interWAVE Partners With YDI to Accelerate Broadband Technology Innovation in North America
Contact: Jonathan Fitzgarrald
(interWAVE)
Phone: 650-838-2142
Contact: Robert Fitzgerald (YDI CEO)
Phone: 703-205-0600
Menlo Park, California — June 13, 2002: interWAVE® Communications (NASDAQ: IWAV - News), a pioneer in compact cellular communications systems and broadband wireless data networks, today announced that its has signed two Original Equipment Manufacturer (OEM) agreements with Young Design, Inc. (YDI), a provider of extended range solutions utilizing 802.11b wireless Local Area Network (LAN) technology. The agreements, effective immediately, finalize the sale of certain interWAVE broadband product line assets and the intellectual property rights associated with those product lines.
"The dispersion of a number of our broadband products to YDI enables us to sharpen our GSM and 3G strategic product focus," said Dr. Priscilla Lu, chairman and CEO of interWAVE. "As a result of these agreements, both interWAVE and YDI will be able to more effectively concentrate on their specific market strengths, providing customers with the best, most compact voice and data solution available today."
Under the agreements, interWAVE's subsidiary, Wireless Inc., sold the rights to a number of its point-to-point and point-to-multipoint broadband products, including the respective intellectual property rights for each product. interWAVE will continue to include YDI's newly-acquired broadband products as part of interWAVE's turnkey GSM network solution. In addition, YDI is licensed to sell interWAVE's WaveNet Link 4X solution--a medium-capacity, point-to-point, broadband radio--and will begin to distribute interWAVE's WaveNet Link CX solution--an industry first, high-capacity, all outdoor, point-to-point, broadband radio--throughout its North American sales channel.
"We are pleased to strengthen our current broadband product offering with these newly-acquired products from interWAVE," said Robert E. Fitzgerald, CEO of YDI. "We will continue to expand our west coast facilities to better manufacture and support these new product lines, and look forward to a continued and successful business relationship with interWAVE."
YDI acquired the following interWAVE products: WaveNet Link EX, WaveNet Link AX, RAN 64/25, 400 & 900 MHz, RAN 128/50, 400 & 900 MHz, RAN 9/19, 400 & 900 MHz, WaveNet Access 1000 and WaveNet Access 2500.
interWAVE Communications International, Ltd. is a global provider of compact network solutions and services that offer the most innovative, cost effective and scaleable network allowing operators to "reach the unreached." Our solutions provide economical, distributed networks that minimize capital expenditure while accelerating customers' revenue generation. interWAVE's solutions feature a product suite for the rapid and simple deployment of end-to-end compact cellular systems and broadband wireless data networks that deliver scalable IP, ATM broadband networks. interWAVE's highly portable mobile, cellular networks and broadband wireless solutions provide vital and reliable wireless communications capabilities for customers in over 50 countries. interWAVE's U.S. subsidiary is headquartered at 312 Constitution Drive, Menlo Park, California, and can be contacted at www.iwv.com or at (650) 838-2000. For more information, visit www.iwv.com.
YDI is a world leader in providing extended range products for license free wireless data delivery systems and is the largest manufacturer of 2.4 GHz amplifiers in the world. In addition, YDI is a leading designer of turn-key extended range wireless systems and supplies wireless data equipment to over 800 wireless ISPs worldwide. Additional information about YDI as well as its complete product line can be found at the Company's web site located at www.ydi.com.