Advantech Advanced Microwave Technologies Inc.

Advantech Advanced Microwave Technologies Inc.

July 22, 2009 08:50 ET

Advantech Wireless Broadband Wins US$14 Million Contract From a Leading Latin American Telecommunications Service Provider

Advantech Wireless Broadband has been awarded a multi million contract to provide satellite telecommunication equipment and services

MONTREAL, QUEBEC--(Marketwire - July 22, 2009) - Advantech Advanced Microwave Technologies Inc. ("Advantech Wireless Broadband"), a Quebec based corporation announced today that it was awarded a multi million dollar contract to provide a new VSAT satellite communications network to a leading Latin American telecommunications service provider. For the initial phase of the program the value of the contract is in excess of US $14M; with a potential additional deliverables of over US$23M. This will bring the total amount of the contract value to more than US$37M.

This state-of-the-art telecommunication system will include a fully integrated redundant satellite gateway communications equipment to be provided and installed for the existing satellite network at the customer's teleport. The award also includes 3,200 remote stations known as Very Small Aperture Terminals (VSAT). This telecommunication satellite system is designed for the transmission of Internet, voice, video, data, videoconferencing and television services.

Earlier this year, Advantech Wireless Broadband solidified its prominent position in the Latin America Market by delivering a fully redundant satellite gateway to the military sector in Colombia, including the radio frequency subsystem along with hundreds of remote VSAT stations and an all country-wide deployment services for a contract value of US$2.1M with potential additional deliverables as to bring the contract value in the tens of millions of US dollars.

With these two major customers in Latin America Advantech Wireless Broadband has all the reasons to be optimistic about several other pending opportunities in this important market. As such, Advantech is now working to secure a multimillion dollar contract with another emergency first response governmental agency in the region.

Commenting on the significant contract award and other opportunities realized in Latin America, David Gelerman, the founder and Chief Executive Officer of Advantech Wireless Broadband said:

"We are delighted to have been awarded the latest important contract from this prominent Latin American telecommunications company. The latest contract award provides further evidence that Advantech Wireless Broadband delivers world-class broadband satellite communications. This award will secure high caliber positions and present opportunity for further employment in Quebec and elsewhere in Canada for the coming five years. All stakeholders in Quebec and Canada will profit from these contracts including both Federal and Provincial Governments."

About Advantech Wireless Broadband

Advantech Wireless Broadband is shaping the world with leading-edge wireless broadband communication. We design, manufacture and deploy networking solutions for broadband connectivity, broadcast solutions and backhaul requirements using satellite and terrestrial communications. Advantech's products includes: VSAT / DVB-RCS Hub & Terminals, SSPA, Block-up Converters, Frequency Converters, Satellite Modems, Antenna Controllers, PDH, Ethernet and Sonet radios.

As winner of Canada's 50 Best Managed Companies Program for three consecutive years and winner of the Best Overall Company of the Year and the best R&D company in Quebec (PME) at the Mercuriades Award, the Advantech's successful R&D program has benchmarked some of the industry's most innovative products. Advantech is a Quebec owned and Quebec managed company headquartered in Montreal since 1988. Advantech Wireless Broadband currently employs some 400 people around the world and nearly 300 are based in Montreal.

But, Advantech is more than a global company filled with technology and talented engineers. It's the belief that telecommunications shouldn't be stopped by distance, mountains or earthquakes. In every situation, one should be able to connect to the world. We are the wireless broadband culture.

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