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P-Com Announces $596,000 in Orders From Mideast
Company Receives First Part of Larger Order From Iraq
CAMPBELL, Calif., April 26 /PRNewswire-FirstCall/ -- P-Com, Inc. (BULLETIN
BOARD: PCOM) , a worldwide provider of wireless telecom products and services,
today announced that it has received $596,000 in orders from customers in the
Mideast.
P-Com's orders from the region include $212,000 from Iraq for P-Com's Tel-Link,
point-to-point microwave radios. The Tel-Link units will be deployed by a
major utility in the country. P-Com expects to receive orders from Iraq
exceeding $1.0 million.
In the first quarter of 2003, P-Com received more than $587,000 in orders from
the Mideast for its licensed and unlicensed products.
"P-Com's orders in the Mideast reflect a broad pattern of success in the region
for our entire product line," said Sam Smookler, President and CEO of P-Com.
"Our products continue to be well received in the Mideast because they offer a
unique opportunity to build reliable, cost-effective network infrastructure
that helps both public and private operators meet the growing demand for
broadband services in the region."
P-Com's Tel-Link radios deliver high-capacity voice, data, Internet and video
connectivity from low data rates through high data rates in the same unit.
P-Com's AirPro Gold is a high-speed, carrier-class radio that delivers
broadband services, providing unmatched spectral efficiency, burst
synchronization and powerful network management capabilities. The SPEEDLAN
9000 series, offered through P-Com's Wave Wireless Networking group, is a
family of spread spectrum products featuring mesh technology and 128-bit AES
encryption.
About P-Com, Inc
P-Com, Inc. develops, manufactures, and markets point-to-point, spread spectrum
and point-to-multipoint, wireless access systems to the worldwide
telecommunications market. P-Com broadband wireless access systems are
designed to satisfy the high-speed, integrated network requirements of Internet
access associated with Business to Business and E-Commerce business processes.
Cellular and personal communications service (PCS) providers utilize P-Com
point-to-point systems to provide backhaul between base stations and mobile
switching centers. Government, utility, and business entities use P-Com
systems in public and private network applications. For more information visit
http://www.p-com.com/ or call 408-866-3666.
Safe Harbor Statement
Statements in this release that are forward looking involve known and unknown
risks and uncertainties, which may cause P-Com's actual results in future
periods to be materially different from any future performance that may be
suggested in this release. Such factors may include, but are not limited to:
the ability to achieve positive cash flow given the Company's existing and
anticipated operating and other costs, and current sales trends; the need to
raise additional equity capital, and whether that capital is available on
acceptable terms, if at all; the Company's ability to negotiate repayment terms
with many of its creditors, and settle outstanding litigation; the continued
intense competition from leading telecommunications equipment and technology
suppliers resulting in lower average selling prices; fluctuations in customer
demand; reliance upon subcontractors; the ability of P-Com's customers to
finance their purchases; the timing of new technology and product
introductions; and the risk of early obsolescence. Many of these risks and
uncertainties are beyond P-Com's control. Reference is made to the discussion
of risk factors detailed in P-Com's filings with the Securities and Exchange
Commission, including its reports on Form 10-K and 10-Q.
Media Contact: Investor Contact:
Greg Berardi Daniel W. Rumsey,
General Counsel
and Acting CFO
415-239-7826 408-866-3666
DATASOURCE: P-Com, Inc.
CONTACT: press, Greg Berardi for P-Com, Inc., +1-415-239-7826, or
; or Daniel W. Rumsey, General Counsel and Acting
CFO of P-Com, Inc., +1-408-866-3666, or
Web site: http://www.p-com.com/