Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Winstar Comm. (WCII) -- Ignore unavailable to you. Want to Upgrade?

To: Steven Bowen who wrote (10373)	2/19/1999 12:50:00 PM
From: Pamela Murray	Respond to of 12468

Friday February 19, 10:53 am Eastern Time Company Press Release SPEEDCOM Wireless International Signs Letter of Intent With Chinese Wireless Provider SARASOTA, Fla.--(BUSINESS WIRE)--Feb. 19, 1999--Wave Wireless Networking, division of SPEEDCOM International, announced that it has signed a letter of intent to do business in China with a major provider of wireless networks. The multi-year joint venture agreement will total over 20 million dollars. Newly funded projects include providing wireless Internet service for a city in northern China and a private network for the one of the largest banks in the country. Wave Wireless Networking products provide ISPs with strategic solutions for gaining rapid growth and market share in their respective markets. Wave's telecommunications equipment provides ''last mile'' connectivity between the Internet Service Provider or the Local Exchange Company (LEC) and their business customers. Michael McKinney, CEO of SPEEDCOM International said, ''This first joint venture agreement in China affirms our commitment to serve the Chinese market. We are very excited to reach this agreement and we expect that this opportunity represents the tip of the iceberg in China and throughout Asia.'' Wave Wireless' non-exclusive, joint venture partner will assist in marketing and distributing Wave products throughout China. The relationship will enable Wave to address larger segments of the telecommunications market in China. With Internet growth rates in China leading the world, the telecommunication needs here are extensive. Existing infrastructure available in China and many parts of the world is not able to provide the bandwidth to facilitate these high growth rates. Wave's wireless products are quickly installed and provided faster speeds than many international telephone companies can provide. Wave's SPEEDLAN products perform at speeds up to 10 Mbps and can be used to build wireless metropolitan area networks for Internet communications. SPEEDLAN may be combined with other Wave products for wireless ''last mile'' connectivity, high performance backbones and any multi-location application. About Wave Wireless Networking Wave Wireless Networking is a five-year-old multi-national company that manufactures and markets high performance wireless internetworking products, specializing in multi-point connectivity for Internet Service Providers. These products allow ISPs to offer high-speed, wireless Internet access. Please visit www.speedlan.com for more information wireless products from Wave Wireless Networking. SPEEDCOM International is an ISO 9001 Registered company. --------------------------------------------------------------------------------