S R Telecom (NASDAQ:SRXA)
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SR Telecom Announces New Orders for TRAC Project Valued at
Approximately CDN$11 Million - Telefonica deploying WiMAX-Ready symmetry
solution
MONTREAL, April 4 /PRNewswire-FirstCall/ -- SR Telecom(TM) Inc. (TSX: SRX;
Nasdaq: SRXA) announced that it has received purchase orders valued at
approximately CDN$11 million from Siemens for the ongoing Telefonica TRAC
initiative. Telefonica, a leading international telecommunications operator,
originally selected SR Telecom's angel(TM) over a number of competing
technologies for an extensive multi-service Broadband Fixed Wireless Access
(BFWA) network. The new orders are for the WiMAX-ready symmetry(TM) solution,
which Telefonica intends to use for the rest of the TRAC deployment. The TRAC
initiative will deliver high quality voice and high-speed data to suburban and
rural areas throughout the country; ultimately, approximately 100,000 lines
will be deployed.
"These large orders are very significant, as they signal the acceleration of
the TRAC deployment," said Pierre St-Arnaud, SR Telecom's President and Chief
Executive Officer. "Additionally, we are very pleased that Telefonica has
determined that SR Telecom's symmetry platform can best meet its broadband
access requirements. symmetry is a scalable, field-proven solution that can be
immediately deployed, and also provides Telefonica with a seamless migration
path to WiMAX-certified sectors once they become available. We look forward to
the further deployment of this important access project in the months to come."
Deliveries are scheduled to commence immediately.
About symmetry
symmetry is the only WiMAX-ready Broadband Wireless Access solution currently
on the market that combines the most advanced modulation (OFDMA) with key WiMAX
technologies (including diversity, ARQ and space-time coding) to deliver
carrier-class voice and broadband data services. symmetry today delivers on the
promise of WiMAX by providing best-in-class spectral efficiency and the highest
non-line-of-sight (NLOS) range available and provides SME-class service and
reliability at price points suitable for residential business cases in addition
to SME and SOHO applications - a first in the industry for NLOS equipment. The
symmetry solution also includes an extensive suite of network management tools
to optimize deployability and operability.
About SR Telecom
SR TELECOM (TSX: SRX, Nasdaq: SRXA) designs, manufactures and deploys
versatile, Broadband Fixed Wireless Access solutions. For over two decades,
carriers have used SR Telecom's products to provide field-proven data and
carrier-class voice services to end-users in both urban and remote areas around
the globe. SR Telecom's products have helped to connect millions of people
throughout the world.
SR Telecom is a principal member of WiMAX Forum, a cooperative industry
initiative which promotes the deployment of broadband wireless access networks
by using a global standard and certifying interoperability of products and
technologies.
A pioneer in the industry, SR Telecom works closely with carriers to ensure
that its broadband wireless access solutions directly respond to evolving
customer needs. Its turnkey solutions include equipment, network planning,
project management, installation and maintenance.
FORWARD-LOOKING STATEMENTS
Except for historical information provided herein, this press release
contains information and statements of a forward-looking nature
concerning the future performance of the Company. These statements are
based on suppositions and uncertainties as well as on management's best
possible evaluation of future events. Such factors may include, without
excluding other considerations, fluctuations in quarterly results,
evolution in customer demand for the Company's products and services, the
impact of price pressures exerted by competitors, the impact of advances
in wireless technology, and general market trends or economic changes. As
a result, readers are advised that actual results may differ from
expected results and that such differences may be significant. The
Company expressly disclaims any obligation to update any forward-looking
information.
SR TELECOM, ANGEL and SYMMETRY are trademarks of SR Telecom Inc. All
rights reserved 2005. All other trademarks are property of their owners.
DATASOURCE: SR TELECOM INC.
CONTACT: David Adams (Senior Vice-President, Finance and
CFO), (514) 335-4035; Scott Lawrence (Maison Brison), (514) 731-0000,