Great NEWS!
Perhaps this will give CMTO a much needed boost, a formal announcement about WIRELESS!
Com21 Announces Intent to Enter Wireless Broadband Market
Business Wire - July 12, 1999 08:13
NEW ORLEANS--(BUSINESS WIRE)--July 12, 1999--
Company Will Leverage Technology Platform to Deliver High Speed, Integrated Voice and Data Communications to Homes and Businesses
Com21, Inc., (Nasdaq:CMTO), a leading supplier of system solutions for the broadband access market, today announced its intent to enter into the emerging wireless market. The Company will leverage its cable broadband technology to enable wireless operators the ability to provide high speed, integrated voice and data communications to homes and businesses.
The announcement was made at Com21's booth No. 332 at the annual Wireless Communication Association's Exhibit and Conference held here, July 12-14.
Com21 intends to leverage its ComUNITY Access(R) System, as the broadband platform for wireless communications. The Com21 system is a robust end-to-end solution consisting of ComPORT(R) cable modems, the ComCONTROLLER(R) headend and software system. The ComUNITY Access System has radio frequency capabilities with robust downstream demodulation and upstream modulation to provide performance in the harshest environments. Com21 has deployed over 600 ComUNITY Access Systems worldwide as of the quarter end March 31, 1999.
Com21 has successfully completed limited trials over the past six months that included employees and local business people in "Silicon Valley." In this trial, the ComUNITY headend system was placed on top of Mount Allison in San Jose, California, and supported two-way, high-speed data access within a 20 mile radius, covering most of the valley. The Com21 ComPORT(R) cable modem and transceiver/antenna equipment dishes were set-up at people's homes.
Jane Zeletes, vice president of Business Development, Com21 said, "Our integrated voice and data platform is ideal for wireless broadband communications domestically, and especially as a communications vehicle for the international market where wired communications are not an option."
The Company plans to work with suppliers, channel partners, and key alliances in the transmission, wireless and satellite markets to extend and enhance its broadband wireless offering.
About Com21, Inc.
Com21, Inc., is a leading global supplier of system solutions for the broadband access market. The Company's DOCSIS and ATM-based products enable cable operators and service providers with the ability to deliver high-speed, cost-effective Internet and telephony applications to corporate telecommuters, small businesses, home offices and residential users.
Com21 was recently named "The Fourth Fastest Growing Public Company in Silicon Valley for 1998," based on percentage growth from 1996 to 1998, by The San Jose and Silicon Valley Business Journal.
Founded in 1992, Com21 stock is publicly traded on Nasdaq under the symbol CMTO. The ISO 9001 certified company is headquartered in Milpitas, California, USA, and maintains domestic and international sales and support locations in the United States and Canada, Europe, Asia, Latin America.
Safe Harbor Act Clause
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section21E of the Securities Exchange Act of 1934, and is subject to the safe harbors created by those sections. Those forward-looking statements include statements related to: the ability of Com21, Inc. to continue to meet marketing, technology and customer demands as it relates to the emerging wireless broadband market. Also statements relating to Com21's ability to introduce a cable modem solution, and be a viable commercial solution for the domestic and international markets. Actual results may differ materially due to a number of factors, including numerous technological, operational and financial challenges associated with deploying, manufacturing, marketing distributing and servicing wireless broadband products. The matters discussed in this press release also involve risks and uncertainties concerning Com21's products and services described in Com21's filings with the Securities and Exchange Commission (SEC). In particular see the risk factors described in the Company's Form 10K for the fiscal year ended December 31, 1998, and Form 10Q for the fiscal quarter ended March 31, 1999. Com21 assumes no obligation to update the forward-looking information contained in this press release.
Com21, Inc.(R), ComUNITYAccess(R) System, ComPORT(R), ComCONTROLLER(R) are trademarks or registered trademarks of Com21, Inc., Milpitas, California, U.S.A. All other trademarks are the property of their respective owners.
CONTACT: Com21 Public Relations
Mia Bradway, 408.953.9787/1.888.214.5165
mbradway@com21.com
www.com21.com
or
Europe PR Contact
Text100 Public Relations
Fiona Dennis/Antonia Christie, +44(0) 181 242 4112/4123
F: +44(0) 181 735 3122/3123
fionad@text100.co.uk/antoniac@text100.co.uk
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