Floware to Open Offices in Brazil and The Czech Republic
Or Yehuda, Israel, January 4, 2001 - Floware Wireless Systems Ltd.
(NASDAQ: FLRE), a leading provider of broadband wireless access (BWA)
communication systems, announced today the opening of offices in Brazil
and the Czech Republic. Both offices will provide sales services
initially, and are expected to provide technical support in the near
future. Floware is opening the new offices to support its strategic
distribution partners as well as its customers, new telecommunications
Commenting on opening the two offices, Amnon Yacoby, CEO of Floware, said,
"Our sales strategy is to provide our equipment through system
integrators, while maintaining direct contact with the carriers. We
believe that a closer physical presence will allow us to actively
participate in the sales process and to support the integrators, primarily
Siemens AG and others such as NEC Corporation, during the deployment of
the network. Moreover, the addition of these offices will ensure the
continuation of our direct contact with the carriers, enabling us to
better understand their existing and future needs."
Floware's Czech Republic office, based in Prague, is well situated to
access the entire Central European region, as new carriers prepare to
enter the BWA market in countries such as Hungary and Slovakia. Floware
has already been selected by two Czech operators, including Ceske
Radiokomunikace, the second largest telecommunications company in the
Czech Republic, which is building a broadband network initially in 15
cities. In addition, six Polish operators, including ElNet and Elektrim,
are currently utilizing Floware equipment.
Located in Sao Paulo, Floware's Brazilian office will give the company a
strong local presence in one of the potentially largest broadband wireless
access markets. Allocation of wireless licences in Brazil is expected
later this year, where Floware is already involved in field trials with
The addition of the two offices follows the establishment of local offices
in Germany and France. Floware is set to open additional offices in
Miami, which will service Latin America, later this year, with longer term
plans for additional offices in other major cities in Asia, Latin America
Floware Wireless Systems Ltd. is a leading provider of point-to-multipoint
fixed broadband wireless access (BWA) systems. These systems are used
mainly by new carriers (CLECs) which connect business customers in the
"last mile." Floware's WALKair system enables carriers to provide
high-speed Internet access, as well as a wide range of voice and data
services, on the 3.5, 10.5 and 26 GHz radio frequency bands. Floware
currently has more than 50 deployments worldwide. For more information,
visit Floware's website at www.floware.com.
This press release and statements by Floware in shareholder reports and
public filings, as well as in oral public statements by Floware´s
representatives may contain forward looking statements. Such statements
are subjected to certain facts, risks and uncertainties that may cause
actual results, events and performance to differ materially from those
referred to in such statements. The risks are identified in Floware´s
registration statement on Form F-1 (Registration Statement No. 333-12290)
filed with the Securities and Exchange Commission.
For more information, please contact:
Floware Wireless Systems Ltd.
Tel: +972 3 5382209
Tel: +44 1753 790700
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