U.S. Government Contracts YDI Wireless to Develop Product
Contact: David L. Renauld
(Vice President, Corporate Affairs)
Phone: 413-665-8551
Falls Church, Virginia — December 16, 2003: YDI Wireless, Inc. (OTCBB:YDIW), a leading developer and supplier of broadband wireless solutions, today announced that it has been awarded a contract to develop a wireless data communication product for the United States government. The product being developed will operate in the V Band (50 to 75GHz) frequency range.
Robert Fitzgerald, Chief Executive Officer, stated, "We are very pleased to have been selected to develop this product. As a wireless technology leader headquartered in the metropolitan Washington, DC area, we are increasing our focus on government markets. YDI's technical capabilities in the higher-frequency, millimeter wave portion of the radio spectrum positioned us to win this exciting opportunity. We have been a pioneer in the V band (50 to 75GHz) spectrum with our FiberLeap™ products and have developed dozens of other products operating at millimeter wave frequencies. This product development project will benefit from that sizable knowledge base."
YDI
Wireless, Inc. is a world leader in providing extended range, license free wireless
data equipment and is the result of the combination of Young Design, Inc. and
Telaxis Communications Corporation. This combination brought together Young
Design's license-free products that extend the range of IEEE 802.11 wireless
local area network systems, point-to-point wireless backhaul products, diverse
and broad customer base, and deep market and industry experience with Telaxis'
high-frequency millimeter-wave expertise and FiberLeap™ and
EtherLeap™ products. In addition, YDI Wireless is a leading
designer of turnkey long distance wireless systems ranging from 19.9 kbps to
1 Gbps for applications such as wireless Internet, wireless video, wireless
LANs, wireless WANs, wireless MANs and wireless virtual private networks. Additional
information about YDI Wireless as well as its complete product line can be found
at the company's web site located at http://www.ydi.com
or by contacting the company by telephone at
Statements in this press release that are not statements of historical facts are forward-looking statements that involve risks, uncertainties, and assumptions. Our actual results may differ materially from the results anticipated in these forward-looking statements due to risks arising from and relating to the contemplated acquisition of Phazar Corp by YDI, the two companies' ability and desire to consummate that transaction, and our ability to achieve the contemplated benefits of that transaction; the combination of Telaxis Communications and Young Design and our ability to achieve the contemplated benefits of that combination; the downturn and ongoing uncertainty in the telecommunications industry and larger economy; the intense competition in our industry and resulting impacts on our pricing, gross margins, and general financial performance; and the other factors discussed in our filings made from time to time with the Securities and Exchange Commission and in our other public statements.