To: Secret_Agent_Man who wrote (636 ) 2/10/2000 12:22:00 PM From: Mark Oliver Respond to of 792
Netro Corp. Reaches 40 Deployments Worldwide of Netro's AirStar Broadband Wireless Access System February 10, 2000 08:34 AM SAN JOSE, Calif.--(BUSINESS WIRE)--Feb. 10, 2000-- Netro continues global momentum as a leading supplier in the broadband wireless access space; AirStar(TM) solution designed to eliminate last-mile bottleneck as customers gear-up for nationwide rollouts Netro Corp. NTRO , a market leader in broadband wireless access systems, today announced that the number of AirStar(TM) deployments worldwide has increased to 40, including some deployments that span multiple cities. Eight of these deployments represent commercial pilot installations. These pilots are with service providers such as: Techtel (Argentina), NTL (UK), Airtel (a BT and Vodafone affiliate in Spain), Comsat (Peru), two customers in the Middle East and two license holders in Germany. "The wireless broadband market is one of the hot spots for Internet infrastructure and important for future economic growth," said Gideon Ben-Efraim, president and chief executive officer of Netro Corp. "Some of our commercial pilot customers expanded their systems in the fourth quarter as the market began to move towards the mass deployment phase." According to a recent market report study by Frost & Sullivan, the worldwide wireless WAN market will grow to $15.19 billion by 2005. About AirStar Netro's AirStar family of products, sold globally direct and via distribution agreements with Lucent and Siemens, transmits voice, IP and Frame Relay services to small and mid-sized enterprise (SME) and supports licensed frequencies at 10, 26 and 39 GHz. Netro's patented CellMAC(TM), or media access control layer, coupled with the product's time division multiple access (TDMA) and asynchronous transfer mode (ATM) foundation, enables service providers to cost effectively meet the needs of the SME market by dynamically delivering voice and data traffic on a packet-by-packet basis. About Netro Corp. Netro Corp. NTRO is a leading provider of intelligent broadband wireless access solutions for Internet and telecom service providers worldwide. Netro's broadband wireless access system, AirStar, derives its price performance benefit from its proprietary packet-based technology that maximizes spectrum usage through dynamic bandwidth allocation. AirStar is one of the first commercially available broadband wireless access systems, carrying IP and voice traffic using a point-to-multipoint architecture. For more information, contact Netro Corp., 3860 North First Street, San Jose, CA 95134-1702 USA 408/216-1500, netro-corp.com . Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements involving risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. Potential risks and uncertainties include, but are not limited to, Netro's historical and future losses, limited operating history, dependence on a single product, fluctuations in quarterly operating results and limited manufacturing experience. Further information regarding these and other risks is included in Netro's prospectus dated Aug. 18, 1999 and in its other filings with the Securities and Exchange Commission. jc/la CONTACT: Netro Corp. Cynthia Hillery, 408/216-1630 cindyh@netro-corp.com or The Leavitt/Bell Group Tiffany Massey, Linda Bell 626-564-9500 x224, x221 tmassey@lbgcomm.com lbell@lbgcomm.com