STM Wireless, Inc. Announces $4.3 Million Extension To the Telebahia Network in Brazil.IRVINE, Calif.--(BUSINESS WIRE)--Sept. 17, 1996--STM Wireless, Inc. (STM (Scanning Tunneling Microscope) A microscope that can image down to the atomic level. An STM uses a piezoelectric tube with a tiny sharp tip at the end that is moved within nanometers of the object being sampled. ), (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 NM Symbol: STMI STMI Synchronous Transport Module I (also seen as STM-I) STMI Spectro-Temporal Modulation Index STMI Statute Mile STMI Single Table with Multiple Index Access ), today announced that it had received an order valued at $4.3 million from Telecomunicacoes da Bahia S.A. (Telebahia), the provider of public switched telecommunication services in the state of Bahia, Brazil. The VSAT (Very Small Aperture satellite Terminal) A small earth station for satellite transmission that handles up to 56 Kbits/sec of digital transmission. VSATs that handle the T1 data rate (up to 1.544 Mbits/sec) are called "TSATs. equipment supplied will be used to expand the capabilities and coverage of the existing network previously supplied by STM throughout the state of Bahia. The existing Gateway in Salvador, the Capital of Bahia, will be upgraded and expanded in capacity to handle the increase in traffic and number of remote nodes. The expansion will allow the addition of 28 local offices which will provide telephone services with operator assistance for small towns. In addition, the main toll office in Bahia state will be connected to regional offices to improve the quality and coverage in those areas. The network expansion will also include the new IDCME product from STM's subsidiary, TMSI TMSI Temporary Mobile Subscriber Identity (Identifier) TMSI Tropical Marine Science Institute (Singapore) TMSI Temporary Mobile Station Identity TMSI The Mortgage Source Inc , which will be installed in Telebahia's cellular sites for use with STM's VSAT system. Emil Youssefzadeh, STM 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. , commented, "We are delighted with this addition to our original network in Telebahia which will deploy our new generation of products with this long-term and valued customer. We hope that the relationship with Telebahia, and potentially with other telephone companies in Brazil, will continue to expand as we introduce our new and advanced products. Latin America in general and Brazil in particular continues to be an important and vibrant market for STM products." STM Wireless, Inc., headquartered in Irvine, California, is a leading manufacturer of wireless communications products, including very small aperture terminals (VSATs), hubs, multiplexors, modems and other networking equipment. STM products are designed to support data, fax, voice and video networks requiring cost-effective connections. STM's proprietary equipment and software are installed in North America, Latin America, Europe and the Asia/Pacific. STM also sells services to customers on networks it owns and operates. Some of the statements made in this news release are forward looking statements that involve risks and uncertainties. As discussed in the Company's initial public offering 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. and its Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1995, the Company's future operating results are uncertain and may be impacted by the following factors, among others: the long-term cycle involved in completing major contracts, particularly in foreign markets; increasing competitive pressures; general economic conditions; technological advances; the timing of new product introductions; political and economic risks involved in foreign markets and foreign currencies; and the timing of operating and other expenditures. CONTACT: STM Wireless Frank T. Connors, 714/753-7864 or Lippert/Heilshorn & Associates Keith Lippert, 212-838-3777 (investor relations Investor relations The process by which the corporation communicates with its investors. ) Kris Otridge, 415-955-2735 |
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