DragonWave Inc.

DragonWave Inc.

January 15, 2008 05:28 ET

DragonWave's Wireless Ethernet Solutions Now Approved for Distribution in Russia

OTTAWA, CANADA--(Marketwire - Jan. 15, 2008) - DragonWave Inc. ("DragonWave") (TSX:DWI)(AIM:DWI) a leading global supplier of next-generation wireless networks, today announced its AirPair Wireless Ethernet radio product has been approved by Russia's Ministry of Communications for use throughout Russia.

Cedicom of Russia, a leader in the telecommunication market in Russia and the CIS countries will offer DragonWave's AirPair Wireless Ethernet solutions of point-to-point microwave radios designed for IP and carrier networks. The approval of DragonWave's AirPair product will strengthen Cedicom's portfolio and allow DragonWave to significantly extend its market reach in the Russian market. AirPair products help service providers, enterprises and governments rapidly introduce reliable, broadband access networks where fiber-optic or copper-line connectivity is either unavailable or impracticable.

"Russia is seen by many industry experts as a significant growth market for Broadband wireless," said Peter Allen, President and CEO of DragonWave. "Global expansion has been a central element of this company's business plan, so with a strong distribution channel in place and the next-generation AirPair radio now approved for deployment, DragonWave is committed to expanding its presence in this market."

"The combination of scalability, ultra-low latency and the ease and speed with which it can be deployed make AirPair ideal for the rapidly expanding Russian market," commented Sergey Portnoy, Cedicom Chairman. "We foresee great interest from service providers across Russia as they scale to meet growing customer demand."

DragonWave's Horizon and AirPair products operate within both licensed and unlicensed radio frequencies in the 11-to-38-GHz range, ensuring interference-free performance for customers' traffic. DragonWave product solutions provide scalable, ultra-low latency, wire-speed native Ethernet connectivity up to 800 Mbps full duplex. The systems are extremely easy to deploy and manage, with a full suite of network management options. DragonWave has indoor and outdoor deployment options, and is a highly reliable platform enabling 99.999% service availability.

About DragonWave

DragonWave™ is a leading provider of high-capacity wireless Ethernet equipment used in emerging IP networks. DragonWave designs, develops, and markets carrier-grade microwave radio frequency networking equipment that wirelessly transmit broadband voice, video and other data. DragonWave's wireless Ethernet products, which are based on a native Ethernet platform, function as a wireless extension to an existing fibre-optic core telecommunications network. The principal application for DragonWave's products is the backhaul function in a wireless communications network. Additional applications for DragonWave's products include point-to-point transport in private networks, including municipal and enterprise networks. DragonWave's corporate headquarters is located in Ottawa, Ontario, with sales locations in Europe, Middle East and North America. The company's Web site is http://www.dragonwaveinc.com.

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