MONTREAL, Jan. 7 /CNW Telbec/ - Mitec Telecom Inc. ("Mitec") (TSX: MTM),
a leading designer and manufacturer of mobile wireless, fixed wireless,
broadcast and satellite components, today announced that it has received the
first purchase agreement for fixed wireless components from a new customer and
leading telecom provider. This is related to a general supply agreement that
the company announced in November 2008. It is the first in a series of
agreements that Mitec expects to receive from this customer over a long-term
"This customer is one of the industry's largest point-to-point telecom
providers. The relationship we have established with them gives Mitec the
opportunity to plan additional capacity with the confidence that minimum
volumes will be realized. The fact that they have chosen us to supply these
fixed wireless components is a testament to both our technology and
manufacturing capability," said Mitec CEO Dan Piergentili.
"Fixed wireless" refers to a point-to-point direct wireless network
connection between permanent antennas. Point-to-point solutions are the
predominant method for linking unwired cellular sites in emerging markets such
as Africa, Asia and South America. They allow operators to provide faster and
cheaper mobile coverage across larger areas.
The components will be developed in early 2009 at Mitec's recently
expanded manufacturing facility in Suzhou, China, with volume deliveries
Please note: Due to confidentiality provisions, Mitec is generally not
able to disclose the names of its major customers or the financial data
related to sales transactions.
About Mitec Telecom Inc.
Mitec is a leading designer and provider of radio frequency (RF) products
for the telecommunications and satellite communications industries, as well as
a variety of other sectors. Mitec sells its products worldwide to network
providers for incorporation into high-performing wireless networks used in
voice and data/internet communications. Headquartered in Montreal, Canada,
Mitec also operates facilities in California and China. Mitec Telecom Inc. is
listed on the Toronto Stock Exchange under the symbol MTM. On-line information
about Mitec is available at www.mitectelecom.com.
Certain statements in this release, including statements regarding future
results and performance, are forward-looking statements based on current
expectations. The accuracy of such statements is subject to a number of risks,
uncertainties and assumptions that may cause actual results to differ
materially from those projected, including, but not limited to, the effect of
general economic conditions, decreases in demand for Mitec's products,
fluctuations in selling prices and adverse changes in general market and
industry conditions and other factors listed in Mitec's public filings with
the appropriate securities regulatory authorities.
For further information:
For further information: Mr. Jeffrey Mandel, Director, Investor and
Corporate Relations, (514) 694-9000, firstname.lastname@example.org; Source:
Mitec Telecom Inc.