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Technology Stocks : FLRE (Floware) NASDAQ -- Ignore unavailable to you. Want to Upgrade?

To: caly who wrote (19)	10/10/2000 11:35:22 AM
From: caly	Read Replies (1) \| Respond to of 26

Tuesday October 10, 11:13 am Eastern Time Press Release Star One Selects Floware For Broadband Wireless Access Network in Germany Floware Now Selected by Three of Germany's Major Broadband Wireless Carriers OR YEHUDA, Israel--(BUSINESS WIRE)--Oct. 10, 2000-- Floware Wireless Systems (NASDAQ: FLRE - news), a leading provider of broadband wireless access (BWA) communication systems, today announced that STAR ONE has selected Floware's WALKair system as part of its network rollout throughout Germany. Nortel Networks (NYSE: NT - news), a global Internet and communications leader, supplies turnkey infrastructure and applications solutions for broadband services to STAR ONE. STAR ONE, one of Germany's leading broadband service providers, was awarded multi-regional licenses in the 3.5 GHz and 26 GHz frequencies, covering approximately 60 million people and the major metropolitan areas of Germany. STAR ONE will use Floware's WALKair at the 3.5GHz spectrum, and plans to target its broadband data and voice services at the small and medium enterprise (SME) community. In announcing the STAR ONE decision, Amnon Yacoby, CEO of Floware, said, ``We are very pleased to be selected by STAR ONE, as this makes us the only wireless equipment provider to be chosen by three of Germany's multi-regional broadband wireless carriers. The selection by STAR ONE, FirstMark and Arctel clearly establish Floware as a key provider of broadband wireless solutions in Germany, Europe's largest telecommunication market. We believe being one of the few broadband wireless equipment providers for the 3.5 GHz frequency gives Floware a tremendous advantage in competing and winning new projects.'' Floware Wireless Systems Ltd. is a provider of broadband point-to-multipoint fixed wireless local access communication systems. These systems are used by telecommunications service providers, mainly competitive local exchange carriers or new operators that serve primarily small and medium-sized businesses. Floware's WALKair system enables these carriers to provide high-speed Internet access, other data services and voice services on the 3.5, 10.5 and 26 GHz radio frequency bands. Floware, headquartered in Israel, had its initial public offering of shares on August 2, 2000 and trades on the NASDAQ National Market under the ticker ``FLRE.'' STAR ONE AG intends to become one of the leading European broadband service providers for high-speed data transmission and for voice, Internet and application services which are offered via the company's broadband WLL-PMP fixed wireless telecommunications network. STAR ONE is setting up its own state-of-the-art high-speed end-to-end infrastructure including the ``last mile''. STAR ONE's strategy allows its customers to migrate smoothly from their current IT infrastructure to the central ASP data center and to considerably reduce their Total Cost of Ownership (TCO). Visit STAR ONE on the Internet under www.starone.de. This press release and statements by Floware in shareholder reports and public filings, as well as in oral public statements by Floware's representatives may contain forward looking statements. Such statements are subjected to certain facts, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to in such statements. The risks are identified in Floware's registration statement on Form F-1 (Registration Statement No. 333-12290) filed with the Securities and Exchange Commission. -------------------------------------------------------------------------------- Contact: Citigate Dewe Rogerson Jennifer Hurson, 212/419-8303 E-mail: jennifer.hurson@citigatedr-mi.com Kevin Mannix, 212/419 4261 E-mail: kevin.mannix@citigatedr-ny.com or Floware Wireless Systems Tali Idan, +972 3 538 2320 E-mail: tidan@floware.com