News

31
Jan

BreezeCOM Reports Record Fourth Quarter and Record Year-End Results for 2000

$101M Yearly Revenues; 127% Growth over last year;
$10M Net Income for Year 2000 versus Loss of $(3.6)M in 1999;
EPS of $0.12 for Q4 2000 versus Loss of $(0.07) in Q4 1999
 
TEL AVIV, Israel & CARLSBAD, Calif., January 31, 2001 – BreezeCOM Ltd. (NASDAQ: BRZE), a leading developer and manufacturer of broadband wireless access products, today announced results for the fourth quarter and the year 2000. The yearly results reflect 127% revenue growth, compared with 1999 revenues.

Revenues for the fourth quarter which ended December 31, 2000 were $32.4 million, a 154% increase over $12.7 million reported in the fourth quarter of 1999, and a 12% increase over third quarter 2000 revenues of $29 million. Net operating income in the fourth quarter 2000 was $1.3 million, compared with an operating loss of $(629,000) in the same period of 1999. The Company reported net income for the fourth quarter 2000 of $3.9 million, or $0.12 per diluted share, compared with a net loss of $(765,000), or $(0.07) net loss per share, in the same period last year.

Revenues for the year 2000 were $101 million, a 127 % increase over revenues of $44.8 million for the same period in 1999. Net operating income for the year 2000 was $3 million, compared to a net operating loss of $(2.6) million in 1999. Net income for the year 2000 was $10 million, or $0.33 per diluted share, compared with a net loss of $(3.6) million, or $(0.32) net loss per share, in the same period last year.

In announcing the results, Zvi Slonimsky, President and CEO of BreezeCOM, said, “Year 2000 was exceptional for BreezeCOM. We became profitable, more than doubled our revenues and demonstrated solid quarter over quarter growth. Furthermore, we exceeded all of our strategic targets. Our fourth quarter results reflect the continued high demand from service providers and private networks.”

“We are the global leader of the sub-11 GHz broadband wireless access market, which has received conclusive recognition as a vital element of the telecommunications industry. Thousands of subscribers are receiving data and telephony services using BreezeCOM’s network solutions.”

“In the year 2000, we also made major inroads into the licensed 3.5GHz carrier market internationally and the unlicensed service provider market in the United States,” Mr. Slonimsky added. “We substantially increased our penetration into Latin America and Asia Pacific and believe this growth will position us for continued success in 2001. We introduced a variety of new products, including: BreezeACCESS MMDS in the U.S., Canada and Latin America; BreezeACCESS II, a carrier-class line for unlicensed applications worldwide; additional product lines in the 3.5 GHz licensed band; and an enhanced DS.11 Outdoor Bridge for the enterprise market.”

Mr. Slonimsky will discuss the Company’s earnings results and other news discussed herein in a group conference call Wednesday, January 31, 2001 at 9:00 a.m. EST. The call can be heard live as a webcast on www.streetevents.com and www.breezecom.com. A replay will also be available beginning 11:00 am. EST, January 31, 2001, through February 2, 2001 at 11:59 p.m., by dialing 1-888-266-2081 (Domestic), 1-703-925-2533 (International), Replay ID Code 4908026.

About BreezeCOM
BreezeCOM is the leading provider of Broadband Wireless Access (BWA) solutions used by service providers and enterprises. Its products provide a wireless alternative to wired access solutions, such as DSL and cable modems, and facilitate indoor and outdoor, as well as fixed and mobile wireless LAN connectivity. BreezeCOM products are based on a packet switching point-to-multipoint wireless platform, optimized for high-speed Internet and intranet access. Core technologies include spread spectrum radio, digital signal processing, modems, networking protocols and VLSI.

For Quarterly Report, please select: Q4 2000 Financial Report.

23
Jan

Floware’s WALKair Selected by Abrared in Spain for Nationwide Deployment

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." About Abrared
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.

About Floware
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.

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.

17
Jan

BreezeCOM Signs Distributor Agreement with Telindus

Global Integrator to provide high-speed Internet connectivity and wireless equipment throughout Europe
 
TEL AVIV, Israel, CARLSBAD, CA, January 17, 2001 – BreezeCOM (NASDAQ: BRZE), a leader in the design and manufacture of high-speed wireless access solutions today announced it has signed a long term distributorship agreement with Telindus, a global telecommunications systems integrator, under which Telindus will market and sell BreezeCOM's point-to-point and point-to-multipoint broadband wireless access solutions.

Headquartered in Belgium, Telindus has subsidiaries in Holland, Luxemburg, France, Italy, Switzerland, Germany, Austria, Spain, Portugal, UK, Israel and Thailand. Its primary focus is on larger telecommunications operators and ISPs. Telindus will distribute BreezeCOM's BreezeACCESS and BreezeLINK wireless products throughout Europe.

“We selected BreezeCOM because of their dedication to the outdoor and telecommunications market,” stated Eric van Zele, CEO for Telindus. “Their extensive range of products and excellent reputation for customer service and support made them the right choice for us.”

BreezeCOM’s wireless solutions complement Telindus current product offering and helps position it to provide a full-service solution to its customers.

"The agreement with Telindus is a great opportunity for BreezeCOM to promote its BreezeACCESS product line,” stated Garry Goldenberg, general manager for BreezeCOM France/Benelux. “Telindus is committed to the telecommunications market. They have the skills and capacity to service and support the international companies we are targeting. I am confident that this new partnership will enable both companies to grow their leadership positions in the Broadband Wireless Access arena worldwide.”

