OTTAWA, CANADA--(Marketwired - Oct. 22, 2014) - DragonWave® Inc. (TSX:DWI)(NASDAQ:DRWI) a leading global supplier of packet microwave radio systems for mobile and access networks, today announced it has received follow on purchase orders for Horizon Compact+ from a major Indian Telecom and Broadband Service Provider.
"We are pleased to have received additional orders from this key Indian customer to further build out their 4G Network," said DragonWave President and CEO Peter Allen. "India is a very important market and our solutions are ideally placed to deliver cost effective capacity for operators who are modernizing their networks to deliver 4G services."
DragonWave Horizon Compact+ uniquely offers a combination of 2048 QAM modulation, together with the industry's only bandwidth accelerator bulk compression capability, to deliver unsurpassed spectral efficiency. After extensive customer testing DragonWave's Horizon Compact+ it was determined that it was an excellent fit to build a high capacity backbone to support a leading 4G network.
About DragonWave
DragonWave® is a leading provider of high-capacity packet microwave solutions that drive next-generation IP networks. DragonWave's carrier-grade point-to-point packet microwave systems transmit broadband voice, video and data, enabling service providers, government agencies, enterprises and other organizations to meet their increasing bandwidth requirements rapidly and affordably. The principal application of DragonWave's portfolio is wireless network backhaul, including a range of products ideally suited to support the emergence of underlying small cell networks. Additional solutions include leased line replacement, last mile fiber extension and enterprise networks. DragonWave's corporate headquarters is located in Ottawa, Ontario, with sales locations in Europe, Asia, the Middle East and North America. For more information, visit www.dragonwaveinc.com .
DragonWave®, Horizon® and Avenue® are registered trademarks of DragonWave Inc.
Forward-Looking Statements
Certain statements in this release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include statements as to DragonWave's growth opportunities and the potential benefits of, and demand for, DragonWave's products. These statements are subject to certain assumptions, risks and uncertainties, including our view of the relative position of DragonWave's products compared to competitive offerings in the industry. Readers are cautioned not to place undue reliance on such statements. DragonWave's actual results, performance, achievements and developments may differ materially from the results, performance, achievements or developments expressed or implied by such statements. Risk factors that may cause the actual results, performance, achievements or developments of DragonWave to differ materially from the results, performance, achievements or developments expressed or implied by such statements can be found in the public documents filed by DragonWave with U.S. and Canadian securities regulatory authorities. DragonWave assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.
