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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.
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
ots Originaltext: LIGHTPOINTE
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