AirNet Communications Awarded $4.2 Million Order by Choice Wireless To Expand PCS Coverage.Business Editors MELBOURNE, Fla. & MUENSTER, Texas--(BUSINESS WIRE)--July 12, 2000 Choice Wireless, LC, a wireless service provider, has awarded AirNet(R) Communications Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ANCC ANCC American Nurses Credentialing Center ANCC Association Nationale des Cardiaques Congénitaux ANCC Army-Navy Country Club (Arlington, VA) ANCC Area Nine Cable Council (state mandated government body in UK) ) a $4.2 million order to expand its PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. service to customers in rural Texas and Oklahoma. As part of the new order, Choice will purchase additional AirNet broadband, software-defined AdaptaCell(TM) Base Stations and AirSite(R) Backhaul Free Base Stations(TM) for its existing wireless network bringing more GSM (Global System for Mobile Communications (communications) Global System for Mobile Communications - (GSM, originally "Groupe de travail Sp?ciale pour les services Mobiles") One of the major standards for digital cellular communications, in use in over 60 countries and serving over one billion subscribers. ) coverage to Choice Wireless. "AirNet's GSM infrastructure solution more than doubles our cost-savings as we expand our network," stated Mike Clough, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Quantum Communication Group, Inc., managing agent for Choice. "In addition, AirNet gives us a broadband, software-defined solution that is easily upgraded to support future wireless Internet services." This order expands an agreement the companies have previously signed, which brings wireless service via AirNet's GSM infrastructure to four of Choice's Basic Trading Areas In the US, a Basic Trading Area is a geographic region defined by the FCC where a Personal Communications Service can operate.[1] It consists of the counties surrounding a city designated as the basic trading center. (BTAs): Ardmore and Lawton, Oklahoma Lawton is a city in Comanche County, Oklahoma, United States. It is the principal city of the Lawton, Oklahoma Metropolitan Statistical Area. It is the county seat of Comanche CountyGR6. ; and Wichita Falls Wichita Falls, city (1990 pop. 96,259), seat of Wichita co., N Tex., on the Wichita River; inc. 1889. The city's name comes from the Wichitas and from the falls that have since been reduced to an area of rapidly flowing water in the Wichita River. and Sherman-Denison, Texas. To date, Choice and its partners have purchased more than $12 million in GSM infrastructure from AirNet. "Wireless operators, like Choice, have started to plan for the evolution to high-speed wireless data," said Lee Hamilton, president and CEO of AirNet. "The continued deployment of AirNet's broadband, software-defined solution illustrates the benefit of our products for operators planning to migrate to the wireless Internet." "This new order reflects the operators strong demand for cost-effective, GSM products to support their coverage demands," said Glenn Ehley, senior vice president of worldwide sales and marketing at AirNet. "By deploying our AirSite backhaul-free product, Choice eliminates the need for a T-1 backhaul link, thus benefiting from a substantial annual savings." AirNet Communications Corporation's award winning wireless base station products, based on over 60 patents either issued or filed, provide a cost-effective, future proof solution for wireless operators as they deploy and expand their networks. AirNet's patented broadband, software-defined AdaptaCell(TM) Base Station provides a high capacity base station with a software upgrade path to the wireless Internet. The AdaptaCell's patented technology means no more time consuming and expensive hardware upgrades - the wireless Internet is only a software upgrade away. And, with software control, AirNet lets service providers support multiple protocols simultaneously avoiding costly overlays. The AirSite(R) Backhaul Free Base Station(TM)'s award winning architecture eliminates the need for a physical backhaul link, thus reducing operating costs operating costs npl → gastos mpl operacionales . AirNet base station products won the prestigious "GSM World Award" for technical innovation for AdaptaCell's software upgrade to the wireless Internet and for AirSite's revolutionary wireless backhaul capability. AirNet is a wireless base station technology leader. AirNet can be contacted at +1 321.984.1990 or visit us at www.aircom.com. Quantum Communication Group is a wireless consulting and management firm. Quantum can be reached at +1 952.942.7650, or visit them at www.QuantumComm.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The statements contained in this press release that are not historical information are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that relate to future events or our future financial performance, including statements regarding our expectations, beliefs, plans, estimates, intentions or strategies for the future. Forward looking statements include statements regarding the transition and evolution to high-speed data and wireless Internet services, future sales to customers and customer deployment plans. All forward-looking statements included in this release are based upon information available to AirNet Communications Corporation as of the date hereof and we assume no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause our actual results to differ materially from those projected. Potential risks and uncertainties include, but are not limited to, our historical and future losses, our limited operating history, and fluctuations in our quarterly revenues and operating results. These and other risks are discussed in Company filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1999. AirNet(R) and AirSite(R) are registered with the U.S. Patent and Trademark Office. AdaptaCell(TM), Backhaul Free Base Station(TM), and We're Ready for Anything(TM) are trademarks of AirNet Communications Corporation. Other names are registered trademarks or trademarks of their respective companies or organizations. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion