To: DreamWeaver who wrote (1944 ) 4/27/1998 10:56:00 PM From: Night Writer Read Replies (1) | Respond to of 2063
Subj: Unique Systems, A Wholly Owned Subsidiary Of PCS... Date: 98-04-27 15:51:40 EDT Unique Systems, A Wholly Owned Subsidiary Of PCS Wireless, Inc. Awarded Milestone Contracts Resulting In Record Orders Booked In The Month MARKHAM, Ont. April 27 /CNW-PRN/ - PCS Wireless, Inc. VSE Symbol: PCS Unique Systems is pleased to announce that it has just successfully completed a record month with the signing of $3,000,000 in contracts for point to multi-point wireless ''LMDS'' and ''DAB'' systems and components for deployment in North America. This represents a record backlog for the Company's new product initiatives. Unique is pleased to announce its largest contract to date for the delivery of LMDS components in the amount of $2,500,000 to one of Canada's leading global telecom providers. These components are going to be deployed in the United States for one of the participants in the recently completed FCC auctioning of LMDS spectrum. As a recognized leader in the development of wireless broadband products, management believes that this order signals the beginning of LMDS deployment throughout the U.S., and will lead to additional contracts in the near future. Concurrent with this contract, Unique has been awarded contracts by three pioneer operators in DAB, both in Canada and the U.S. Master FM Limited and the CBC have entered into agreements with Unique Systems for the supply of Unique proprietary MPEG-2 audio and data compressions systems, along with 2 complete workstations for remote monitoring and control. Stanford Telecommunications, Inc., one of the largest telecom integrators in the U.S., has placed an order for DAB transmitters of various power levels for testing with one of the two major satellite digital radio operators in the U.S. Currently, as the only North American manufacturer of a complete end to end DAB solution, Unique is well positioned to benefit from this emerging growth market over the next several years. Alex Dolgonos, President and CEO of PCS Wireless and Unique Systems, stated, ''with over 1,600 radio stations in Canada and 12,000 in the U.S., this initial contract not only recognizes Unique as world class provider of DAB systems, but also points out the enormous market potential for these products.'' PCS, through its wholly owned subsidiary Unique Systems, is a recognized world leader in the design, development and manufacture of digital wireless broadband solutions for the telecommunications and broadcast industries. On Behalf of the Board of PCS Wireless, Inc. Alex Dolgonos'' ------------------------------------- Alex Dolgonos President and Chief Executive Officer SOURCE: PCS Wireless, Inc. CO: PCS Wireless, Inc. ST: Ontario IN: SU: CON 04/27/98 15:47 EDT prnewswire.com