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Technology Stocks : Ericsson overlook? -- Ignore unavailable to you. Want to Upgrade?


To: Mika Kukkanen who wrote (3902)2/2/2000 1:14:00 PM
From: Eric L  Read Replies (1) | Respond to of 5390
 
Omnipoint article below. Omnipoint Technologies, Inc., sister corporation Omnipoint Communications will be deploying Ericsson GPRS systems hardware (delivered in December) in the first US buildout of GPRS.

OMNIPOINT TECHNOLOGIES BRINGS GSM-BASED WIRELESS DATA SOLUTIONS TO EUROPE

COLORADO SPRINGS, Colo., Feb. 1 /PRNewswire/

Omnipoint Technologies, Inc. (Nasdaq: OMPT) announced the introduction of its Global System for Mobile (GSM) communication wireless modules for Europe supporting 900, 1800 and 1900 MHz frequency bands. The new Redhawk II GSM wireless data terminal and Eagle II OEM module will feature full data and voice capabilities, GPRS-ready hardware and a small form factor. Additionally, to support application development and integration, Omnipoint Technologies is expanding its Developer Partner Program to include support for 900 and 1800 MHz.

"No longer is the imagination limited by geography or technology," says Jeff Newman, Director of the Wireless Solutions Division for Omnipoint Technologies. "Now, anyone can develop their wireless applications and take their ideas virtually around the world. GSM provides the only truly global wireless technology and Omnipoint Technologies provides everything necessary to realize their vision; hardware, software and integration expertise."

The Redhawk II is a compact, wireless data modem that connects to literally any device capable of generating or receiving data. It is the right choice for anyone who wants to exploit wireless data without hardware engineering or complicated programming. The Eagle II is a self-contained GSM radio module that includes everything needed to integrate GSM communications into any product or application. Both the Redhawk and the Eagle are fully-type approved (GSM, FCC, CE Mark) and available at 900, 1800 and 1900 MHz.

Omnipoint Technologies' Developer Partner Program provides all the hardware, software and training support to incorporate the power of GSM communications into virtually any application or product portfolio. The program offers a CD-ROM that includes a comprehensive training program that explains GSM, GSM data services and other key concepts. The CD-ROM uses an innovative, step-by-step overview of the development process for both external and embedded applications, and sample software applets in Visual Basic and ANSI C to reduce development time.

Products are expected to be available in the second quarter of 2000.

About Omnipoint Technologies

Omnipoint Technologies, Inc. is a developer and supplier of wireless communication technologies, products and engineering services. As a pioneer in the industry, Omnipoint Technologies is on the forefront of developing and integrating advanced wireless technologies, such as GSM, GPRS packet data, EDGE, positioning and Internet access. Omnipoint Technologies supplies GSM-based wireless data modules for integration into product applications and designs. Additionally, working with leading suppliers of GSM networks, Omnipoint Technologies supplies products, technology and engineering services for mobile positioning which enable location based services. Further information can be found by visiting the company's Website omnipoint-tech.com.

Founded in 1987, the parent company, Omnipoint Corporation, is a leader in commercializing Personal Communication Services (PCS). The company's stock is traded on the NASDAQ National Market under the symbol OMPT. In addition to Omnipoint Technologies, Omnipoint Corporation also includes Omnipoint Communications, the GSM service operator providing advanced wireless communications services in much of New York, New Jersey, Connecticut, Eastern Pennsylvania, Delaware, Massachusetts, New Hampshire, Rhode Island, Southern Florida, Michigan, Ohio, Indiana and Maryland. It intends to provide those services in additional areas. Further information can be found on the Internet at omnipoint.com.

Omnipoint is a founding member of the North American GSM Alliance, a group of North America's leading digital wireless Personal Communication Services companies. Using Global System for Mobile (GSM) communications technology, Alliance companies provide superior voice clarity, unparalleled security and leading-edge wireless voice, data and fax features for customers, whether at home, away or abroad. GSM is the most widely used wireless standard in the world, with more than 250 million subscribers in 142 countries on six continents, including six million customers in North America. It offers unprecedented international and domestic roaming advantages.

Other GSM Alliance members include: Aerial Communications, Inc.; Airadigm Communications, Inc.; BellSouth Mobility DCS; Conestoga Wireless Company; Cook Inlet VoiceStream PCS; DIGIPH PCS; Iowa Wireless Services; Microcell Telecommunications Inc.; NPI Wireless; Pacific Bell Wireless; Powertel, Inc.; STPCS Joint Venture, LLC; VoiceStream Wireless; and Wireless 2000 PCS. The GSM Alliance works in cooperation with North American GSM equipment manufacturers: Siemens, Motorola, Lucent Technologies, Nortel Networks, Nokia and Ericsson.

On June 23, 1999, Omnipoint Corporation and VoiceStream Wireless Corporation agreed to merge. VoiceStream and Aerial Communications, Inc. announced a merger agreement on September 17, 1999. On October 22, 1999, Omnipoint announced that it had signed definitive agreements to acquire East/West Communications, Inc. Completion of these mergers is subject to customary shareholder and regulatory approval. When the mergers are completed, the three companies together will have licenses to provide service to over 220 million people. As of September 30, 1999 Omnipoint, VoiceStream and Aerial served more than 1.7 million customers combined.

Except for historical information contained herein, the matters discussed and the statements made in this release concerning Omnipoint's future prospects are "forward-looking statements" under the Federal securities laws that involve risks and uncertainties. There can be no assurance that future results will be achieved, and actual results could differ materially from the forecast and estimates. Important factors that could cause actual results to differ materially include, but are not limited to, Omnipoint's limited operating history, including a history of losses and the uncertainty of future operating results, high leverage, dependence upon cash flow from its subsidiaries, debt service requirements and restrictive covenants related to its existing debt facilities, significant capital requirements, the continued buildout of Omnipoint PCS markets, and its dependence upon key employees. Omnipoint's future results may be impacted by other risk factors listed in its Registration Statement filed on Form S-3 on June 30, 1998, and other factors listed from time to time in its SEC reports, including, but not limited to, the report on Form 10-K for the year ended December 31, 1998.

SOURCE Omnipoint Technologies, Inc.

Web site: omnipoint-tech.com

Web site: omnipoint.com (OMPT)

- Eric -