• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Unity Wireless Signs Three Year Master Supply Agreement With North American-Based Tier-1 OEM Customer -- Expected Revenue to Exceed US$3.5 Million for the First Product in the Agreement's Initial 12 Month Period

Posted on: Thursday, 15 December 2005, 09:00 CST

Unity Wireless Corporation (OTC BB: UTYW), a developer of integrated wireless subsystems, power amplifiers and coverage enhancement solutions, today announced that it has signed a Master Supply Agreement with a North American-based Tier-1 OEM (original equipment manufacturer). The agreement covers delivery, pricing, warranty and other commercial details for power amplifiers that the customer may buy from Unity Wireless over the next three years.

Based on the customer's production forecast, Unity Wireless expects revenue under the agreement to exceed US$3.5 million for the first product expected to be shipped in volume over the agreement's initial 12-month period. The customer's forecast is based on its initial deployment of systems for sales it has made in several European markets.

Ilan Kenig, President and CEO of Unity Wireless, commented, "This Master Supply Agreement is the result of a close partnership we developed with this customer over several years. We are delighted to have reached this significant milestone as it reflects substantial investment by both sides for engineering and product development. We look forward to expanding our relationship if this customer secures sales in additional territories and for different product configurations."

Rick Byrd, Senior Director of Business Development at Unity Wireless, said, "The customer's production forecast for its initial European sales demonstrates that even initial deployments can generate considerable revenue opportunities for us. This agreement, and its expected initial revenue, also demonstrate the benefit of highly integrating our products into a customer's systems -- so that when they win significant business -- so can we."

About Unity Wireless www.unitywireless.com

Unity Wireless is an ISO 9001:2000 certified developer of RF (radio frequency) power amplifiers, components, integrated front-ends and coverage enhancement solutions for wireless communications networks. Our products are an integral part of the base station and repeater infrastructure that comprise the backbone of wireless communications networks around the world. From analog cellular to 3G mobile and fixed wireless applications from 450 MHz to 3.5 GHz, Unity Wireless products deliver enhanced efficiency and performance with field-proven quality and reliability in tens of thousands of base stations and repeaters around the world.

Forward-Looking Statements

Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "believe,""expect,""feel,""plan,""anticipate,""should" and other similar expressions generally identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. These forward-looking statements are subject to a number of risks and uncertainties, including without limitation, inability to raise the funds necessary for the Company's continued operations, changes in external market factors including the economy and other risks and uncertainties indicated in the Company's most recent SEC filing on form SB-2. Actual results could differ materially from the results referred to in the forward-looking statements.

 Unity Wireless Contacts:  Dallas Pretty CFO - Unity Wireless (604) 267-2736 dallasp@unitywireless.com  Mike Mulshine Osprey Partners (732) 292-0982 osprey57@optonline.net

SOURCE: Unity Wireless Corp

Source: MARKET WIRE

More News in this Category