RANCHO MIRAGE, CA, Nov. 5, 2014 /CNW/ -
Craig Wireless Systems Ltd. ("Craig Wireless" or the "Company") (TSX-V: CWG), is pleased to announce that its New Zealand-based subsidiary, Woosh Wireless (NZ) Limited ("Woosh") has successfully completed on-air testing of its new high-speed wireless technology.
General Manager of Operations at Woosh, Richard Fry, says the technology, when added to Woosh's new and existing towers, will deliver substantially better performance than what Woosh has available today. "It is expected customers will experience ADSL-like speeds which will enable a majority of customers to enjoy a seamless internet experience." The service will operate in the Woosh licensed 2.3 GHz spectrum. Rollout of the upgraded network is progressing across multiple locations within New Zealand. Woosh provides wireless broadband and calling services in New Zealand through its own independent wireless network, and fixed line broadband and landline services through wholesale partnerships. Craig Wireless presently holds a 75% interest in Woosh.
The Company is also pleased to announce that Craig Wireless Palm Springs Inc. has surpassed 1,000 subscribers on its Coachella Valley, California 4G network. The Director of Operations, Palm Springs Market, Justin Tiumalu indicated: "We are very pleased to have reached this important milestone." The Company's network in the Coachella Valley now provides coverage over many of the Coachella Valley cities including Palm Springs, Cathedral City, Rancho Mirage, Palm Desert and Indian Wells. Additional cities are expected to be added to the coverage area soon.
About Craig Wireless Systems Ltd.
Craig Wireless and its affiliates, including Woosh and Craig Wireless Palm Springs Inc. (collectively, the "CWS Group") offer a broad range of telecommunications services, including, broadband internet access, business connectivity solutions, hosting, security and telecommunications solutions. Through certain members of the CWS Group, Craig Wireless holds or leases licenses for spectrum in the 2.3 GHz, 2.5 GHz, 2.6 GHz or 3.5 GHz bands in New Zealand, Riverside County in Southern California, United States and in Greece. The CWS Group also has spectrum interests in Norway. Spectrum in these ranges is effective for delivery of point-to multipoint signals, possesses robust bandwidth capability and supports emerging 4G-based applications, including portable and mobile applications.
Notice on forward-looking statements:
This release includes forward-looking statements regarding the CWS Group and its business. Such statements are based on management's current expectations. The forward looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting the CWS Group and its business. Not to limit the generality of the foregoing, the forward-looking information set forth in this news release is subject to various risks and other factors including the following: availability of funding; the risks of conducting business in a foreign country; currency fluctuations; in addition to those risks enumerated under the heading "Risk Factors" in the Company's AIF, available on SEDAR at www.SEDAR.com. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Craig Wireless does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Craig Wireless Systems Ltd.
For further information: T. Boyd Craig, Chief Executive Officer and director, Craig Wireless Systems Ltd., phone: (760) 346-3282, email: [email protected]