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Microcap & Penny Stocks : WaveRider WAVC NASDAQ ISP Wide Area Wireless Internet -- Ignore unavailable to you. Want to Upgrade?

To: iamyuneek who wrote (1797)	6/1/2001 11:36:19 AM
From: Chisy	Read Replies (1) \| Respond to of 1848

Subj: WaveRider News Release - WaveRider signs $25M (U.S.) supply agreement Date: 6/1/01 7:15:07 AM Pacific Daylight Time From: mnewell@waverider.com (Marcia Newell) To: hugoidler@waverider.com NEWS RELEASE WaveRider Communications Inc. (NASDAQ: WAVC) Information: Carolyn Anderson, Media Relations Kim Evans WaveRider Communications Inc. GCI Group for WaveRider (416) 502-2978 (415) 974-7237 canderson@waverider.com kevans@gcigroup.com Hugo Idler, Investor Relations Don Blair WaveRider Communications Inc. GCI Group for WaveRider (416) 502.3265 (416) 486-5910 hugoidler@waverider.com dblair@gcigroup.com WaveRider signs $25M (U.S.) supply agreement with leading Middle East technology and property developer -- Emaar Properties PJSC to establish wireless networks in the Middle East using WaveRider's Last Mile SolutionÒ products -- Toronto - June 1, 2001 - WaveRider Communications Inc. (NASDAQ: WAVC), a global provider of fixed wireless Internet access products, today announced it has signed a three-year supply agreement for its Last Mile SolutionÒ wireless products with Emaar Properties PJSC, one of the Middle East's largest technology and property developers. The agreement includes terms for distribution of $25M (U.S.) of WaveRider products to Emaar over the next three years. Under the supply agreement, WaveRider anticipates it will supply its wireless products for potential deployment in more than 30 countries throughout the Middle East, Africa, Indian Subcontinent and CIS countries. "Dubai has established itself as a regional hub for many industry sectors, built a stable economy, and is attracting new business from around the world, making it an ideal center to support business in the region," said H.E. Mr. Mohamed Ali Alabbar, Emaar's Chairman. "Our goal is to establish a reliable communications infrastructure to deliver broadband Internet and communications services to businesses and individuals in areas that have little or no cable infrastructure. WaveRider's wireless Last Mile SolutionÒ products provide the cost-efficient, carrier class solution we need to further our technology business." -more- 2/… "The agreement with Emaar represents a tremendous opportunity for WaveRider to expand its presence in the Europe, Middle East and African region," said Bruce Sinclair, President and Chief Executive Officer, WaveRider Communications Inc. "Over the last year, we have worked closely with Emaar to assist in developing a comprehensive plan, identify its network and equipment needs and to provide the product training required for the successful deployment of Emaar's wireless networks. We are confident that Emaar has the resources needed to successfully deploy WaveRider's products throughout the region." WaveRider's Last Mile SolutionÒ The LMS2000 is WaveRider's wireless Internet access system that delivers Internet access at speeds up to 7.5 Mbps via the license-exempt 2.4 GHz radio spectrum. The LMS2000 is designed specifically to enable communications service providers to serve large commercial customers. WaveRider's LMS3000 series of products, includes the world's first commercially -available fixed wireless networks to deliver broadband Internet access to residential users and small business users via non-line-of-sight connections . The LMS3000 includes a wireless modem and indoor antenna that can be easily installed by the end user, representing a significant cost savings to the service provider. About Emaar Properties PJSC Emaar, the United Arab Emirates' leading property developer, is a public share holding company with 30% stake owned by Dubai government. The company is publicly traded on the Dubai Financial Market. For more information, visit www.emaar.com. About WaveRider Communications Inc. WaveRider Communications, Inc. (www.waverider.com) is a leading wireless information technology company that develops, manufactures and markets products for data communications and Wireless Internet Networking (WIN). WaveRider's high performance products use direct sequence spread spectrum technology coupled with time division duplexing techniques. NCL Series Wireless Bridges and Routers provide the wireless connection between single or multiple computer networks. WaveRider is traded on the NASDAQ National Market, under the symbol WAVC. For more information, visit waverider .com. # # # This release contains forward-looking statements that involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the development of the Internet as a commercial medium, market acceptance risks, technological development risks, seasonality and other risk factors detailed in the Company's filings with the Securities and Exchange Commission.