Or Yehuda, Israel, March 1, 2001 Floware Wireless Systems Ltd. (NASDAQ: FLRE), a leading provider of broadband wireless access (BWA) communication systems, today disclosed that NEXTRA Wireless Ltd. selected Floware as BWA supplier during the fourth quarter of 2000. NEXTRA Wireless will be using Floware's WALKair BWA system for commercial deployment in the 26GHz frequency band in the Czech Republic. This is Floware's second selection as a BWA supplier in the Czech Republic.
NEXTRA Wireless is one of three operators that were awarded a license for the 26GHz frequency in the Czech Republic in September 2000. It will use the WALKair system as one of two selected technologies to offer "last mile" access infrastructure to Internet service providers and alternative telecommunication operators. Following a successful pilot project, NEXTRA Wireless has started commercial operations in the nine largest cities of the Czech Republic. By the end of 2001, NEXTRA Wireless intends to offer services in all towns and cities in the Czech Republic with more than 50,000 inhabitants. "We are pleased to be selected by Nextra Wireless," said Amnon Yacoby, CEO of Floware. "This is our second win in the Czech Republic, that follows the selection by Ceske Radiokomunikace. These two wins give us significant market share in this important country."
About NEXTRA Wireless
Nextra Wireless, Ltd. is part of the Norwegian telecommunications holding company Telenor AS, which is a worldwide provider of high quality telecommunications, data and media communication services, with a particularly strong focus on mobile, Internet and broadband services. Headquartered in Oslo, Norway, Telenor has operations in over 30 countries, has more than 22,000 employees at home and abroad, and had revenues of US$ 3.9 billion in 1999. NEXTRA Wireless is a carrier-to-carrier infrastructure provider operating in the Czech Republic. It focuses on providing "last mile" solutions mainly to Internet Service Providers and alternative telecommunication operators.
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 60 deployments worldwide.
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.