To: pat mudge who wrote (6865 ) 10/6/1998 11:05:00 AM From: Glenn McDougall Respond to of 18016
Stanford Telecom Receives Production Order from Newbridge Networks for Broadband Wireless Equipment; Order Follows Recent Newbridge Broadband Wireless Wins SUNNYVALE, CALIF. (Oct. 6) BUSINESS WIRE -Oct. 6, 1998--Stanford Telecommunications, Inc. (STII-Nasdaq/NMS) today announced that its wholly owned subsidiary, Stanford Wireless Broadband, Inc., has received a production order from Newbridge Networks for broadband wireless modems and network interface units. This follows on the heels of two recent contract wins by Newbridge Networks. Stanford's equipment is integrated into the Newbridge Broadband Wireless Access solution recently selected by both WIC Connexus, and Maxlink Communications for nationwide 28 GHz deployments in Canada. The networks, with an estimated value of over $800 M (Can), will enable the operators to offer high-speed Internet, data, telephony, and video services to business and residential customers. Further orders of Stanford's equipment are anticipated as these networks are deployed throughout Canada. "Stanford Telecom has demonstrated its ability to be first to market with products that address the needs of our customers. This has enabled us to rapidly deploy solutions and aggressively pursue new opportunities," said Bernard Herscovich, Vice President, Wireless Networks, Newbridge Networks. "Broadband wireless technology has applications worldwide including the US, South America, Asia Pacific, and Europe." The production order includes Stanford modems which perform modulation and demodulation functions in both base station and customer premise equipment in the Newbridge broadband wireless solution. Also included are network interface units which provide Ethernet connectivity at the customer premise. The addition of the Stanford Telecom equipment has enabled Newbridge to offer TDMA (time division multiple access) technology to its customers. TDMA effectively shares bandwidth among a number of end-users and is optimal for combining variable rate and fixed data rate connections on the same channels. "Stanford Telecom and Newbridge enjoy an excellent development relationship," said George Hendry, President, Stanford Wireless Broadband, Inc. "Integrating our products into the Newbridge end-to-end broadband wireless solution has enabled Stanford Telecom to effectively address an emerging worldwide market." Stanford Telecom designs, manufactures and markets advanced digital communications products and systems to establish or enhance communications via satellites, terrestrial wireless and cable. The Company's technical strengths include: system design, communication waveforms, modulation and demodulation techniques, ASIC design, radio frequency (RF) antennas and converters, software and firmware, asynchronous transfer mode design and advanced manufacturing techniques and processes. Stanford Telecom was founded in 1973, maintains headquarters in Sunnyvale, California and employs over 1,000 people at its various locations around the United States. Stanford Telecom's Website can be found at stelhq.com . Statements included in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. Such statements are or are based upon projections and estimates that involve risks and uncertainties, including timely availability of future funding, market acceptance of products currently under development and other risks detailed in the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. As a result, actual results could differ materially from the forward-looking statements included herein.