To: Randall Cunningham who wrote (20 ) 2/8/1999 11:40:00 PM From: Natedog Respond to of 16863
Wi-Lan receives orders from Telia GlobalCast Internetworking Wi-Lan Inc WIN Shares issued 18,225,749 1999-02-01 close $1.5 Tuesday Feb 2 1999 Dr. Hatim Zaghloul reports Wi-Lan Inc. has received two purchase orders totalling $550,000 (U.S.) from Telia GlobalCast Internetworking for wireless local loop products to expand a national high-speed wireless network in Sweden and several other European countries. The purchase orders are part of restructuring the existing agreement to include other Nordic states and anticipated product orders for $3,000,000 (U.S.) in the year 1999, $10,000,000 (U.S.) in the year 2000 and $24,000,000 (U.S.) in the year 2001. This restructuring expands on Wi-Lan's Oct. 13, 1997 contract with GlobalCast Internetworking prior to its takeover by Swedish telecommunications giant, Telia AB (press release in Stockwatch Jan. 21, 1999). The 1997 agreement formalized a two-phase project that enabled GlobalCast to use Wi-Lan's Hopper Plus wireless Ethernet bridge to bring high-speed wireless Internet access to Stockholm, Sweden and outlying areas. Telia GlobalCast Internetworking AB will use Wi-Lan's Hopper Plus wireless Ethernet bridges and W-OFDM products to offer high-speed wireless Internet access and intranet services to small-sized and medium-sized businesses and small office/home office workers. The rollout will begin throughout Sweden in 1999 and similar Local Wireless Access rollouts will follow in Norway, Finland, Denmark and Baltic countries. The first Hopper Plus units will be shipped from Wi-Lan on Feb. 5, 1999. Products using Wi-Lan's patented W-OFDM technology will be shipped as soon as they are available with 30 units being commissioned by July 15, 1999. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)