WaveRider Granted FCC Approval For Its Wireless Non-Line-Of-Sight Modem
Industry Approvals Enable Ongoing Development Of WaveRider's Leading Product Families
TORONTO--(BUSINESS WIRE)--March 7, 2001-- WaveRider Communications Inc. (Nasdaq:WAVC - news) today announced it has received approval from the Federal Communications Commission (FCC) and Industry Canada for its LMS3000 wireless modem.
The LMS3000, the latest addition to WaveRider's Last Mile Solution( product family, is the first wireless network to deliver Internet access at speeds up to 1 megabit per second to small business and residential users via non-line-of-sight technology.
``The FCC's approval of the LMS3000 end-user modem is a significant milestone in the development of this product,'' said Charles Brown, Vice President, Sales and Marketing, WaveRider Communications Inc. ``We expect that, as the first fixed wireless end user modem designed specifically for use by residential and small business customers, the LMS3000 will be in great demand.''
The LMS3000 is currently installed and deployed in communities in southern Alberta for Platinum Communications Inc. With the FCC approval, WaveRider is poised to aggressively market the LMS3000 throughout North America and international markets. The LMS3000 will be officially launched at the IWCE show in Las Vegas from March 28 to 30, 2001.
WaveRider also announced today it has received Industry Canada approval for its newest 2.4 GHz radio, which will be incorporated into its NCL and LMS systems.
WaveRider LMS3000
WaveRider's LMS3000 enables Wireless Internet Service Providers to provide their customers with fully-wireless high-speed Internet access and eliminates the need for wired services. Operating in the 902 MHz license-exempt frequency band, WaveRider's LMS3000 is a wireless network that enables non-line-of sight communication between Internet subscribers' offices or homes and the Communications Access Point (CAP) in the wireless Internet service system.
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 spread-spectrum radio technology in the license-free 2.4 GHz and 902 MHz ISM bands. The LMS family offers advanced network management features which enable users to quickly and easily perform all network management functions including bandwidth shaping, setting up new subscribers, monitoring the operation of equipment and initiating network changes to avoid service disruptions. The network management system also enables service providers to guarantee varying levels of services for customers.
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 902 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®) 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.
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