Adaptive Broadband Signs $51 Million Contract With airBand Communications, a Wireless Local Access Provider
BusinessWire, Wednesday, October 18, 2000 at 08:32
SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 18, 2000--Adaptive Broadband(TM) Corporation (Nasdaq National Market: (ADAP) announced today it has signed a three-year, $51 million contract with airBand Communications, Dallas, Texas, for AB-Access(TM) fixed wireless broadband equipment. airBand launched its wireless broadband access services in June of this year and has been providing up to 10 Mbps service to customers in Dallas, using the AB-Access equipment. The company plans to roll out service in the Dallas-Fort Worth region and develop local wireless high-speed networks in key metropolitan areas nationwide.
Leading Venture Firms of Battery, Crescendo and Sevin Rosen Backing airBand
Battery Ventures led the first round of financing which provided airBand with $45MM in financing, and was joined equally by Crescendo and Sevin Rosen, the two venture capital firms that originally incubated airBand in March of this year. Between the three venture firms, they have backed some of the communications industry's most successful and progressive emerging companies, including Akamai, CIENA, and Digital Island.
AirBand is Focused on Filling the Broadband Access Void
Andrew Lombard, airBand CEO, observed a need for an alternative to ISDN, private line, cable modem and DSL technologies to offer small and medium-sized businesses ultra-fast, reliable, affordable access to the Internet. According to Lombard, "The traditional services fall far short of addressing all customer needs, either because of price, limited availability or speed limitations. With DSL alone, 40 to 60 percent of customers wanting broadband access either can't physically get it, or can't get the service at their desired speeds. We're talking about providing the fastest performance available and having you up within days." airBand's wireless broadband service is available in a selection of service packages, the fastest of which offers 10 Mbps access--at least 10 times the speed of a high-end DSL line.
About AB-Access
The AB-Access fixed wireless broadband platform bridges the last mile, replacing the local loop for corporate and small business subscribers. Combining a leading packet-on-demand technology and time division duplexing, it offers data transmission at rates up to 25 Mbps -- providing the capability for voice, real-time video conferencing, transmission of full streaming video, web surfing, and transmission of data files - all simultaneously and over one connection.
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 platform is a leading commercial choice for fixed broadband wireless communication. AB-Access technology spans the frequency range from 2 to 42 GHz. While the first releases for AB-Access are for applications using the 5 GHz U-NII (Unlicensed National Information Infrastructure), 2.5 GHz MMDS (Multi-channel, Multipoint Distribution Service) and 3.5 GHz (International WLL) products are also available. Additionally, Adaptive Broadband recently announced an LMDS (Local Multipoint Distribution Service) version of AB-Access. Currently being deployed at the ultra-high speed of 25 Mbps, both transmitting and receiving, product capacity is planned to increase in 2001, as requested by customers. Currently positioned as a fixed offering, portable versions of AB-Access are planned to coincide with the expanded roll-outs of wireless broadband services in 2001.
About airBand Communications
airBand, headquartered in Dallas, TX, is a national provider of broadband Internet access that goes beyond other services, such as T-1s, ISDN, cable modems and DSL. Utilizing its advanced wireless network, airBand delivers symmetric access that is at least 10 times faster than DSL and reaches the many areas not serviced by other high-speed access technologies. With airBand broadband service, commercial users and Internet Service Providers can craft Internet access, e-commerce and web hosting solutions that run at the speed of their business. For more information, please contact airBand at 469 791-0000 or visit the Web site at www.airband.com
The foregoing includes forward-looking statements, such as Adaptive Broadband's potential success in product development, 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 data communications 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, 2000.
CONTACT: Adaptive Broadband
Stephanie M. Day, 408/743-3429
Fax: 408/743-3482
sday@adaptivebroadband.com |
