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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: jack bittner who wrote (13192)	2/2/2000 11:37:00 PM
From: michael	Respond to of 21876

A little Canadian Tech company who has an alliance with Lucent should be a great investment after this news today. Wednesday February 2, 12:32 pm Eastern Time Company Press Release SOURCE: Unique Broadband Systems, Inc. Leading Canadian High-Tech Company, Unique Broadband Systems, Signs Milestone Wireless Video Contract with Hong Kong Cable MARKHAM, ON, Feb. 2 /CNW-PRN/ - Unique Broadband Systems, Inc. (CDNX: UBS - news) announced today that it has signed a contract with Hong Kong Cable Television Limited (Hong Kong Cable). The contract is open ended with a guaranteed value of $2.5 million (US) and a maximum value of over $4 million (US). Hong Kong Cable, Hong Kong's leading cable network operator and telecommunications service provider, is the only wireless distributor and fiber optic system provider in the territory. The contract includes a complete 18 GHz Point-to-multi-point video distribution system with transmitters, repeaters, transmit antennas, LNBs, and feedhorns. When in full operation, the UBS equipment will permit Hong Kong Cable to operate 14 transmitter/repeater sites and service over 450,000 current wireless cable subscribers as well as provide wireless service to all of Hong Kong, making this system one of the largest in Asia and the only system to operate in the 18 GHz frequency. This UBS wireless platform supports full expansion of the system into a bi-directional Internet-ready system for the future growth of Hong Kong Cable. As the migration from analogue to digital occurs, UBS will have an opportunity to provide its complete end-to-end digital system, which was developed over the past year with the Company's strategic partner, Lucent Digital Video. The initial shipment, which will be used for testing purposes, is scheduled to ship May 2000. Hong Kong Cable will use the test equipment to perform field trials to determine the total output power requirements of the transmitters and repeaters. Once the specification requirements are finalized the value of the contract could reach as much as $4 million (US). The project is scheduled for completion by May 31, 2001. Alex Dolgonos, President and CEO of UBS said, ''Hong Kong Cable is a well-established company in Hong Kong and is regarded both in the Pacific Rim and internationally as a trendsetter for the implementation of leading-edge technologies. This contract will allow UBS and Hong Kong Cable to showcase its technology to all of China as well as other Asian countries.'' We are confident that our results in Hong Kong will be the catalyst that allows UBS to further increase its market share in the growing worldwide wireless point-to-multi-point distribution market.'' ''This is a significant milestone for UBS. Our contract award from Hong Kong Cable is yet another validation of one of the many technologies developed at UBS. Penetration into the Pacific Rim with a major service provider will open many opportunities for our line of wireless video and related products. We would like to state at this time that negotiations are still ongoing on many other contracts and this is just one of the many which we are striving to bring to fruition. This contract award is completely unrelated to the teaming agreement which was signed with Hughes Network Systems in November of 1999'' said Stephen Rosen Vice President and CFO of Unique Broadband Systems, Inc. Simon K.K. Yu, Vice President, Administration & Audit of Hong Kong Cable said ''Hong Kong Cable targets one of the most sophisticated and technologically advanced consumer markets in the world and it is for this reason that UBS, a leader in the industry, was awarded the contract. We are glad to be associated with UBS and we look forward to a long and rewarding relationship with the Company.'' ''Unique Broadband Systems, Inc. is a recognized leader in the design, development and manufacture of broadband wireless and other wireless solutions that serve the service provider, telecommunications and broadcast industries. With headquarters in Markham, Ontario, Unique Broadband Systems markets its products globally, providing 24X7 support. Unique Broadband Systems is a trademark of Unique Broadband Systems, Inc. For additional information, visit the company's Web site at www.uniquesys.com.'' SOURCE: Unique Broadband Systems, Inc. More Quotes and News: Unique Broadband Systems, Inc (Vancouver:UBS.V - news) Related News Categories: telecom