To: lazarre who wrote (818 ) 1/11/2000 10:12:00 PM From: Rob Preuss Respond to of 1762
[Full Text: $150M Partnering Agreement] Tuesday January 11, 8:07 pm Eastern Time Company Press Release SOURCE: Digital Microwave Corporation Digital Microwave Corporation Signs Partnering Agreement Valued at Over $150 Million SAN JOSE, Calif., Jan. 11 /PRNewswire/ -- Digital Microwave Corporation (Nasdaq: DMIC - news), today announced that the Company has entered into a strategic partnership sales agreement with a major global telecommunications infrastructure provider. The agreement includes the full portfolio of products in Digital Microwave's extensive line of radios and associated network management systems. The products are used globally in developing and expanding fixed and mobile communications networks for broadband wireless access, cellular and other types of telecommunications services. The non-exclusive agreement has an estimated value of over $150 million over a three-year period. The sales value is estimated and is not a guaranteed level, and it could be less than or greater than the estimate. Initial orders under the terms of this agreement were received during the quarter ended December 31, 1999. ``This agreement marks the continuation of our business emphasis on global partnering to enable customers to easily purchase Digital Microwave's broad set of products,' said Charles Kissner, Digital Microwave's Chairman and CEO. ``Through this partnership, we will significantly increase our product exposure, particularly for broadband wireless access solutions.' Digital Microwave Corporation's products include the innovative Altium(TM) broadband radio, which offers 155 Mbps capacity in 28 MHz of spectrum. Shipping now in frequency bands of 6, 7, 8, 11, 13, 15, 18, 23, 26, 28, and 31 GHz, the Altium radio is the most deployable broadband radio on the market. The Altium 38 GHz radios will be available in the first part of this year. Additional products include the SPECTRUM(TM) II, XP4 and DART(TM) DS-1/E1 to DS-3/E3 radios, which are used extensively for interconnection of base stations in mobile networks worldwide; and the DXR(TM) product line, which includes the DXR 700 radio with exceptional dispersive fade margins, errorless diversity switching and spectrally efficient QAM modulation. The ProVision(TM) network management system provides open- standards-based, highly scalable network management of all Digital Microwave's radio products. Headquartered in San Jose, California, Digital Microwave Corporation provides microwave radio solutions to connect, enable and grow communications networks worldwide. The Company's industry-leading broadband, medium-capacity and low-capacity radios transport data, voice, and video for public and private networks in a wide range of global environments. Digital Microwave Corporation brings value to a diverse range of customers through its vast array of quality systems, services and support. SOURCE: Digital Microwave Corporation