WindChannel Communications Completes Acquisition of Z-Wave.Business Editors/High-Tech Writers RALEIGH, N.C.--(BUSINESS WIRE)--June 12, 2003 WindChannel Communications, providers of ultra-high speed fixed wireless Internet connectivity and data transfer services, today announced the acquisition of Z-Wave Broadband, an early adopter of wireless broadband High-speed wireless transmission of data. What is "high" speed is always a changing number. Wireless systems are typically slower than land-based, wireline networks. In the past, wireless broadband started at 250 Kbps, whereas land-based broadband was generally considered to start at T1 services in North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. . The acquisition gives WindChannel a significant presence in Eastern North Carolina Eastern North Carolina or (often abbreviated as ENC) is the region of North Carolina which includes the eastern third of North Carolina. It includes the Outer and Inner banks, thus it is often known geographically as the state's coastal region. and furthers the company's plans to launch in additional markets throughout the state. The financial terms of the transaction were not disclosed. "This is an exciting time for both our employees and customers," said Steve Holder, founder and chief executive officer of Z-Wave Broadband. "We have found an organization that shares our vision for a world without wires and has the talent, drive and resources to move Z-Wave to the next level." WindChannel provides high-speed Internet See broadband. connectivity and other broadband services See broadband and broadband service provider. without wires, cables or the associated expense through its carrier class fixed wireless broadband (FWB (Fixed Wireless Broadband) See fixed wireless. ) network. The company takes advantage of next generation technology to deliver bandwidth at lower costs with enhanced reliability and security, faster provisioning and world-class customer care. "Z-Wave is a successful company that has pioneered wireless broadband services in Raleigh and throughout Eastern North Carolina," said Randy Choplin, founder and chief executive officer for WindChannel. "They are a capable company with a solid balance sheet and an existing customer base that gives us a tremendous advantage in terms of market saturation In economics, "market saturation" is a term used to describe a situation in which a product has become diffused (distributed) within a market; the actual level of saturation can depend on consumer purchasing power; as well as competition, prices, and technology. and growth base." About WindChannel Communications WindChannel Communications, headquartered in Raleigh, N.C., provides businesses in the Southeast with ultra high-speed Internet connectivity and data transfer solutions. The company has constructed a carrier class IP network that deploys next generation Fixed Wireless Broadband (FWB) technologies to deliver bandwidth without wires. WindChannel combines leading-edge technology with world-class customer care to meet the rising demand for secure, reliable and flexible bandwidth solutions faster and more affordably than traditional wireline providers. The company is delivering on its vision for a world without wires to businesses throughout the region. To learn more about fixed wireless broadband technology or WindChannel Communications, visit www.windchannel.com. |
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