DragonWave Inc.

DragonWave Inc.

August 16, 2007 14:35 ET

DragonWave: Annual Report

OTTAWA, CANADA--(Marketwire - Aug. 16, 2007) - DragonWave Inc ("DragonWave") (TSX:DWI)(AIM:DWI) announces that it has published its annual accounts for the year ended 28 February 2007 and hard copies have been posted to shareholders.

In addition, DragonWave is pleased to announce that its annual report is available on its website, which is compliant with Rule 26 of the AIM Rules for Companies. DragonWave's AIM Rule 26 website can be found at: www.dragonwaveinc.com/docs/corporate/aim_rule26.pdf

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 are located Ottawa, Ontario, and have sales locations in Europe and North America. The company's Web site is http://www.dragonwaveinc.com

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