Floware Now Selected by Two of Spain's Major Broadband Wireless Carriers
Or Yehuda, Israel, January 23, 2001 - Floware Wireless Systems Ltd.
(NASDAQ: FLRE), a leading provider of broadband wireless access (BWA)
communication systems, announced today that the Abrared Consortium of
Spain has selected Floware's WALKair system for its wireless network
rollout throughout Spain. The selection by Abrared has resulted in
purchase orders for Floware's WALKair system of approximately $3.7
million, of which about half have already been delivered. Following this
selection, Floware is now the supplier of BWA systems to two major
carriers in Spain.
In March 2000, the Spanish Government awarded fixed wireless licenses to
six carriers for nationwide deployment, three in the 3.5GHz frequency band
and three in the 26GHz band. The Abrared Consortium won a 3.5GHz band
license to provide fixed local wireless access.
Abrared plans to deploy a nationwide wireless infrastructure throughout
Spain and provide services to businesses and users in 55 cities and
districts during its first year of operation, leading to 111 cities during
the second year. The Abrared Consortium consists of Iberdola, the second
largest electrical power company in Spain; Formus Communications Ibérica
S.A., a leading global high-speed broadband services company; Merlin
Servicios Portadores, stakeholder of the Spanish cable telecommunication
company ONO; Bancaja and Caja Galicia, two major savings banks, and Grupo
Corporativo Fuertes, an industrial group.
In announcing Abrared's selection, Amnon Yacoby, CEO of Floware said, "We
are very pleased to be chosen by another large new carrier in Spain.
Spain, as one of the top five European countries in terms of population,
is expected to quickly become a large market of fixed wireless systems.
Abrared's decision to use our WALKair system reinforces our significant
presence in the Spanish market."
The Abrared Consortium consists of Iberdola, the second largest electrical
power company in Spain; Formus Communications Ibérica S.A., a leading
global high-speed broadband services company; Merlin Servicios Portadores,
stakeholder of the Spanish cable telecommunication company ONO; Bancaja
and Caja Galicia, two major savings banks, and Grupo Corporativo Fuertes,
an industrial group. Abrared is focused on providing high-speed broadband
Internet connectivity to telecommunications carriers. Abrared's wireless
technology will help to overcome the existing local loop bottleneck in
Spain and will allow telecommunications operators to offer Internet access
and services to business customers.
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 http://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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