News Release Details

Wi-LAN's Twelve-Month Unaudited Broadband Wireless Revenue Shows 144% Growth Over Prior Year

11/09/2000


Fourth Quarter Achievements Build Sales Ramp for Future Growth

Calgary, Alberta
November 9, 2000

Wi-LAN Inc. (TSE:WIN), a leading innovator in wireless data/Internet communications, announced unaudited preliminary broadband wireless revenue, without revenue from US subsidiaries, for the three months ended October 31, 2000 of $5.2 million, approximately 3.7 times fourth quarter revenues of $1.4 million in 1999. Wi-LAN's 2000 twelve-month unaudited broadband wireless revenue excluding US subsidiaries was $14.4 million, approximately 2.4 times product revenues of $5.9 million for the 1999 fiscal year.

"We are very pleased with our results for the year ended October 31, 2000," said Hatim Zaghloul, Wi-LAN CEO and Chairman. "Our fourth quarter revenues exceeded our guidance from last quarter by twenty-four percent as a direct result of successes achieved in all areas of our business, from increased product sales to our business development initiatives."

"During the fourth quarter of 2000, we achieved significant operational milestones beginning with the receipt of the first ASIC chip incorporating the company's patented W-OFDM technology followed by significant supply contracts with AIR2LAN and WDSL, and a joint marketing agreement with Ericsson Canada," said Bill Hews, President and COO, "These successes combined with our increased revenue figures demonstrate the company's momentum going forward."

Wi-LAN's fourth quarter achievements include:

Delivery from Philips Semiconductors of the world's first ASIC chip using Wi-LAN's patented W-OFDM technology. With a high-speed rate of 45 megabits per second (Mbps), this is the first wireless two-way OFDM chip providing high-speed communications greater than two megabits per second. The W-OFDM ASIC chip compresses the components of the engine that powers Wi-LAN's new W-OFDM-based I.WiLL product line of broadband wireless access products into a single chip, allowing Wi-LAN to reduce its W-OFDM engine costs by more than 70 percent. 

Announcement of an 18-month supply agreement with Northwest Telephone Inc., a full service telecommunication service provider that is developing, testing and deploying a high-speed wireless broadband network in central Washington state. Under terms of the agreement, valued at US$1.75 million, Wi-LAN will provide its 4.5 Mbps and 12 Mbps 2.4GHz Hopper Plus(tm) wireless Ethernet bridges. Northwest Telephone will then incorporate products from Wi-LAN's I.WiLL(tm) product line, incorporating its W-OFDM technology. 

Announcement of an agreement with Ericsson Canada Inc. to pursue joint marketing opportunities in Canada for projects that incorporate Wi-LAN's fixed wireless broadband products within Ericsson's end-to-end offering. The joint efforts will focus on contracts for Multipoint Communications Systems (MCS) in the 2.5 GHz range.

Announcement of a three-year supply agreement with AIR2LAN Inc., a high-speed broadband Internet Service Provider, following successful trials in Jackson, Mississippi. Under terms of the agreement, which has a total projected value of US$13.5 million over three years, Wi-LAN will supply its high-speed Hopper Plus wireless Ethernet bridges and I.WiLL System to deploy the second phase of a nationwide broadband network. 

Announcement of a three-year $6 million supply agreement with Toronto-based WDSL Inc., a developer of wireless networking solutions for the business-to-business marketplace. Under terms of the agreement, WDSL will initially use Wi-LAN's 12 Mbps Hopper Plus wireless Ethernet bridges and will then incorporate products from Wi-LAN's I.WiLL product line to improve its existing high-speed network architecture, and to help expand its network reach.

Commencement of shipments to customers of Wi-LAN's new 12 Mbps Hopper Plus 120-24 wireless Ethernet bridge, delivering some of the highest effective data rates and the lowest cost per megabit in the industry.

All financial information in this document is reported in Canadian dollars, unless otherwise indicated.  

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