FALLS CHURCH, VA, July 26, 2004 – YDI Wireless, Inc. (NASDAQ:YDIW), a leading developer and supplier of broadband wireless solutions, today announced that it has appointed Graybar Canada as a distributor in its Channel Program. As a Distribution Partner, Graybar Canada will be a top tier partner in YDI's Channel Program.
This channel partnership is expected to help grow YDI's presence in Canada and will provide Graybar Canada with high performance wireless solutions to extend its current line of communication solutions. YDI offers an extensive line of long-range wireless products and solutions enabling voice, data, and Internet communication at data rates from 9600 bits per second to 1.44 Gigabits per second.
"YDI is proud to add our high performance wireless solutions to Graybar Canada's communications product suite," stated Kenneth Day, YDI's Director of Channel Distribution. "Our products will enable Graybar Canada's experienced personnel to quickly provide their customers with proven data and network communication solutions."
"YDI's solutions allow Graybar Canada to provide the best price and performance wireless solutions to our customer base," said Faye Coady, National Manager – Comm/Data for Graybar Canada. "This relationship will allow us to grow into Canada's leading source for wireless data communication solutions."
YDI Wireless, Inc. is a world leader in providing extended range, license-free wireless data equipment and is a leading designer of turnkey long distance wireless systems ranging from 9600 bps to 1.44 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 413-665-8551 or by email at IR@ydi.com.
Like its parent company in the United States, Graybar Canada is engaged in the wholesale distribution of electrical, automation and comm/data equipment and integrated supply services, primarily to contractors, industrial plants, telephone companies, power utilities, and commercial users. Graybar Canada Limited is a subsidiary of Graybar Electric Company, Inc. of St. Louis, MO and is headquartered at 3600 Joseph Howe Drive, Halifax, Nova Scotia B3L 4H7. Its telephone number is 902/457-8787; and its fax number is 902/445-5808. Graybar Canada has three regional offices located in Calgary, Alberta servicing Western Canada; Kitchener, Ontario servicing Central Canada; and Halifax, Nova Scotia servicing the four Atlantic Provinces where it operates under the name Harris & Roome Supply.
Statements in this press release that are not statements of historical facts, including statements regarding YDI's business outlook or expected products, capabilities, performance, opportunities, or developments, are forward-looking statements that involve risks, uncertainties, and assumptions. YDI's actual results may differ materially from the results anticipated in these forward-looking statements. The forward-looking statements involve risks and uncertainties that could contribute to such differences including those relating to the downturn and ongoing uncertainty in the telecommunications industry and larger economy; the intense competition in YDI's industries and resulting impacts on its pricing, gross margins, and general financial performance; difficulties in predicting YDI's future financial performance; and risks arising from and relating to YDI's recent acquisitions of Ricochet Networks, Inc., Terabeam Corporation, and KarlNet, Inc. and contemplated acquisition of Phazar Corp. Further information on these and other factors that could affect YDI's actual results is and will be included in filings made by YDI from time to time with the Securities and Exchange Commission and in its other public statements.