MONTREAL, Jan. 21 /CNW Telbec/ - Mitec Telecom Inc. ("Mitec") (TSX: MTM), a leading designer and manufacturer of mobile wireless, fixed wireless, broadcast and satellite components has been selected as the lead supplier for its flexible waveguide solution for one of the world's largest telecom equipment providers. Flexible waveguides are used to connect radios to antennae. The specific application in this supply agreement involves point-to-point radios and is expected to generate $2 million in orders over the next twelve months.
Mitec's flexible waveguide solution has been a staple product for many years because of its innovative design and reliability. "Although we have been supplying flexible waveguides to various customers over the years, this is a new win for us with one of the world's largest and fastest growing telecom suppliers in the point-to-point market. We are very pleased that this customer continues to provide us with significant opportunities to supply them with various components in our product portfolio", said Dan Piergentili, Mitec's President and CEO. "It is also further evidence that our strategy to focus on fixed wireless and point-to-point opportunities is a viable and sustainable growth opportunity".
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 is listed on the Toronto Stock Exchange under the symbol MTM. On-line information about Mitec is available at www.mitectelecom.com.
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. 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.
SOURCE Mitec Telecom Inc.
For further information: For further information: Mr. Jeffrey Mandel, Executive Chairman and Director, Investor and Corporate Relations, (514) 694-9000, firstname.lastname@example.org; Source: Mitec Telecom Inc.