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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: Peter Moss who wrote (6237)	8/28/1998 12:35:00 PM
From: Rob C.	Respond to of 18016

SOUTH DEERFIELD, Mass.--(BUSINESS WIRE)--Aug. 28, 1998-- Millitech Corporation today announced that it has signed agreements with Newbridge Networks to develop and supply Broadband Wireless Local Loop (BWLL(TM)) equipment that will integrate into its broadband wireless solution. The agreements enable Newbridge to take advantage of Millitech's unmatched capability for fast-paced radio product development in meeting the varying country-to-country requirements for LMCS/LMDS markets worldwide. Millitech has successfully demonstrated this capability in its deployment of BWLL(TM) equipment in over thirty field trials around the world. The agreements also enable Newbridge to resell Millitech's BWLL(TM) equipment on a worldwide, non-exclusive basis. "Millitech's demonstrated capability for rapid product development and its cost-effective manufacturing operations were determining factors in our decision to enter into these agreements with Millitech," said Bernard Herscovich, Vice President Broadband Wireless Networks, Newbridge Networks. "Our radio-independent architecture allows us to work with best-of-breed suppliers such as Millitech to meet the needs of the expanding market opportunities of the global LMCS/LMDS market." Millitech supplies point-to-multipoint radios that are being deployed at LMCS/LMDS hub and customer premises locations. The radios are compatible with spectrum allocations being assigned by various countries around the world including the United States and Canada. "Millitech is honored to be a part of Newbridge's team for LMCS/LMDS," said Dr. John Youngblood, President and CEO, Millitech Corporation. "Our many years of experience in radio system engineering, millimeter-wave product development, and automated manufacturing are very complementary to Newbridge's network planning and ATM switching capabilities and to Stanford Telecom's modem experience". Newbridge Networks (NYSE:NN.N)(TSE:NNC) designs, manufactures, markets and services networking solutions to organizations in more than 100 countries. Newbridge leverages its relationship with 16 Newbridge Affiliate companies and strategic alliances with Siemens and 3Com Corporation to deliver seamless, end-to-end solutions. Newbridge customers include the world's 250 largest telecommunications service providers and more than 10,000 corporations, government organizations and other institutions. Founded in 1986, the Company employs more than 6,000 people on five continents. News and information are available at www.newbridge.com. Millitech Corporation is a global supplier of Broadband Wireless Local Loop (BWLL(TM)) radio equipment. Millitech's radio equipment solutions support broad services including data, voice and video. The company's product portfolio is comprised of fully integrated radio systems, hubs, transceivers, modules and components. From its facilities in South Deerfield, Massachusetts and Richardson, Texas, Millitech provides both equipment and full systems engineering support in designing, integrating, installing, and operating radio systems in field trials incorporating a variety of broadband services. Millitech is a privately financed company. More information about the company is available at www.millitech.com. Newbridge, logo are registered trademarks of Newbridge Networks Corporation. MainStreetXpress is a trademark used by the Siemens and Newbridge alliance for comprehensive solutions in broadband communication. No agency relationship, partnership, or joint ownership of a legal entity is to be inferred or implied by the use of the term alliance. BWLL is a trademark of Millitech Corporation. --30--gk/bos* CONTACT: Millitech Corporation Debbie Windoloski 413/665-8551, Ext. 204 debski@millitech.com KEYWORD: MASSACHUSETTS INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS TELECOMMUNICATIONS Today's News On The Net - Business Wire's full fileon the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1998, Business Wire