US Wireless & Allen Telecom Form Joint Venture in Location Equipment And Services
SAN RAMON, Calif., and BEACHWOOD, Ohio, March 1 /PRNewswire/ -- U.S. Wireless Corporation (Nasdaq: USWC - news) and Allen Telecom Inc. (NYSE: ALN - news) today announced an agreement to form a joint venture that will focus on selected business opportunities within the potentially multi-billion dollar market for location-based equipment and services.
The joint venture will offer an integrated line of geolocation equipment and solutions based on U.S. Wireless' Location Fingerprinting RadioCamera(TM) System and Allen Telecom's Geometrix(TM) Wireless Location System. U.S. Wireless will provide direction for overall systems integration, architecture and data maintenance and will develop Internet-based location services. Allen Telecom will be responsible for manufacturing, engineering, planning, installation, testing and product support. Both companies plan to cooperate and pool marketing and technology resources to offer the broadest set of cost-effective geolocation solutions to selected customers.
''This strategic venture has the potential to strengthen the penetration of wireless location services in the marketplace,'' said Oliver Hilsenrath, President & CEO of U.S. Wireless. ''The combined assets of our companies will serve to more effectively target specific business opportunities in the wireless industry.''
''We continue to be very excited about the potential for providing products and services for enhanced 911 and other location-based purposes,'' said Robert G. Paul, President and Chief Executive Officer of Allen Telecom Inc. ''The joining of these complementary technologies provides a highly flexible system and should improve the probability of winning the particular opportunities the joint venture is initially pursuing.''
U.S. Wireless Corporation ( uswcorp.com ) is a developer and provider of high-performance network-based location systems that enable wireless carriers and others to provide value-added services including wireless Enhanced 911, live navigation assistance, enhanced directory assistance, asset and vehicle tracking and network management services. The Company's premier product, the RadioCamera(TM) System, pinpoints the location of a mobile telephone subscriber within a wireless network using ''Location Fingerprinting,'' a proprietary technology developed by U.S. Wireless. The RadioCamera(TM) does not require direct line of sight to multiple base stations to identify locations, making it highly effective in dense urban environments. It integrates easily into the existing network infrastructure and requires no modifications to the base station or subscriber handsets.
Allen Telecom Inc. ( allentele.com ) is a leading supplier of wireless equipment to the global telecommunications infrastructure market. Through Grayson Wireless, the Company supplies state-of-the-art measurement and signal processing systems for testing wireless networks and geolocation equipment. Its Geometrix(TM) Wireless Location System (WLS) product is a scalable, cost-effective Time Difference of Arrival (TDOA) and Angle of Arrival (AOA) solution for location determination that can be tailored for a wide variety of value-added location services, including Enhanced 911. The Company's Worldwide Site Products division supplies sophisticated filters, duplexers, combiners and amplifiers to an array of OEM customers. The MIKOM division focuses on providing repeaters, in-building systems and other products that enhance both the coverage and the capacity of a wireless system. The Antenna Specialists and Decibel Products divisions manufacture mobile and land based antennas in frequency bands that cover all of the traditional wireless networks. The Comsearch division offers engineering and consulting services for wireless operators.
NOTE: RadioCamera(TM) and the U.S. Wireless logo are trademarks of U.S. Wireless Corporation. Geometrix(TM) is a trademark of Allen Telecom Inc.
Special Note Regarding Forward-Looking Statements: A number of statements contained in this press release which are not historical in nature are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements, including, among others, the size and scope of the geolocation services market, the timing of governmental requirements and the success of the respective companies in this market. A description of these and other risks and uncertainties can be found in the companies' filings with the Securities and Exchange Commission.
SOURCE: U.S. Wireless Corporation
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