Huawei Expands Strategic Partnership With LightPointe to Accelerate Global Momentum of Optical Wireless
SAN DIEGO and SHENZHEN, China, July 12 (ots/PRNewswire)
In the news release, "Huawei Expands Strategic Partnership With LightPointe to Accelerate Global Momentum of Optical Wireless" issued on 12 Jul 2004 01:00, by LIGHTPOINTE over PR Newswire, we are advised by a representative of the company that [6th graph, close to end of 1st sentence: Vodofone should be Vodafone. as originally issued inadvertently. Complete, corrected release follows:
- Agreement With China's Leading Telecom Equipment Company Now Covers China, Europe, Southeast Asia, Middle East, Africa, Russia, and Latin America
LightPointe, a designer and manufacturer of optical wireless products based on free-space optics (FSO) technology, and Huawei Technologies Co., Ltd., a leading global optical networking solution provider, today announced an expanded joint strategic partnership agreement. The deal accelerates the delivery of secure, reliable and high-speed optical wireless solutions to a broader base of service providers and enterprise customers worldwide.
Under the terms of the extended OEM agreement, Huawei will sell and market LightPointe Flight(TM) optical wireless products in Europe, Southeast Asia, Middle East, Africa, Russia, and Latin America as part of Huawei's OptiX(TM) product family. As the result of a similar agreement signed in September 2003, Huawei already has gained market traction with successful LightPointe installations at all tier-one service providers in China.
According to Lawrence B. Prior III, president and CEO of LightPointe, this expanded partnership will increase worldwide adoption of proven, scalable and cost-effective optical wireless products. "Huawei is a tier-one telecommunications equipment provider and a key player in China as well as throughout the rest of the world," he said. "We are extremely pleased to build upon our success in China while extending globally to reach new, high-growth markets."
LightPointe's optical wireless products provide high-bandwidth connectivity at a fraction of the cost of fiber-optic cable. The Flight family, which is license-free and immune from radio-frequency interference, is ideal for a range of applications, including LAN-to-LAN connectivity, network portability, network redundancy as well as mobile wireless backhaul for next-generation networks.
"FSO technology is a good complement to Huawei's optical networking solution," said Wu Chuan Wen, general director for Huawei's international optical networking sector. "Through the partnership with LightPointe, Huawei will provide another convenient, flexible solution to our carrier clients and corporate customers while satisfying their urgent network demands."
With a global installed base of more than 2,000 systems, LightPointe's products have been deployed by leading service providers such as, Vodafone, Telkom SA and Qwest. LightPointe's enterprise customers are among the world's best known brands, including AOL, BMW, Volkswagen, Nokia, IBM, DHL International, Sanyo, CNN and UAE University, Al Ain.
In February 2004, LightPointe secured USD$17 million in additional funding, bringing total capital and equity financing to USD$71 million. Rho Ventures and Huawei joined the latest round along with existing investors.
About Huawei Technologies
Incorporated in 1988 and headquartered in Shenzhen, China, Huawei Technologies specializes in the R&D, production and marketing of telecommunications equipment, providing customized network solutions in fixed, mobile, optical and data communications networks. Huawei is now a key player in China's telecom market and is quickly becoming an active participant in the global telecom market. Huawei focuses on such areas as WCDMA, CDMA2000, NGN, xDSL and data communications and, through its continuous investment and efforts, aims to become a global leading player in those areas. Currently Huawei has 22,000 employees and sales in 2003 reached $3.83 billion (US dollars). For more information, please visit http://www.huawei.com.
About LightPointe
LightPointe designs and manufactures high-speed optical wireless products based on free-space optics (FSO) technology for cost-effective "last mile" connectivity in enterprise and carrier networks. LightPointe products have been deployed in more than 60 countries, and the company is recognized worldwide for the highest standards of quality and service. To learn more, please visit www.lightpointe.com.
Web site: http://www.huawei.com Web site: http://www.lightpointe.com
Contact:
Jeff Bean of LightPointe, +1-858-643-5319, jbean@lightpointe.com; or
Sue Hetzel of HetzelMeade Communications, +1-760-434-9927,
sue@hetzelmeade.com