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Microcap & Penny Stocks : WaveRider WAVC NASDAQ ISP Wide Area Wireless Internet -- Ignore unavailable to you. Want to Upgrade?

To: hunchback who wrote (938)	5/18/1999 10:09:00 AM
From: Millshare	Read Replies (1) \| Respond to of 1848

NEWS WAVC Tuesday May 18, 9:38 am Eastern Time Company Press Release WaveRider and Voice Mobility Inc. Announce Voice Over Internet Joint Development Agreement TORONTO, ONTARIO-- Strategic partnership is the first step in dramatically expanding WaveRider's wireless infrastructure offerings WaveRider Communications Inc. (OTC BB: WAVC, Frankfurt WVR.FSE), a leading global provider of wireless Internet products, has signed a Memorandum of Agreement with Voice Mobility Inc., a unified messaging company, to launch a joint wireless Voice Over Internet Protocol (VoIP) development initiative. Under the terms of the agreement, the two companies will create a product that will enable real-time wireless voice, fax, video and data communications using the Internet. The product is scheduled for commercial release by the end of next year. VoIP manages the delivery of voice communications using the Internet, allowing users to place long distance calls without incurring traditional telephone toll charges. Industry sources estimate the VoIP market will reach $200 billion by year 2005 and that up to 25 per cent of voice traffic will be on the Internet, making it one of the most attractive and fastest growing market segments in telephony. ''This alliance significantly broadens our wireless Internet and LAN to LAN technology capabilities and will allow us to offer the first wireless VoIP-based wide area network combining both Internet access and voice communications.'' said Charles Brown, WaveRider's VP Marketing. ''We see tremendous market opportunity for this product and plan to become a very active player in this segment,'' he added. Today, although technologies exist for VoIP, congestion often hinders real-time communications. To address this problem, the joint development team will refine a wireless spread spectrum Internet protocol which reduces dependence on traditional hardwired telecommunications lines and relies on bandwidth for transmission of voice, data, video or fax. By utilizing wireless bandwidth frequency, the developers can provide the speed and quality control required for real-time VoIP. ''By combining WaveRider's routing hardware and software with Voice Mobility's unified messaging and voice capabilities, we can offer attractive data and voice communications solutions customers in countries that lack traditional wired telecommunications infrastructure,'' commented Jay Hutton, president of Voice Mobility, in announcing the agreement. ''We believe that the ability to offer unified messaging services via the Internet will confer a distinct competitive advantage on our group,'' he added. Under the terms of the agreement, WaveRider and Voice Mobility will jointly define key customer partners and conduct market trials. WaveRider's ongoing VoIP initiative includes evaluating current and emerging market opportunities through its membership in the VoIP Forum. WaveRider is currently developing routing hardware and software which complies with IEEE802.3 Ethernet standards as well as Internet Protocol Version 4.0 specifications to promote the acceptance and proliferation of all Internet applications. About Voice Mobility Inc. Voice mobility is an innovative provider of enhanced service solutions for the carrier industry. Voice Mobility's unified communications product enables service providers to deliver a wide range of IP messaging services to their end users from basic voice mail and fax mail services to more advanced unified messaging services. Contact: Pamela Schurman, Director of Marketing, Voice Mobility Inc. Suite 701, 543 Granville Street, Vancouver, B.C. 604.482.0000 www.voicemobility.com About WaveRider Communications Inc. Founded in 1997, WaveRider is a leading wireless technology company that develops, manufactures and markets products for data communications and Wireless Internet Networking (WIN). WaveRider's high performance products use frequency hopping, spread spectrum technology coupled with time division multiple access techniques and operate in the license-free 900MHz and 2.4GHz ISM frequency bands. For Investor Relations call: 888.533.1910 Contact: WaveRider Corporate Communications Media contacts: Michelle Fowler (416) 502-3204 (mfowler@waverider.com) More Quotes and News: WAVERIDER COMM (OTC BB:WAVC - news) Related News Categories: networking, telecom Help Copyright © 1999 Canadian Corporate News. All rights reserved. All news releases provided by Canadian Corporate News are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving ina public database, redistributing via a computer network or in a printed form. See our Important Disclaimers and Legal Information. Questions or Comments?