Amplidyne Receives Purchase Order Of $187,000 For Outdoor High Speed Wireless Broadband Products From a New Jersey Internet Service Provider.

Business/Technology Editors

RARITAN, N.J.--(BUSINESS WIRE)--Dec. 28, 2001

Amplidyne, Inc. (NASDAQ: AMPD), a manufacturer of power amplifiers and high speed wireless internet products for fixed wireless solutions, announced today that it has received a purchase order for its outdoor products from a New Jersey Internet Service Provider.

Amplidyne has been working closely with this ISP, who is replacing products previously installed for its customers in parts of Pennsylvania and New Jersey. In recent months Amplidyne has supplied this ISP its outdoor 11mbps microcells and Customer Premise Equipment (CPE) for field trials in New Jersey.

This ISP went through a rigorous screening process, and selected Amplidyne outdoor broadband products to meet its needs. The ISP intends to connect 400 customers during the first quarter of 2002 and expects to expand to 10,000 customers during the remainder of 2002 and year 2003. The complete roll out of this network over the next two years (2002 and 2003) could result in Amplidyne equipment sales of approximately $4 million.

Michael Lawrence, President and COO of Amplidyne Inc. stated, "This New Jersey ISP's approach to gain market share affirms our business plan that allows ISPs a low cost, efficient solution to solve their bandwidth needs. We expect to see growth in this segment during 2002 as a result of additional ISPs choosing our fixed wireless products for their network expansion."

For information on Amplidyne, Inc. visit:

http://www.amplidyneinc.co

http://www.ampwave.com

Certain information contained in the press release is forward-looking. Actual results might differ materially from the forward-looking statements contained in the press release. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes", "belief", "expects", "intends", "anticipates", "could" or "plans" to be uncertain and forward-looking. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are risks involved in the successful deployment of the New Jersey ISP's services and products, the successful expansion and rollout by such ISP in New Jersey and Pennsylvania, the ability of such ISP to deploy, install, sell and market its products and services and to successfully execute their business plan, Amplidyne's ability to increase revenues and reduce operating losses, the successful development and sale of our products, the successful distribution of our products in the marketplace, the successful expansion of business with sales made by ISP's(including the New Jersey ISP), starting new product lines, the ability to enter into strategic relationships and joint-venture partnerships, competition, managing expansion, modifications to specifications requested by customers(including the New Jersey ISP), fluctuations in purchase orders (including the New Jersey ISP's purchase order), or customers' failure to meet their forecasted usage, cancellation of purchase orders(including the New Jersey ISP's purchase order), requirements for new product development and product obsolescence, risks involved in sales outside of the United States (such as recessionary environments, longer collection periods, trade barriers, regulatory requirements, currency fluctuations), and other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.