5G Wireless Signs With Crofos Networks to Supply Wi-Fi Solutions in Select Asian Markets8 June 2006
5G Wireless Communications, Inc. (OTCBB: FGWI), a leader in the wireless broadband industry, today announced it hassigned an Authorized Channel Partner agreement with Crofos Networks Co.,Ltd., a pioneer in providing complete IT and broadband solutions in theAsian market. 5G Wireless, through this strategic endeavor, will beproviding its new "cellular-style" wireless base stations and highperformance microcells to a wide variety of commercial and residentialclients in the key areas of South Korea, Bangladesh and Kazakhstan.
The new VAR (Value Added Reseller) arrangement allows 5G to establishpresence and pursue market share in these emerging markets. 5G Wirelessproducts and access point/RF hardware are currently under product testingand deployment at the Crofos facility in South Korea.
"Gaining entry into the South Korean market is just the first of manyintended 5G endeavors in Asia," says Benjamin Di Lello, Senior VicePresident of Sales and Marketing for 5G Wireless. "The country iswell-known for its economic growth in the manufacturing and exporting ofgoods, and most recently for its technological advancements in consumerelectronics and more. With the development of the 'new Internet,' (IPv6)initiative, there is a need for a reliable broadband wireless connectionnow more than ever, and 5G is proud to work with Crofos to offer a solutionto multiple communities."
Crofos Networks is a solution provider in both IP-telephony and datanetwork service. The company offers support for ISP/ITSP/CLEC/ILEC,enterprise customers, small and medium business, SOHO, and residentialusers. Crofos' offerings are targeted at a full range of IP-Telephony andData services and strive to offer profitable bundles of data, voice andmulti-media services such as Internet access, voice services, networkedapplications, managed networks, branch office internetworking, multimediaentertainment solutions, and more.
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"We are excited to be working with 5G Wireless to bring complete broadbandwireless solutions to Asia," says Mr.YM Kim, President of Crofos NetworksCo., Ltd. "Our commitment to customer satisfaction and reliable, stableservices coupled with 5G's expertise in Wi-Fi design and infrastructurewill promote and facilitate improved network environments for enterprisecustomers, residents and more."
About 5G Wireless Communications, Inc.
5G Wireless Communications, Inc. is a wireless systems infrastructurecompany with technology that is based upon innovative signal processing andantenna design. This network architecture is based on standard IEEE802.11b/g Wi-Fi equipment. The 5G Wi-Fi Hotzones™ function throughmacro-cell base stations deployed from tall towers and the tops of tallbuildings, while dead spots are filled in with smaller micro-cellsfollowing the proven deployment strategy used today by the cellularcarriers. This type of structural design allows for a well-tailoredcombination of cells resulting in the ability to add higher capacity whereand when needed. 5G Wireless Base Stations have the advantage of multipleusage and varying functionalities for both the private and public sectors,including governance and administration for government departments,security and intelligence purposes, and educational uses, as well as forthe management of data by businesses and companies. The company is locatedin Marina del Rey, CA. For additional information call 800.916.1611 orvisit http://5gwireless.com/.
Certain statements in this news release may contain forward-lookinginformation within the meaning of Rule 175 under the Securities Act of 1933and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject tothe safe harbor created by those rules. All statements, other thanstatements of fact, included in this release, including, withoutlimitation, statements regarding potential future plans and objectives ofthe company, are forward-looking statements that involve risks anduncertainties. There can be no assurance that such statements will prove tobe accurate and actual results and future events could differ materiallyfrom those anticipated in such statements. Technical complications mayarise which could prevent the prompt implementation of any strategicallysignificant plan(s) outlined above. The company cautions that theseforward looking statements are further qualified by other factorsincluding, but not limited to, those set forth in the company's Form 10-Kfiling and other filings with the United States Securities and ExchangeCommission. The company undertakes no obligation to publicly update orrevise any statements in this release, whether as a result of newinformation, future events or otherwise. All product or service namesmentioned herein are the trademarks of their respective owners.
Contact:Jackie LacambraTERPIN COMMUNICATIONS(310) 821-6100 x108jackie@terpin.com
SOURCE: 5G Wireless Communications, Inc.
Source: marketwire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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