About Telindus
Telindus Group NV is the European expert in data and telecommunication networks, and has its roots in Belgium.

The expertise of the Telindus group includes the most extensive areas of modern telecommunications technology, such as LANs, WANs, Internet and e-business, network access and security, VOIP, VPN, fixed and mobile communication.

The Telindus group comprises about 50 companies situated in fourteen countries and additionally possesses an extensive network of representatives in the rest of Europe and in the other continents.

Telindus can number more than 60 operators and an eminent range of financial, governmental and European institutions amongst its clients. In the industrial, distribution and media worlds Telindus can also point to a large number of top references.

The Telindus group employs a staff of over 2.000 and is quoted on Euronext. For more information on the Telindus Group, please visit www.telindus.com.

About BreezeCOM
BreezeCOM is the leading provider of Broadband Wireless Access (BWA) solutions used by service providers and enterprises. Its products provide a wireless alternative to wired access solutions, such as DSL and cable modems, and facilitate indoor and outdoor, as well as fixed and mobile wireless LAN connectivity. BreezeCOM products are based on a packet switching point-to-multipoint wireless platform, optimized for high-speed Internet and intranet access. Core technologies include spread spectrum radio, digital signal processing, modems, networking protocols and VLSI. For more information on BreezeCOM, visit www.breezecom.com.

10
Jan

BreezeCOM and TELECEL S.A. Expand High-Speed Internet Connectivity and Wireless Data Services into Paraguay

Flexible, Low-Cost Solution Drives Growth of Latin American Wireless Market
 
TEL AVIV, Israel, CARLSBAD, CA, January 10, 2001 – BreezeCOM (NASDAQ: BRZE), a leader in the design and manufacture of high-speed wireless access solutions, and Telecel S.A. from Paraguay, a subsidiary of Millicom International Cellular Corporation (NASDAQ: MICC), have announced the successful launch of wireless data services in Paraguay. In association with a 1999 frame agreement signed by BreezeCOM and Millicom International, this announcement validates Millicom’s continuing expansion of wireless data services and on going plans to deploy high-speed wireless Internet networks throughout Latin America.
Telecel is the largest cellular operator in Paraguay and currently services a subscriber base of more than 400,000. Deploying BreezeCOM’s wireless Internet technology, this venture follows successful trials and system implementation by BreezeCOM and Millicom in other countries last year.
Millicom employs BreezeCOM’s BreezeACCESS? 3.5 system, which offers an advanced IP-based high speed, broadband wireless access solution for data and voice communications. Initial deployment has begun in all major Paraguayan cities including Asuncion, Ciudad del Este and Encarnacion, with plans to provide services to rural areas as well. Ultimately, the system will be installed on Telecel’s cellular sites that cover all of Paraguay.

“BreezeCOM’s wireless technology complemented our existing cellular infrastructure,” stated Ever Zalazar, Engineer in charge of the implementation at Telecel. “It provided a flexible and cost-effective solution that was easy to install and quick to deploy – extremely important in Paraguay, which is in urgent need of high-speed data services. By adding wireless services to our existing cellular network, we became the first company to offer and deploy high speed-data networks in Paraguay.”
The flexibility of BreezeCOM products provides an efficient and cost-effective solution to cellular operators looking to enhance or expand their current service offering. Its rich feature set and robust performance make it the ideal solution for supporting major network deployments. BreezeCOM enables operators to capitalize on their existing cellular system and infrastructure – dramatically reducing deployment issues and associated costs. It is an excellent fit for deploying new infrastructure, as was the case in Argentina, as well as when expanding existing networks, as in Paraguay.
“Millicom is using our high-speed wireless technology to enhance its communications infrastructure in South America, which will provide a major boost to the entire cellular market in the region,” said Pablo Brenner, BreezeCOM vice president of Latin America. “Our BreezeACCESS product line was a perfect fit with the cellular network system Telecel already had in place making it an efficient and cost-effective way for Millicom to quickly deliver high-speed wireless services to the region.”

About Telecel
Telecel is the leading company in Paraguay for cellular services and the major Internet service provider with more than 8,000 subscribers. The company, founded in 1992 in Asunci?n , the capital of Paraguay, now offers nationwide coverage of advanced technology and services. Recently, Telecel entered the data transmission business by providing Internet wireless services and VPN services. Last year the business unit reached more than 800 wireless subscribers, positioning Telesurf Wireless, ahead of any other VNP vendor in the country.

About Millicom
Millicom International Cellular S.A. is a global telecommunications investor with operations in Asia, Latin America, Russia and Africa. It currently has interests in 32 cellular operations in 21 countries of which 2 are not yet operational. The group’s cellular operations have a combined population under license (excluding Sweden) of approximately 465 million people. In addition, Millicom operates the largest GSM clearing house and also has a 29.6% interest in Societe Europeenne de Communication SA, an alternative provider of fixed line national and international long distance telephony services in Europe. For more information on Millicom, visit www.millicom.com.

About BreezeCOM
BreezeCOM is the leading provider of Broadband Wireless Access (BWA) solutions used by service providers and enterprises. Its products provide a wireless alternative to wired access solutions, such as DSL and cable modems, and facilitate indoor and outdoor, as well as fixed and mobile wireless LAN connectivity. BreezeCOM products are based on a packet switching point-to-multipoint wireless platform, optimized for high-speed Internet and intranet access. Core technologies include spread spectrum radio, digital signal processing, modems, networking protocols and VLSI. For more information on BreezeCOM, visit www.breezecom.com.

4
Jan

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 p...