Wi-LAN Acquisition of U.S. Fixed Wireless Access Equipment Supplier Completed.Business Editors CALGARY, Alberta & SANTA BARBARA, Calif.--(BUSINESS WIRE)--April 11, 2001 Closed Deal With UC Wireless Enhances Wi-LAN's Overall Growth Strategy Wi-LAN Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :WIN.), an innovator of high-speed wireless data communications technology and products, today announced that it has completed the transaction to purchase UC Wireless. UC Wireless, a privately-held fixed wireless access equipment supplier, will operate as a wholly-owned subsidiary of Wi-LAN. This acquisition provides both Wi-LAN and UC Wireless increased reach and access to large worldwide customers which is key to the overall growth strategy. In addition, Wi-LAN will gain control of UC Wireless' established portfolio of wireless WAN products that are complementary to Wi-LAN's product lines as well as significant resources in the areas of DSP, software and RF engineering. Wi-LAN plans to continue UC Wireless' operations out of Santa Barbara, California Santa Barbara is a city in California, United States. It is the county seat of Santa Barbara County, California. As of the 2000 census, the city had a total population of 92,325. . Wi-LAN will also gain access to UC Wireless' proprietary Versatile Intelligent Network Environment (VINE) technology and their expertise in anypoint-to-multipoint network architectures, which are used to solve non-line-of-sight (NLOS NLOS Non-Line of Sight NLOS No Line of Sight (satellite TV) NLOS Near Line of Sight ) challenges. "We welcome the UC Wireless to the team. This acquisition adds good synergy across the company," said Bill Hews, Wi-LAN President. "We look forward to the additional momentum that Hank Macchio, 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. of UC Wireless, and his team will generate." Wi-LAN acquired all of UC Wireless' assets in exchange for approximately 1.7 million shares of Wi-LAN common stock. About Wi-LAN Wi-LAN, based in Calgary, Canada, is an innovator in the field of high-speed wireless data communications, specializing in high-speed Internet access, LAN/WAN LAN/WAN Local Area Network/Wide Area Network extension and broadband wireless access. Wi-LAN is the Chair Company of the OFDM (Orthogonal Frequency Division Multiplexing) A digital transmission technique that uses a large number of carriers spaced apart at slightly different frequencies. Forum (www.ofdm-forum.com). Wi-LAN's believes its W-OFDM patent is necessary for the implementation of devices using the IEEE 802.11a or ETSI BRAN HiperLAN/2 standards. Wi-LAN's products have been sold in more than 50 countries on six continents. Wi-LAN's common shares trade on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol "WIN." Detailed information on Wi-LAN can be found at http://www.wi-lan.com. About UC Wireless UC Wireless designs, manufactures, integrates and markets broadband wireless Internet access and data transmission network products. The company's core competency is direct sequence spread spectrum communications (communications) spread spectrum communications - (Or "spread spectrum") A technique by which a signal to be transmitted is modulated onto a pseudorandom, noise-like, wideband carrier signal, producing a transmission with a much larger bandwidth than that of the data modulation. , and its products operate in the 900 MHz, 2.4 GHz and 5.8 GHz license-exempt frequency bands. UC Wireless's proprietary Versatile Intelligent Network Environment (VINE) technology permits the implementation of long distance, medium subscriber density broadband Internet access Broadband Internet access, often shortened to just "broadband", is high speed Internet access—typically contrasted with dial-up access over modem. Dial-up modems are generally only capable of a maximum bitrate of 56 kbit/s (kilobits per second) and require the full use of a networks a node-at-a-time. VINE networks have significantly lower costs than conventional cell-based networks. Detailed information on UC Wireless can be found at http://www.ucwireless.com |
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