MONTREAL, July 7 /CNW Telbec/ - Mitec Telecom Inc. ("Mitec") (TSX: MTM), a leading designer and manufacturer of mobile wireless, fixed wireless, broadcast and satellite components announced today that it has received an initial order for one of its innovative coverage solution products. The customer, a Canadian telecom company, is new to Mitec and the equipment will be delivered in the first fiscal quarter, the period ending July 31, 2010.
The Mitec solution enables a 3G overlay onto an existing 2G network and is the first part of a major network deployment that is anticipated to generate additional orders. 3G is able to deliver data capability similar to cable and DSL. 3G networks enable an operator to reduce operational costs while allowing delivery of next generation services at a lower cost per bit then present network architectures. "As operators across the globe continue to rollout 3G services, we expect the demand for this type of equipment to drive our coverage solutions product line", said Dan Piergentili, Mitec's President and CEO. Mitec is in trials with other operators in North America with similar equipment and expects continued traction with these products.
"The appeal of this technology is easy to demonstrate to our growing customer base in this area, since we combine existing 2G base station equipment, including antennas and feeder cables already in place with our technology to generate a hybrid solution that provides the network upgrade their customers demand", said Piergentili. Operators face various obstacles, including cost, delivery and structural issues when assessing 3G network overlays with their existing tower infrastructures. Mitec's solutions help these operators around these issues while preserving network coverage capabilities, creating a solution which relieves the major aspects of upgrades such as load constraints, tower leasing and attachment costs. The product involved was designed and will be built at Mitec's Suzhou, China facility.
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, Tel.: (514) 694-9000, firstname.lastname@example.org; Source: Mitec Telecom Inc.