Wave Wireless Partners With Smarter Security Systems19 March 2006
Wave Wireless Corporation (OTC Bulletin Board: WVWC), a provider of wireless broadband solutions for mobile and fixed networks for global telecom, enterprise, security, surveillance and public safety applications, today announced a distribution partnership with Smarter Security Systems Ltd., a leading provider of advanced security solutions. Under the agreement, Smarter Security Systems of Austin, Texas, will private-label Wave Wireless' family of SPEEDLAN(TM) 9200 products under the SmarterWave(TM) product name. The SmarterWave product line will be offered to customers in North America and anchor the company's line of outdoor security solutions. Smarter Security's other solutions include high-performance optical turnstile, anti-tailgate, and outdoor security solutions under the Fastlane(R), Fastlane Door Detective(TM) and Smarter(TM) brand. "Smarter Security has become one of the leading providers of wireless security solutions in North America by offering best-of-breed technology, such as the SPEEDLAN 9200 family of products," said Don Meiners, President of Wave Wireless. "The agreement with Smarter Security represents a good opportunity to extend our reach and is part of Wave Wireless' broader strategic objective to create relationships with high-quality distribution partners to expand market share and build on our momentum." Jeff Brown, President of Smarter Security, Ltd. said: "SmarterWave leverages Wave Wireless' state-of-the-art technology to create a comprehensive line of wireless video solutions, ranging from 900 MHz IP to the most advanced Mesh Network design services for more complex city or campus applications. SmarterWave also offers Wave Wireless's 4.9 GHz product, one of the few systems with approved 4.9 GHz for public safety and government agencies. SmarterWave's 4.9 GHz offering is an outstanding solution that will meet the growing demand for security and police applications." About Smarter Security Systems, Ltd. Smarter Security Systems, Ltd. markets a number of unique Smarter brand outdoor security solutions such as SmarterWave, SmarterCam, SmarterBeam, and SmarterFence as well as the Fastlane brand of entrance control solutions. For more information on Smarter Security, please go to http://www.smartersecurity.com or call 800.943.0043. About Wave Wireless Corporation Wave Wireless develops, manufactures, and markets highly secure and reliable wireless mesh routers to the telecommunications market worldwide. The Company's wireless mesh routers are designed to combine high performance, multiple operating frequencies and hardware AES encryption to provide networking professionals with the most flexible, scalable and robust mesh routers for integrated network requirements of Internet access and private networks including security and surveillance requirements. Cellular and personal communications service (PCS) providers utilize the Company's repair and maintenance business for a full range of services required to support technical issues associated with the installation, maintenance and operation of refurbished legacy Wave Wireless licensed products. For more information visit http://www.wavewireless.com or call 408-943-4200 or 800-721-9283. Safe Harbor Statement This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to anticipated revenues, expenses, earnings, operating cash flows, the outlook for Wave Wireless's markets and the demand for its products. Factors that could cause Wave Wireless' actual results to differ materially from these forward-looking statements include the Company's ability to achieve positive cash flow; the Company's need to raise additional capital, and whether that capital is available on acceptable terms, if at all; the continued intense competition resulting in lower average selling prices; fluctuations in customer demand; reliance upon subcontractors; the timing of new technology and product introductions; and the risk of early obsolescence; and the Company's dependence on the sale of refurbished licensed radio products. Please refer to our reports and filings with the Securities and Exchange Commission, including our reports on Form 10-K, 10-Q and 8-K, for a further discussion of these risks and uncertainties. We also caution you not to place undue reliance on forward-looking statements, which speak only as of the date they are made. We undertake no obligation to update publicly any forward- looking statements to reflect new information, events or circumstances after the date they were made or to reflect the occurrence of unanticipated events. Wave Wireless Contact Greg Berardi, 415.239.7826, greg@bluemarlinpartners.com Smarter Security Contact Lance McDowell, 512.328.7277, lmcdowell@smartersecurity.com
Source: prnewswire
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