WisdomTree Issuer ICAV (TG:PCOM)
Historical Stock Chart
From Jan 2020 to Jan 2025
P-Com Completes Acquisition of Wave Wireless Networking
Transaction Brings Together Two Leaders in Unlicensed Market
CAMPBELL, Calif., Dec. 11 /PRNewswire-FirstCall/ -- P-Com, Inc. (BULLETIN
BOARD: PCOM) , a worldwide provider of wireless telecom products and services,
today announced that it has completed the previously announced purchase of the
Wave Wireless Networking Division, a unit of SPEECOM.
The acquisition enables P-COM to expand its highly regarded spread spectrum
product line with Wave Wireless' mesh technology in its SPEEDLAN 9000 series,
featured with 128-bit AES encryption. The acquisition will also enable P-Com to
expand its distribution network and to grow the existing business relationships
between SPEEDCOM and its customers.
"The acquisition of Wave Wireless Networking represents a strategic opportunity
for P-Com to broaden our product portfolio, enhance the solution set that we
bring to our customers and open up new market opportunities for us in the
low-cost, high performance segment of the unlicensed wireless market," said Sam
Smookler, Chief Executive Officer of P-Com. "The combination of SPEEDLAN 9000
and P-COM's AirPro Gold, which provides complementary backhaul capability, is a
powerful network solution for data networks and Voice over IP."
Geoff Giese, P-Com's Vice President of Marketing, Spread Spectrum, said:
"SPEEDLAN is a last-mile access solution for private networks, Internet Service
Providers and Government and Municipal Networks that perfectly complements our
AirPro Gold product line. Using proprietary access methods, SPEEDLAN provides
improved bandwidth over standard 802.11b architecture and includes the
enhancement of Federal government approved AES encryption for secure networks
and self-healing mesh networking for improved network reliability."
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 408-866-3660.
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 possible
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; a continued
severe worldwide slowdown in the telecommunications equipment and services
sector; fluctuations in customer demand, pricing and competition; 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.
CONTACT: media, Greg Berardi, +1-415-239-7826, or , for P-Com, Inc.; or
investors, Dan Rumsey, General Counsel and Interim CFO of P-Com, Inc.,
+1-408-866-3666, or .
DATASOURCE: P-Com, Inc.
CONTACT: media, Greg Berardi, +1-415-239-7826, or
, for P-Com, Inc.; or investors, Dan Rumsey,
General Counsel and Interim CFO of P-Com, Inc., +1-408-866-3666, or
Web site: http://www.p-com.com/