China's Eastcom Purchases 100 WaveRider NCL1155's
TORONTO, ONTARIO--
-- Hangzhou-based VAR to establish dedicated WaveRider sales and service team --
WaveRider Communications Inc. (NASDAQ: WAVC chart, msgs) a leading global provider of fixed wireless Internet access products, today announced it has expanded its business relationship with Hangzhou Lingtong Communications Enterprise Co., a subsidiary of Eastern Communications Enterprise Co. ("Eastcom") of China. Hangzhou Lingtong, a master Value-Added Reseller (VAR), has established a dedicated WaveRider sales and service team to sell and distribute WaveRider's NCL1155 wireless bridge/router throughout China.
Eastcom has purchased 100 NCL1155 wireless bridge/routers for distribution in China. The NCL1155 is the latest WaveRider product to receive China's Ministry of Information Industry (MII) type approval.
"WaveRider has worked closely with Eastcom over the last year to facilitate the development of relationships with Internet Service Providers, resellers and carriers across China. Eastcom's NCL1155 order reflects the acceptance our wireless systems have achieved in this market," said Michael Orloff, Vice President, International, WaveRider Communications Inc. "Eastcom's dedication to quality service fits WaveRider's strategy to form alliances with the best and most respected telecommunications companies in China."
Eastcom has recently delivered WaveRider's wireless NCL products to two of China's largest telecommunications carriers and has been providing a source of local product supply to WaveRider's Chinese customers.
Eastcom is a researcher, developer and producer of telecommunications equipment, optical transmission equipment and their ancillary products. The company is the largest manufacturer and supplier of cellular mobile telephones and cellular mobile systems equipment in China. Hangzhou Lingtong is Eastcom's distribution arm for its wireless communications products.
WaveRider in China
The advancement of the business relationship with Eastcom is the latest demonstration by WaveRider of its increasing presence in the Chinese market. In February, WaveRider participated in the Canadian Federal Government's Team Canada 2001 trade mission to China to establish and build relationships with Chinese companies and government representatives. The company has also applied for MII type approval for its Last Mile Solution(R) product family in China.
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 duplexing 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.
NASDAQ SYMBOL: WAVC
FRANKFURT SYMBOL: WRV.FSE
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