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YOZAN, IRI Group Forge Alliance for WiMAX.


Tokyo, Japan, July 29, 2005 - (JCNN JCNN Japan Corporate News Network ) - YOZAN, Internet Research Institute (IRI Iri (ē`rē`), former city, North Jeolla (Cholla) prov., SW South Korea. An agricultural center and transportation hub, it was absorbed into Iksan. ), and IRI-Ubiteq forged an alliance for WiMAX, a world standard for the wireless broadband Internet (IEEE (Institute of Electrical and Electronics Engineers, New York, www.ieee.org) A membership organization that includes engineers, scientists and students in electronics and allied fields. 802.16), on July 26.

Under the alliance, YOZAN will be developing infrastructure for a commercial WiMAX service, while the IRI Group will provide necessary support for technology, content, and marketing.

The alliance also includes a mutual equity ownership agreement, whereby YOZAN will acquire a 1.31% share of IRI Ubiteq, while IRI will own 1.52% of YOZAN's shares.

Source: JCN JCN Japan Corporate News
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Publication:JCNN News Summaries
Date:Jul 29, 2005
Words:102
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