Centerpoint Broadband Technologies, Inc. Announces Successful Sale of its Wireless Division.Business/Technology Editors SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--May 29, 2002 Centerpoint Broadband Technologies broadband technology Telecommunications devices, lines, or technologies that allow communication over a wide band of frequencies, and especially over a range of frequencies divided into multiple independent channels for the simultaneous transmission of different signals. , Inc., dedicated to delivering transport systems that maximize performance of optical networks, today announced that it has successfully sold its wireless division to Fresnel Microwave Systems (Fresnel). The new company, which will be headquartered in the United Kingdom, will manufacture and sell point-to-point wireless radios worldwide. Details of the transaction are not being disclosed. "Since the inception of the wireless division, it has been our strategy to create a stand-alone wireless company. The completion of this transaction is the culmination of this vision," said Dana Waldman, president and chief executive officer of Centerpoint. "Centerpoint will now be positioned to focus our efforts wholly on the optical industry, in order to best take advantage of our extensive expertise in this market," said Waldman. Fresnel will sell the Adaptive Integrated Multi-Rate radio (AIM(TM)) product family developed by the Centerpoint wireless division and the existing development and management team of Fresnel, which will remain unchanged. The AIM systems are designed to dramatically expand throughput and flexibility of broadband wireless See wireless broadband. networks, bringing high-capacity broadband services See broadband and broadband service provider. closer to the end-user, reducing operational and installation costs and maximizing carriers' revenues. "We are very excited by this acquisition. Combined with our existing products, the AIM systems enable us to offer a complete family of point to point wireless radios with capacities from 2 Mbit/s all the way up to 310 Mbit/s and potentially beyond, available in a complete range of frequency bands, while having market leading flexibility and upgrade potentiality," said David Sinclair David Sinclair may refer to several people:
Following the acquisition of Centerpoint's Wireless Business Unit, Fresnel will have operational facilities in the UK, United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Italy, Germany and Turkey. About Centerpoint Broadband Technologies, Inc. Centerpoint Broadband Technologies, Inc., is a rapidly growing optical networking Communications between computers, telephones and other electronic devices using light. An optical network is far more reliable and has far greater potential transmission capacity than networking in the electrical domain. See optical fiber. company dedicated to delivering high capacity optical systems that allow service providers to build highly scalable, dynamically flexible, cost effective networks. Centerpoint's Celerity ce·ler·i·ty n. Swiftness of action or motion; speed. See Synonyms at haste. [French célérité, from Old French, from Latin celerit optical systems offer metro and regional service providers an unprecedented level of transport capacity and flexibility over existing and emerging networks. Centerpoint, headquartered in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. , is privately held. For more information, visit Centerpoint at www.centerpoint.com. About Fresnel Fresnel was founded in 1999 in a response to provide a flexible low cost delivery mechanism to the access network. This led to the development of a complete range of all outdoor microwave radio products in the 7.5 GHz to 38GHz range. Fresnel's unique system design transforms the economics of the wireless network infrastructure. Fresnel's System Architecture allows for a very rapid delivery and more efficient exploitation of new and traditional frequency bands hence allowing faster time to market and spectrum cost reduction. For more information visit Fresnel at www.fresnel.com |
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