ADAP extra strong on news. . . . CYBERTECH WIRELESS, INC. AWARDS ADAPTIVE
BROADBAND A $56 MILLION, FIVE-YEAR CONTRACT
FOR AB-ACCESS FIXED WIRELESS BROADBAND
EQUIPMENT BUSINESS EDITORS/HIGH-TECH WRITERS
SUNNYVALE, Calif.--(BUSINESS WIRE)--April 7, 2000--
Initial Purchase Order for First Year Is $8.7 Million
Adaptive Broadband(TM) Corp. (Nasdaq:ADAP.O) announced today that it
had been awarded a $56 million, five-year contract to provide its
AB-Access(TM) fixed wireless broadband equipment to New York-based
Cybertech Wireless, Inc. (CWI), a privately held, full-service,
business-to-business Internet Service Provider serving customers
throughout Upstate New York.
Adaptive Broadband has received an initial purchase order for $8.7
million to cover the first-year commitment.
Founded in 1994 as a computer bulletin board service (BBS),
Cybertech Systems provided communications between customers and the
Internet. In 1999, the company founded Cybertech Wireless, Inc.,
constructing a high-speed wireless network that provides
communications services to Rochester, N.Y. Working with technology
partners such as Cabletron Systems, Verio and Ronco Communications and
Electronics, Inc., CWI provides network communications services from
128 Kpbs up to 100 Mbps, and are expanding their services to 30 other
cities in the United States.
Cybertech: Existing Customer Base; Tower Leases/Roof Rights Allows
Quick Deployment
Cybertech is adding fixed wireless broadband to its current
product mix and has established master leasing arrangements for
deployment of the AB-Access base station and subscriber units on
thousands of towers and rooftops. Cybertech has already deployed
AB-Access on the 200-foot Time Warner tower in Henrietta, N.Y., and
has a relationship with Empire Site Co., Inc., which has rooftop
communication sites consisting of municipal housing authorities,
Federal VA hospitals and private sector buildings throughout the
Northeast. Cybertech also has an exclusive contract to provide
wireless broadband, last-mile service to Internet Service Provider
Ronco, a high-speed backbone supplier. Additionally, Cybertech is
providing wireless broadband service in the Bell Atlantic North and
South Territories to Competitive Local Exchange Carrier (CLEC) PaeTec.
As a result of its relationship with PaeTec, Cybertech will be in a
position to leverage PaeTec's sizable sales force, as well as
thousands of its business customers in the 25 markets it serves around
the United States.
AB-Access Enables Fast Time-to-Market for Emerging Carriers
"Being first to market with innovative, effective bandwidth
solutions is key to winning and keeping a satisfied customer base.
Cybertech is focused on providing the highest levels of service
excellence to our customers, and we're counting on the wireless
AB-Access proven solution to help us succeed. We particularly enjoy
the competitive edge AB-Access affords us by allowing us to control
the bandwidth by bypassing the local telco carrier, with its attendant
access charges," commented William Palma, president of Cybertech
Wireless. There are more than 8,000 ISPs, CLECs and Data Local
Exchange Carriers (DLECs) in the United States; all potential
AB-Access customers.
"We are pleased to add Cybertech to our roster of customers who
are moving aggressively to provide their customers with cheaper,
better and faster services. Emerging carriers are truly an
entrepreneurial breed and Cybertech, with its innovative business plan
and strong telecommunications background, should do well," said
Salvatore S. Benti, Adaptive Broadband's executive vice president.
About AB-Access
AB-Access bridges the last mile, replacing the local loop for
business and residential subscribers. It offers data transmission at
rates up to 25 Mbps, which provides the capability for real-time video
conferencing, transmission of full streaming video, web surfing, and
transmission of data files -- all simultaneously and over one
connection. Product bandwidth is planned to expand to 100 Mbps in
2000. Adaptive Broadband also plans to offer a portable version of
AB-Access in 2000.
AB-Access technology spans the frequency range from 2 to 42 GHz.
The first releases for AB-Access are for applications using the 5 GHz
U-NII (Unlicensed National Information Infrastructure) and 2.5 GHz
MMDS (Multi-channel, Multi-point Distribution Service) frequency
bands. Adaptive Broadband plans to introduce an AB-Access product for
the 3.5 GHz market in Europe during 2000.
Point-to multipoint wireless networks being deployed with
AB-Access include transmission hubs that contain six
transmitter/receivers, each having 60-degree access points for
complete 360-degree coverage. These access points are each serviced by
an ATM-configured transceiver with a 25 Mbps channel, which can be
shared by users because bandwidth is dynamically assigned. This
scheduling is made possible by the product's proprietary MAC (media
access control) software, as well as by ATM's small fixed cell length.
The technology allows bandwidth to be supplied with cell-by-cell
precision, essentially providing packet-on-demand capability. The
ultimate result is that bandwidth of up to 25 Mbps is readily
available to all users on the network.
About Cybertech Wireless, Inc.
Cybertech is a full-service Internet Service Provider, offering a
complete range of tailored connectivity and communications solutions
for businesses. In March 2000, Cybertech
(http://www.cybertechwireless.com) announced the successful completion
of a private placement, raising $2.5 million in common equity in 48
hours. The capital will be used to fund CWI's expansion in several
markets including Buffalo, Syracuse and Albany, N.Y. In addition,
PaeTec Communications, Inc. (www.paetec.com), a Fairport, N.Y.-based
Integrated Communications Provider (ICP), holds a 12% interest in the
company, and its chairman and CEO, Arunas Chesonis, currently sits on
CWI's board of directors. PaeTec Communications is the principal
subsidiary of holding company, PaeTec Corp. PaeTec Communications
offers local, domestic and international long distance services,
high-speed Internet access, eCommerce and other data services to
medium and large sized businesses, colleges and universities,
hospitals, governmental organizations and affinity groups throughout
the United States. It currently serves customers in 25 markets and has
over 600 employees nationwide.
About Adaptive Broadband
Adaptive Broadband (www.adaptivebroadband.com) is a data
networking solutions company that is developing leading-edge
technology for the deployment of broadband wireless communication over
the Internet. Its AB-Access product is a leading commercial choice for
fixed broadband wireless communication.
The foregoing includes forward-looking statements, such as the
anticipated growth of fixed wireless broadband markets, that involve
risks and uncertainties. Actual events or results may differ
materially from those suggested by the forward-looking statement.
Factors that could cause actual events or results to differ materially
include, but are not limited to, fluctuations in quarterly results,
delays in receipt of orders or in the shipment of products, delays in
the development of telecommunications and Internet markets and delays
in product enhancements. For a more detailed discussion of these and
other factors, see "Risk Factors" contained in Adaptive Broadband's
Annual Report on Form 10-K for the fiscal year ended June 30, 1999. |
