such
statements are subjected to certain facts, risks and uncertainties
that may cause actual results, events and performance to differ
materially from those referred to in such statements. The risks are
identified in Floware's registration statement on Form F-1
(Registration Statement No. 333-12290) filed with the Securities and
Exchange Commission.
--30--kk/ny*
CONTACT: Citigate Dewe Rogerson
Jennifer Hurson, 212/419-8303
jennifer.hurson@citigatedr-ny.com
Kevin Mannix, 212/419-4261
kevin.mannix@citigatedr-ny.com
or
Floware Wireless Systems
Tali Idan, +972 3 538 2320
tidan@floware.com
KEYWORD: ISRAEL INTERNATIONAL AFRICA/MIDDLE EAST
INDUSTRY KEYWORD: INTERNET TELECOMMUNICATIONS
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