Solectron to Provide Manufacturing Services for IPWireless Modems, PC Cards and Network Equipment
Malmesbury, Wiltshire - Jan. 7, 2003 - IPWireless, Inc., enabling mobile broadband globally, today announced a manufacturing partnership with Solectron Corporation, a leading provider of electronics manufacturing and supply-chain management services. Under the agreement, Solectron will provide new product introduction (NPI), printed circuit board assembly, complete product assembly, and fulfillment services at its facility in Dunfermline, Scotland, for the IPWireless? desktop modem, the IPWireless PCMCIA broadband modem cards for laptops and personal data assistants (PDAs), and network base stations (3GPP NodeB). Financial terms of the deal were not disclosed.
With products already deployed on three continents and in late-stage trials with several of the top mobile operators in the world, IPWireless has multiple business deals in the pipeline for 2003. By partnering with Solectron, IPWireless is well positioned to meet large-volume demand and bring products to market faster for operators and subscribers interested in adopting the IPWireless solution.
"Our partnership with Solectron shows that we are serious about delivering on our promise to make mobile broadband a reality," said Chris Gilbert, CEO, IPWireless. "Now that global operators are realising the power of the IPWireless solution, one of our largest challenges is to scale to meet high-volume orders. With Solectron's manufacturing strength supporting us, we can rapidly scale to make our standards-based, plug-and-play mobile broadband technology available everywhere."
"We are very pleased to have been chosen as IPWireless sole manufacturer for its wireless products," said David Powell, Solectron vice president of sales and marketing for Europe. "IPWireless has a unique product in a potentially fast growing market. By taking advantage of our wide range of services and advanced technologies, they will be able to quickly expand in new and existing markets around the world."
Next-Generation Wireless Network Enables Mobile Computing Everywhere The IPWireless total network solution is the first on the market that complies with the internationally recognized UMTS TD-CDMA (TDD) standard.
Available today for operation in the 1.9-GHz and 2.5-GHz licensed bands (the UMTS unpaired allocations and the MMDS/MDS bands), the IPWireless product line includes a complete network infrastructure solution, pocket-sized wireless desktop modems, and PC cards (PCMCIA) for laptops and
personal data assistants (PDAs). The IPWireless broadband modem and card allow residential and business customers instantaneous, "plug-and-play" Internet access. Additionally, the IPWireless network solution gives users the complete portability, mobility and freedom of a wireless Internet
connection at higher speeds than alternative broadband offerings.
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Solectron ( http://www.solectron.com) provides a full range of global manufacturing and supply-chain management services to the world's premier high-tech electronics companies. Solectron's offerings include new-product design and introduction services, materials management, high-tech product
manufacturing, and product warranty and end-of-life support. Solectron, based in Milpitas, Calif., is the first two-time winner of the Malcolm Baldrige National Quality Award. The company had sales of $12.3 billion in fiscal 2002.
IPWireless, Inc. offers a groundbreaking, global standards-based broadband wireless technology solution that enables service providers to offer true high-speed mobile wireless Internet access to worldwide consumer and business markets. The IPWireless solution is in commercial deployment around the world by operators looking to deliver the most cost-effective, convenient, and widely available broadband that will deliver two-way data transmission speeds of up to 9 Mbps, mobility, affordability, and ubiquity of coverage superior to any broadband alternative - including DSL or cable modems. Founded in April 1999, IPWireless is led by a world-class management team of seasoned entrepreneurs and technology and marketing executives from leading mobile and communication companies including Cisco, Lucent, Motorola, and Qualcomm. The company, backed by over $150 million in committed funding from leading venture capital firms, is headquartered in San Bruno, California, with R&D and sales facilities based in the U.K. For more information about IPWireless, visit the company's Web site at http://www.ipwireless.com .
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, the anticipated benefits of the agreement, in each case based on current expectations that involve a number of risks and uncertainties. In particular, while the companies have executed an agreement, the agreement does not contain any minimum purchase requirements. These risks and uncertainties also include component availability, changes in technology, competition, risk of price fluctuation, changes in economic conditions of the various markets the companies serve, risks associated with international sales and operations, end-user demand, market risk, segment risk and intellectual property rights enforcement. Other potential risks that could cause actual events to differ materially are included in filings with the Securities and Exchange Commission, including Forms 8-K, 10-K, 10-Q, S-3 and S-4 for Solectron Corporation. Solectron disclaims any intention or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
IPWireless, IPW, and the IPWireless logo are trademarks of IPWireless, Inc. All other brands, products, or service names are or may be trademarks or service marks of their respective owners.
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