NextPath's LaserWireless to Start Taking Orders, Production of its New Laser Communications System to Begin.Business Editors/High-Tech Writers LANCASTER, Pa.--(BUSINESS WIRE)--Feb. 1, 2001 LaserWireless Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of NextPath Technologies Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : NPTK), Thursday announced that it will begin taking orders for its LaserBridge(TM) 155 electro-optic communications system In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. . The system transmits video, voice and data (up to 155 million bits per second) through the atmosphere using a beam of light, without the need for a communications license. Richard K. Walter, president of LaserWireless, said, "We believe the LaserBridge(TM) 155 will offer more customer benefits, at a lower price, than any other system on the market today." Two of the most significant benefits of the LaserBridge(TM) 155 are its built-in, full-time electronic tracking system to maintain alignment and a remote diagnostics Vehicle Diagnostics Vehicle diagnostics enables a mechanic to diagnose the exact mechanical condition of the vehicle and its systems and components. Remote Diagnostics enables to perform such diagnosis without requiring the vehicle to physically be present for checkup. system that will allow LaserWireless to access installed systems directly using standard telephone lines. LaserWireless plans to feature the LaserBridge(TM) 155 in a number of trade shows in both the domestic and international markets during 2001. "A typical application of the LaserBridge(TM) 155 system is in the last mile fiber optic extension, which enables carriers such as Incumbent Local Exchange Carriers (ILEC (Incumbent Local Exchange Carrier) A traditional local telephone company such as one of the Regional Bell companies (RBOCs). Contrast with CLEC. See ELEC and TELRIC. ) and Competitive Local Exchange Carriers (CLEC (Competitive Local Exchange Carrier) An organization offering local telephone service that is not one of the traditional telephone companies. The Telecommunications Act of 1996 allowed competition to the incumbent telcos (ILECs), enabling new companies (CLECs) ) to connect the high bandwidth capability of their fiber optic networks to their customers' locations. "The LaserBridge(TM) 155 will also enable corporations and other institutions to connect their own local area networks (LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. ) between multiple buildings," added Walter. Ken Uptain, chairman, president and chief executive officer of NextPath, stated, "We believe the LaserBridge(TM) 155 will have strategic value to major telecommunications companies and, therefore, we are optimistic about its market potential. We are very excited that LaserWireless is moving out of its development stage and into its production stage. "We expect LaserWireless to begin contributing revenues to the NextPath group in 2001." The LaserBridge(TM) 155 complies with FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. and CICER regulations for interference limitations and United States (UL 1950) Canadian (CSA (1) (Canadian Standards Association, Toronto, Ontario, www.csa.ca) A standards-defining organization founded in 1919. It is involved in many industries, including electronics, communications and information technology. C22.2 No. 950) and European (EN60950, EN55024 and EN55022) directives. Certain statements in this news release may constitute forward-looking statements. Such forward-looking statements involve risks, uncertainties, and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ. These factors include, among others, higher than expected costs of manufacturing, our need to obtain additional capital resources to fund internal or outsourced manufacturing operations, unexpected manufacturing startup delays and the level of customer acceptance of the LaserBridge(TM) 155. Additional company information is available at: www.nextpathonline.com. |
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