YDI Purchases Link CX Broadband Radio Product and Product Line From interWAVE
Contact: Robert Fitzgerald
(YDI CEO)
Phone: 703-205-0600
Fall Church, Virginia — March 10, 2003: Young Design, Inc. (YDI), a leading manufacturer of broadband solutions for Wireless Internet Service Providers (WISP), common carriers and mobile carriers announced today that it has placed a $0.8 million product order with interWAVE® Communications (NASDAQ: IWAV), a pioneer in compact wireless communications systems, for interWAVE's Link CX, high-capacity radio and in a separate transaction, YDI has purchased all of the remaining assets and licensed all of the technology related to the Link CX product line.
"The Link CX offers our customers the best price/performance package in the market today," said Robert E. Fitzgerald, CEO of YDI. "By taking over the Link CX product line, YDI now has a complete license free wireless solution for virtually any customer."
Len Gee, interWAVE's North America regional director, commented, "This transaction re-enforces the long term relationship between YDI and interWAVE, and we look forward to building that relationship over time."
The Link CX product line of point-to-point, high-capacity, all-outdoor radios is optimized for backhaul of converged voice and data and delivers 45 Mbps of full duplex actual throughput. Working in either the 5.3 GHz UNII band or the 5.8 GHz ISM band spectrums, the Link CX includes such features as automatic transmit power control, which minimizes interference from other radios; E3, DS3 and 10/100 Base-T digital interface options, which allow wireless network planners with similar wireline services to provide state-of-the-art transmission over Internet Protocol (IP); forward error correction, which increases radio reliability and allows it to seamlessly intermix wireline, wireless and fiber technologies; fully-hardened outdoor packaging allows the radio to be deployed completely outdoors in environments that range between minus 30 degrees Celsius to plus 60 degrees Celsius as well as Telco-grade design and performance, which enables long-lasting radio performance.
Young Design, Inc. is a world leader in providing extended range products for license free wireless data delivery systems. YDI manufacturers products that extend the range of Wi-Fi™/802.11 WLAN systems as well as a broad family of high capacity point-to-point wireless backhaul products. In addition, YDI is a leading designer of turnkey extended range wireless systems for large-scale deployments and supplies wireless data equipment to over 1,000 wireless ISPs worldwide. YDI is headquartered at 8000 Lee Highway, Falls Church, Virginia, and can be contacted at www.ydi.com or by contacting Robert Fitzgerald at (703) 205-0600 or at rf@ydi.com.
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. 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.
This news release contains forward-looking statements that are subject to known and unknown risks and uncertainties that could cause the results of interWAVE Communications International, Ltd. to differ materially from management's current expectations. These risks and uncertainties include, but are not limited to, the risks relating to interWAVE's history of losses, the expectation of future losses, reliance on a small number of customers, complexity of products, difficulties in introducing new or enhanced products, compliance with regulations and evolving industry standards, long sales cycles, intense competition, management of global operations, the ability to retain and motivate key employees, and acquisition related risk factors including potential for profit acceleration, dilution of shares outstanding, increases in debt absorbed and potential post-acquisition employee retention, as well as the Risk Factors discussed in the filings and reports made from time to time by interWAVE with the Securities and Exchange Commission.