Digital Microwave Corp. Receives $11 Million Order from Panafon.SAN JOSE San Jose, city, United StatesSan Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Dec. 20, 1996--Digital Microwave Corp. (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 :DMIC DMIC Door Mounted Inflatable Curtain DMIC Discrete Memoryless Interference Channel ) today announced that it has signed a supply agreement valued at US$11 million with Panafon Hellenic Telecommunications Company See telecom company. SA in Athens, Greece for the supply of digital microwave radios and services. The agreement covers a three year period, with anticipated purchase orders valued at US$3.5 million in the first year. Panafon SA is a joint venture formed by Vodafone (U.K.), France Telecom Mobile International (France), Intracom (Greece) and Databank (Greece). Panafon's GSM (Global System for Mobile Communications) A digital cellular phone technology based on TDMA that is the predominant system in Europe, but also used worldwide. Developed in the 1980s, GSM was first deployed in seven European countries in 1992. network was inaugurated in 1993, and their system has expanded to cover over 95% of the Greek population. Digital Microwave's radios will be used to expand Panafon's GSM network throughout the country. Shipment of the radios will begin next month. Chuck Kissner, Digital Microwave chairman, president and chief executive officer, said, "Our relationship with Panafon spans three years, and we have worked with them in all aspects of developing their network, from path surveys to installation and commissioning. We are delighted to receive this order from Panafon, and we look forward to continuing our strong relationship with them as they build out their GSM network." Headquartered in San Jose, Digital Microwave Corp. is a leading worldwide designer, manufacturer and marketer of advanced, high-performance digital microwave radios and a supplier of associated systems and services. The company's portfolio of advanced products is designed for use by telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. operators providing PCS/PCN, mobile telephone services, and local access, as well as for use in private networks worldwide. CONTACT: Digital Microwave Corp., San Jose Rebecca Wallo, 408/943-0777 |
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