REPEAT/ Telaxis Communications Welcomes Opportunities Presented by Announced Acquisition of Newbridge Networks by Alcatel.Business/Technology Editors REPEATING... SOUTH DEERFIELD, Mass.--(BUSINESS WIRE)--Feb. 23, 2000 Telaxis Communications Corporation, a leading provider of broadband wireless See wireless broadband. access equipment used by network service providers worldwide, responded enthusiastically to the announcement that Newbridge Networks Newbridge Networks was an Ottawa, Ontario, Canada company founded by Canadian/Welsh entrepreneur Terry Matthews. It was founded in 1986 to create data and voice networking products after Matthews was forced out of his original company Mitel. Corporation will be acquired by Alcatel. Newbridge is a significant customer of Telaxis. Telaxis' President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. John Youngblood stated, "The announced acquisition of Newbridge by Alcatel presents a great opportunity for Telaxis because of Alcatel's focus on providing fast Internet access See how to access the Internet. and the two companies' synergies for addressing the fast growing broadband wireless access market. We look forward to building on the strong relationship we have developed with Newbridge. As a volume supplier of broadband wireless transmitter/receiver equipment to Newbridge, we believe our products have contributed to Newbridge's success in the 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 market. Our modular products enable network system integrators to enter new markets quickly for competitive site demonstrations and initial commercial deployments. Our planar A technique developed by Fairchild Instruments that creates transistor sublayers by forcing chemicals under pressure into exposed areas. Planar superseded the mesa process and was a major step toward creating the chip. products, which can be mass produced using low cost, highly automated manufacturing techniques, allow network system integrators to propose cost models that are attractive to network service providers while achieving desired network performance. To date, our products have been designed into the network architectures for most of Newbridge's existing broadband wireless access customers and we have been rapidly increasing production to satisfy existing orders." Dr. Youngblood continued, "Like Newbridge, Alcatel is a leading player in the broadband wireless access market and has numerous trials and initial deployments underway. We expect that Alcatel will provide additional strength in exploiting the broadband wireless access market opportunity because of its broad geographic presence, end-to-end network integration know-how and leading position in broadband access See broadband and wireless broadband. . Although Alcatel currently provides transmitter/receiver equipment for its LMDS efforts, we believe Alcatel's trials and initial deployments present opportunities to market our cost-effective planar products to the extent these trials and deployments result in larger scale network buildouts. We believe Telaxis is the only provider of planar equipment in volume production today. We look forward to the opportunity to expand our business by supporting customers of Alcatel while continuing to serve customers of Newbridge." Telaxis Communications Corporation (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 : TLXS) develops and supplies broadband wireless access equipment used by network service providers to deliver integrated voice, video and data services to business and residential subscribers. Telaxis has developed two families of broadband point-to-multipoint wireless access products. Its modular family of products can be rapidly tailored for competitive site demonstrations and initial commercial deployments. Its planar family of products can be mass-produced using low-cost, highly automated manufacturing techniques for cost effective deployment. For more information about Telaxis Communications Corporation, please contact the company by telephone at 413-665-8551, by email at IR@telaxiscomm.com, or visit its Web site at http://www.telaxiscomm.com. A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc Telaxis' securities was filed and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A copy of the final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. related to the offering can be obtained from Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. Corporation, Eleven Madison Avenue Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S. , Prospectus Department, 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 , NY 10010-3629 (Telephone Number 212-325-2580). Statements in this press release that are not based on historical facts, such as statements regarding Telaxis' business outlook and prospects, may be considered forward-looking statements that involve risks and uncertainties. Telaxis' actual results may differ materially from the results discussed in these forward-looking statements. Factors that could cause or contribute to such differences include, without limitation, changes in the market, new products and announcements from other companies, changes in technology, and the impact of competitive products and pricing. Further information on these and other potential factors that could affect Telaxis' financial results are included in Telaxis' initial public offering prospectus dated February 1, 2000. Telaxis, Telaxis Communications, and its logos are trademarks of Telaxis Communications Corporation. All other names may be trademarks or service marks of their respective owners. |
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