News Release Details

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


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.  

With our Interactive Analyst Center (IAC), historical financial data, both quarterly and annual, is available in an easy to access spreadsheet format. View and export our financial statements, non-GAAP reconciliations as well as share information.


Please note that you are now entering a website directly or indirectly maintained by a third party (the "External Site") and that you do so at your own risk.

Wi-LAN Inc. and its affiliates (“WIN”) have no control over the External Site, any data or other content contained therein or any additional linked websites. The link to the External Site is provided for convenience purposes only.

By clicking “Accept” you acknowledge and agree that neither WIN nor third party provider Virtua Research, Inc. (“Virtua) is responsible, or accepts or assumes any responsibility or liability whatsoever for, the content, the data or the technical operation of the Linked Site. Further, by entering the External Site, you also acknowledge and agree that you completely and irrevocably waive any and all rights and claims against WIN and Virtua and further acknowledge and agree that in no event shall WIN or Virtua, or their respective officers, employees, directors and agents be liable for any (i) indirect, consequential, incidental, special, compensatory or punitive damages, (ii) damages for loss of income, loss of business profits, business interruption, loss of data or business information, loss of or damage to property, (iii) claims of third parties, or (iv) other pecuniary loss, arising out of or related to the Legal Notice, this disclaimer or the External Site

By entering the External Site, you further acknowledge and agree that the disclaimer of warranties and limitations of liability set out in this disclaimer shall apply regardless of the causes, circumstances or form of action giving rise to the loss, damage, claim or liability, even if such loss, damage, claim or liability is based upon breach of contract (including, without limitation, a claim of fundamental breach or breach of a fundamental term), tort (including, without limitation, negligence), strict liability or any other legal or equitable theory, and even if WIN and Virtua are advised of the possibility of the loss, damage, claim or liability. The waiver and release specifically includes, without limitation, any and all rights and claims pertaining to the processing of personal data, including but not limited to any rights under any applicable data protection statute(s).

If in any jurisdiction, any part of this disclaimer is held to be unenforceable by a court of competent jurisdiction, such part of this disclaimer shall be restricted or eliminated to the minimum extent and the remaining disclaimer shall otherwise remain in full force and effect.

Please note the information presented is deemed representative at the time of its original release. Changes in historical information may occur due to adjustments in accounting and reporting standards & procedures.

Non-GAAP Information

In addition to disclosing results determined in accordance with GAAP, WIN may also disclose certain non-GAAP and pro forma non-GAAP results of operations, including certain ratios, operational and miscellaneous data, as well as net income, diluted earnings per share, operating expenses, and operating income that make certain adjustments or exclude certain charges and gains that are outlined in the schedules included in this website. Management believes that this non-GAAP and pro forma non-GAAP information provides investors with additional information to assess WIN operating performance by making certain adjustments or excluding costs or gains and assists investors in comparing WIN's operating performance to prior periods. Management uses this non-GAAP and pro forma non-GAAP information, along with GAAP information, in evaluating its historical operating performance. WIN and Virtua also take no responsibility for third party pricing data provided for informational purposes and certain ratio results formulated from the provided third party pricing data.

The non-GAAP information is not prepared in accordance with GAAP and may not be comparable to non-GAAP information used by other companies. The non-GAAP information should not be viewed as a substitute for, or superior to, other data prepared in accordance with GAAP.

Decline Agree

Copyright © . All rights reserved. Q4 Web Systems