WAL wavenet international limited

more orders

  1. 5,549 Posts.
    Sydney - Monday - February 28: (RWE Australian Business News) -
    Wavenet International Ltd today announced it had received its largest
    single order to date, worth $1.8 million.
    The order for BM3 wireless modems is from Velocita Wireless
    (formerly Cingular Wireless), the Mobitex Operator in the US.
    Deliveries are scheduled for the 2005 financial year with a
    significant portion of the order going to support the growing automatic
    vehicle location market.
    "We are extremely pleased by the ongoing business from Velocita
    Wireless, who we see as a key strategic partner in engaging wireless
    customers in the USA.
    "This order underpins our status as one of the leading suppliers
    of wireless modems and provides a solid foundation for our expansion
    into other markets going forward," said Wavenet CEO Mr Steve Metlitzky.
    Shares in Wavenet were untraded at 17c today.
    ENDS
 
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