|By Business Wire||
|November 13, 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 Zimbabwean wireless broadband provider, uMAX, an operating division of Dandemutande Investments Ltd., completed the deployment of its wireless broadband network based on Alvarion’s 4Motion® 802.16e solution throughout the capital city of Harare. Now serving a few thousand household residents and business users, and with growing brand recognition of its blue giraffe logo, uMax’s network is Zimbabwe’s first 4G network delivering high-speed wireless broadband services to households and small businesses in the 2.5 GHz frequency. The deployment is valued at over $1 million.
“Alvarion’s 4Motion solution enabled us to deploy a scalable, field-proven solution that makes it possible to deliver a unique broadband customer experience to the residents of Harare, one that is in line with our company goals and enjoyable brand,” commented Colin Franco, Chief Technical Officer of Dandemutande. “We believe that there is a significant opportunity in the Zimbabwean market for a high quality broadband service provider and are confident that with our state-of-the-art network we can deliver the kind of customer experience that will pave the way for ongoing growth and profitability of our business.”
uMAX deployed Alvarion’s industry-leading 4Motion solution to deliver multiple services such as VoIP, video-streaming and high-speed Internet access. Alvarion’s end-to-end wireless broadband solution – comprised of core networking, RAN and CPE portfolios, all managed by AlvariStar, Alvarion’s network management system – is designed to supply customers with advanced broadband services at super-fast connections.
“uMAX’s point of difference in the market is premised on its superior broadband experience delivered by our solution and we are excited to have been part of its success to date,” said Hezi Lapid, President and CEO of Alvarion. “Alvarion continues to reinforce its leadership position in the wireless broadband market in Africa by offering the latest wireless broadband technology solutions that best fit this market. Our continued success underscores the extent of our expertise and our ability to help our customers stay ahead of the competition in challenging, competitive environments.”
In 2013, Dandemutande plans to expand its uMAX network beyond the capital to other cities in Zimbabwe.
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uMAX is Zimbabwe’s newest Broadband Internet service provider, having launched in June 2012 as a division of Dandemutande Investments (Pty) Limited, offering unrivalled connection quality, true broadband speeds and unbeatable service for households and small businesses. uMAX offers an exceptional and very different Broadband Internet customer experience. This includes super-fast 1Mbps connections for all customers; 24 hour customer services; an expertly managed network for maximum up-time and superior and consistent quality; and multiple “MAX mini-stores” within some of Harare’s leading retail stores and brands. For more information, please visit: www.umax.co.zw
About Dandemutande Investments (Pty) Ltd
Dandemutande is a wholly-Zimbabwean owned private company established in July 1997 focusing on the provision of Internet services to the wholesale, corporate and retail segments of Zimbabwe through two business units, Utande and uMAX. Dandemutande was awarded an IAP license in July 2009 by the Zimbabwean regulator, POTRAZ. Dandemutande also operates a Tier 3 data centre and Zimbabwe’s first Cloud Computing centre. For more information, please visit: www.dandemutande.co.zw
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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