|By Business Wire||
|November 14, 2012 02:00 AM EST||
Alvarion® Ltd. (NASDAQ: ALVR), a global provider of optimized wireless broadband solutions addressing the connectivity, coverage and capacity challenges of public and private networks, announced today that Internet Technologies Group (ITG) of Africa has chosen Alvarion to provide the wireless broadband connectivity for three of its subsidiary groups; ITA (Internet Technologies Angola), ITN (Internet Technologies Namibia), ITZ (Internet Technologies Zambia). The three projects combined are valued at approximately $2 million.
With a significant presence throughout Africa, delivering a variety of products and services across 14 African countries, ITG’s mission is to provide state-of-the-art solutions to their business and corporate customers whose demand for data connectivity has increased rapidly. Alvarion helped ITG tailor a wireless broadband solution to match the needs of its local customers in Angola, Namibia and Zambia.
“Working with Alvarion on these three projects, we see their strength and professionalism coming from many years of field experience in Africa,” said Barney Harmse, CEO of the ITG Group. “Within a short time frame, we were able to install a complete network covering the entire capital of Namibia and we are looking forward to the Angola and Zambia projects that will be sure to follow with the same attention to service and high commitment level.”
ITA, Internet Technologies Angola, is migrating the current network from FDD to TDD technology. Alvarion’s 4Motion solution in the 3.5 GHz frequency has been selected as the technology of choice to upgrade this network to an 802.16e network that is TD-LTE ready. This solution will be installed around the capital city Luanda, as well as in Lobito, Benguela and Lubango, and will provide reliable Internet connectivity to SOHO (Small Office/Home Office) and business customers.
ITN, Internet Technologies Namibia, deployed Alvarion’s 4Motion® solution in the 2.5 GHz frequency covering the entire capital city of Windhoek, Oshakati, and Walvis Bay, Namibia’s largest commercial port city, with high speed Internet and data services. ITN disassembled an older version of an 802.16d network and upgraded the entire network with updated technology, Alvarion’s 4Motion 802.16e solution.
ITZ, Internet Technologies Zambia, will deploy Alvarion’s BreezeCOMPACT solution in the 3.5 GHz frequency. This state-of-the-art solution will deliver data and Internet services to business and residents in the capital city Lusaka as well as in the second and third largest cities in Zambia, Ndola and Kitwe. With LTE Advanced ready technology, the BreezeCOMPACT will be able to serve the growing bandwidth needs of Lusaka’s business and industry.
“As Africa’s leading provider of wireless broadband solutions, we are pleased to be able to deliver all solutions for ITG’s three major projects across Africa,” stated Hezi Lapid, President and CEO of Alvarion. “Alvarion’s multi-technology portfolio will provide each city with the appropriate technological elements to fit the growth and profitability requirements of its business and people.”
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ITG is a leading telecommunications operator in Southern Africa. ITG also subscribes to various undersea cables that connect to Points of Presence in the UK, France and Portugal. In SADC their focus for backhaul is on fiber and VSAT. Furthermore, ITG delivers a comprehensive range of products and services into 14 African countries. ITG employs almost 170 highly skilled staff in Africa.
Alvarion Ltd. (NASDAQ:ALVR) provides optimized wireless broadband solutions addressing the connectivity, coverage and capacity challenges of telecom operators, smart cities, security, and enterprise customers. Our innovative solutions are based on multiple technologies across licensed and unlicensed spectrums. (www.alvarion.com)
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of Alvarion’s management and are subject to various factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: our failure to fully implement our 2012 turnaround plan, our inability to reallocate our resources and rationalize our business in a more efficient manner, potential impact on our business of the current global macro-economic uncertainties, the inability of our customers to obtain credit to purchase our products as a result of global credit market conditions, the failure to fund projects under the U.S. broadband stimulus program, continued delays in 4G license allocation in certain countries; the failure of the products for the 4G market to develop as anticipated; our inability to capture market share in the expected growth of the 4G market as anticipated, due to, among other things, competitive reasons or failure to execute in our sales, marketing or manufacturing objectives; the failure of our strategic initiatives to enable us to more effectively capitalize on market opportunities as anticipated; delays in the receipt of orders from customers and in the delivery by us of such orders; our failure to fully and effectively integrate the business and technology of Wavion Inc., acquired by us in November 2011, into our products and realize the expected synergies from the acquisition; the failure of the markets for our (including Wavion's) products to grow as anticipated; our inability to further identify, develop and achieve success for new products, services and technologies; increased competition and its effect on pricing, spending, third-party relationships and revenues; our inability to establish and maintain relationships with commerce, advertising, marketing, and technology providers; our inability to comply with covenants included in our financing agreements; our inability to raise sufficient funds to continue our operations, either through equity issuances or asset sales; and other risks detailed from time to time in the Company’s annual reports on Form 20-F as well as in other filings with the U.S. Securities and Exchange Commission.
Information set forth in this press release pertaining to third parties has not been independently verified by Alvarion and is based solely on publicly available information or on information provided to Alvarion by such third parties for inclusion in this press release. The web sites appearing in this press release are not and will not be included or incorporated by reference in any filing made by Alvarion with the U.S. Securities and Exchange Commission, which this press release will be a part of.
You may request Alvarion's future press releases by contacting Sivan Farfuri, [email protected] or +972.3.767.4333. Please see the Investor section of the Alvarion website for more information: http://www.alvarion.com/investors.
Alvarion®, its logo and certain names, product and service names referenced herein are either registered trademarks, trademarks, trade names or service marks of Alvarion Ltd. in certain jurisdictions. All other names are or may be the trademarks of their respective owners.
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