News Release Details

Wi-LAN Comments on Recent Market Activity

11/07/2000


Calgary, Alberta
November 7, 2000

Wi-LAN Inc. (TSE:WIN), an innovator of high-speed wireless data/Internet communications, announced that due to recent market activity, the company's management is commenting on the Government of Alberta (GOA) SUPERNET Initiative, the status of 4G Network Technologies Inc., and recent OFDM Forum activities.

Government of Alberta SUPERNET Initiative:
Last week, the Government of Alberta announced it is moving ahead to contract a consortium of leading global and technology companies headed by Bell Canada companies to build and implement a high-speed broadband Internet network that will connect the province's communities, leading institutions, hospital facilities, and libraries.

Wi-LAN is supplying the wireless solution in this network due to its ability to extend cost effective high-speed connectivity to underserved Alberta locations.The company's suite of products will extend off the large fibre backbone to furnish the wireless component of the proposed project. Wi-LAN's solution will also help to overcome many of the geographical hurdles present in reaching some of the remote, rural communities within Alberta. Wi-LAN's solutions were chosen because of their high speed, cost-effectiveness and quick deployment capabilities. Bell has stated the network investment is $300 million; the GOA's SUPERNET website states that 5 percent of the network is planned to be wireless (www.gov.ab.ca/is/supernet/faq5.html).

"This high-speed broadband Internet network is the launch-pad for Wi-LAN's network reach in 2001," said David Bocking vice president Canadian sales. "An open fibre network allows internet service providers and entire communities to jump on board. This is an excellent opportunity for Wi-LAN to extend its product into even more regions around the province and serves as a model for the rest of Canada."

4G Network Technologies (4GNT):
Wi-LAN announced a supply agreement with 4G Network Technologies "a developmental stage company created to deploy an advanced wireless broadband network" as per Wi-LAN's press release of June 7, 2000. 4GNT will use Wi-LAN's I.WiLL System and Hopper Plus(tm) products to construct a national US and international broadband wireless network.

To date it has been business as usual with 4GNT. Wi-LAN shipped over three quarters of a million dollars worth of product to 4GNT in the 12 months ended October 31.

Regarding the timing of 4GNT's financing, Wi-LAN continues to monitor creditworthiness as it does all of its customers. Wi-LAN earned its ownership in 4GNT through product development activities that were already planned. Wi-LAN did not invest cash to acquire ownership in 4GNT. Wi-LAN's press release of the supply agreement on June 7 was in line with proper disclosure requirements reporting from the original contract.

"To date, 4GNT has secured adequate financing to meet its original delivery schedule," said Hatim Zaghloul Wi-LAN chairman and CEO. " As with any customer we are pleased to be working with those deploying their networks and paying on time."

OFDM Forum:
Following its meeting held in Tampa, FL last week, the OFDM Forum, an association organized to promote a single OFDM technology-based standard around the world, announced that its Fixed Wireless Access Working Group has submitted a physical layer proposal using orthogonal frequency division multiplexing (OFDM) technology, which will be presented to the Institute of Electrical and Electronics Engineers (IEEE)'s 802.16.3 subcommittee at the IEEE's meetings later this week.The proposal was prepared and is endorsed by representatives from the following companies: Alcatel, Ericsson, 4G Network Technologies, Intersil, IoWave Inc., Ishoni Networks Ltd., nBand Communications, Nokia, Pacific Broadband Communications, Sasken Communication Technologies (formerly Silicon Automation Systems), Solectek Corporation, SiWorks, TIL-TEK Antennas, and Wi-LAN.

By working together, these companies have demonstrated the importance of OFDM technology to the future of the high-speed wireless industry as well as the industry's commitment to establishing a standard that will enable reduced costs to implement, manufacture, and sell wireless products for the consumer market.The alternative would be a proposal submission from Wi-LAN without industry support. Wi-LAN applauds the OFDM Forum's drive to create global OFDM-based standards. The current proposal to the IEEE 802.16.3 is a variation of the IEEE 802.11a; a standard which is, in Wi-LAN's view, based on W-OFDM technology.

Regarding Forum activities and potential opportunities for Wi-LAN, the company believes the September 27 agreement with a major OFDM Forum member is a direct result of the professional relationships established as a result of participation in the Forum.

Other Recent Events:
Wi-LAN would like to clarify its position in today's Globe and Mail article, regarding the company's $94 share price in March.Dr. Hatim Zaghloul was asked to describe how he felt about the share price and its effect on his personal wealth at the time. He remarked that the increase in share price in March was not in direct response to company press releases and hence could not have reflected company performance, but rather the increase was part of the upward momentum of the overall market. 

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.

Disclaimer

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