Alcatel and Prime Companies, Inc. Successfully Complete Field Trials Of National LMDS Broadband Wireless Network.Business Editors/High-Tech Writers YUBA CITY, Calif. & DALLAS--(BUSINESS WIRE)--July 10, 2000 Alcatel (NYSE NYSE See: New York Stock Exchange : ALA) and Prime Companies (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: PRMC PRMC Peninsula Regional Medical Center (Salisbury, Maryland) PRMC Prime Companies, Inc (stock symbol) PRMC Protocol Review and Monitoring Committee PRMC Pratt Regional Medical Center ) today announced the successful completion of field trials of a Local Multipoint Distribution System (wireless) Local Multipoint Distribution System - (LMDS) A broadband wireless technology. (LMDS (Local Multipoint Distribution Service) A digital wireless transmission system that works in the 28 GHz range in the U.S. and 24-40 GHz overseas. It requires line of sight between transmitter and receiving antenna, which can be from one to four miles apart ) high-speed broadband wireless access network for small- and medium-sized businesses. Working with LMDS Communications, Inc., a subsidiary of Prime Companies, Alcatel began field trials of Prime Companies' LMDS network using the Alcatel LMDS broadband wireless access solution, in March in New Castle, Penn. LMDS Communications has a corridor of LMDS (28GHz) A band licenses in Pennsylvania, and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , and is ranked in the top 10 of LMDS A band license holders in the U.S. "With the successful completion of these field trials, we plan to deploy our LMDS network using Alcatel's solution in additional markets throughout the remainder of the year," said Norbert Lima, chief executive officer of Prime Companies. "Small- and medium-sized businesses in these markets will be able to use this high-speed wireless access network to build traditional and e-commerce businesses." According to Dave Kimzey, vice president and general manager, Wireless Access Products, Alcatel, "Our LMDS offering is a popular solution for delivering high-speed broadband communications to small- to medium-sized businesses worldwide. We will continue to work with service providers, such as Prime Companies, to further roll out our popular LMDS solution across the U.S." About Prime Companies, Inc. Prime Companies, Inc., through its wholly owned subsidiaries, currently provides telecommunications services to both commercial and residential customers throughout the U.S. The services offered include prepaid telecommunications, interconnect, paging, Internet service access and voicemail services. The company is launching LMDS technologies to various markets through its subsidiary, LMDS Communications. Prime Companies is publicly traded on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. by the symbol PRMC. About Alcatel Alcatel builds next generation networks, delivering integrated end-to-end voice and data solutions to established and new carriers, as well as enterprises and consumers worldwide. With 120,000 employees and sales of EURO 23 billion in 1999, Alcatel operates in more than 130 countries. Additional information is available at http:/www.alcatel.com. |
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