DragonWave Inc.
TSX : DWI
AIM : DWI

DragonWave Inc.

September 04, 2007 20:30 ET

DragonWave and NextWave Broadband Announce Global Strategic Network Solutions Agreement

NextWave Broadband Selects DragonWave's Ethernet Radio as its preferred wireless backhaul solution

OTTAWA, ONTARIO--(Marketwire - Sept. 4, 2007) - DragonWave Inc. (TSX:DWI) (AIM:DWI) a leading supplier of next-generation wireless networks, and NextWave Broadband Inc., a subsidiary of NextWave Wireless Inc. (NASDAQ:WAVE), a global supplier of advanced mobile broadband products, technologies, and network solutions, today announced the signing of a Strategic Network Solutions Agreement. Under the terms of the agreement, NextWave will adopt DragonWave's AirPair and Horizon products as its preferred wireless backhaul solution and will partner with DragonWave to supply service providers worldwide with fully integrated, end-to-end, mobile broadband and transport network solutions. In addition, the two companies have agreed to collaborate on the development of the next-generation wireless backhaul products and technologies.

"NextWave has made significant investments in developing truly competitive end-to-end network solutions that support a flat IP architecture, and are designed to reduce CAPEX and OPEX while delivering true broadband performance to its service provider customers. The ability to cost-effectively backhaul broadband traffic through ultra high capacity links is a critical element of achieving the overall cost targets of 4G networks that require significantly different network architectures, deployment plans and RF designs as compared to 3G networks," said Allen Salmasi, President & CEO of NextWave Wireless Inc. "By integrating DragonWave's backhaul products into their mobile broadband solutions, our GO Networks subsidiary with its carrier-class WiFi network solutions, and our IPWireless subsidiary with its TD-CDMA and forthcoming WiMAX-based network products, will be even better positioned to offer cost-effective and high-performance network solutions on a global basis. In addition, our two European subsidiaries, Inquam Broadband and WiMAX Telecom, will also offer our mobile broadband solutions to service providers, especially in markets where these subsidiaries have wireless broadband spectrum holdings such as Germany, Switzerland, Austria, Croatia and Slovakia."

The multi-year agreement will enable NextWave Broadband to take full advantage of DragonWave's native Ethernet radio technology and will provide NextWave with the full array of current and future DragonWave products. NextWave has conducted extensive testing of DragonWave's wireless Ethernet products and has installed the DragonWave solution in the company's Wireless Network Field Lab, located in Henderson, Nevada. Based on the performance, reliability, and flexibility of its products, NextWave selected DragonWave as its preferred wireless backhaul partner and will collaborate with DragonWave to develop a range of competitive next-generation backhaul products.

"We are excited by NextWave's vision of the evolution of wireless broadband networks and their focus on high capacity, IP optimized transport solutions," said Peter Allen, President and CEO of DragonWave. "DragonWave is delighted to be able to partner with NextWave as they introduce their end-to-end mobile broadband solutions in the U.S. and across the globe."

DragonWave's products operate within both licensed and unlicensed radio frequencies in the 11-38 GHz range, ensuring interference-free performance for customers' traffic. The DragonWave solution provides scalable, ultra-low latency, wireline-speed, native Ethernet connectivity up to 800 Mbps in full duplex. The system is 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 NextWave Wireless

NextWave Wireless Inc. (NASDAQ:WAVE) develops next-generation wireless broadband products and technologies for mobile device and network equipment manufacturers and for wireless service operators. Through its NextWave Broadband subsidiary, the company develops semiconductor and network component products based on WiMAX and Wi-Fi technologies and markets complete, end-to-end mobile broadband network solutions. Its PacketVideo subsidiary provides device-embedded multimedia software for mobile phones and converged devices to many of the largest wireless carriers and handset manufacturers in the world. Its GO Networks subsidiary offers commercial and municipal service providers around the globe with carrier-class, mobile Wi-Fi systems optimized for wide-area deployment. Its IPWireless subsidiary is a global provider of TD-CDMA based mobile broadband and mobile broadcast products and technologies. NextWave has acquired wireless spectrum licenses in the U.S. that covers over 248 million people and mobile broadband spectrum in numerous international markets including Canada, Germany, Switzerland, Japan and Austria. The Company intends to make its spectrum available to service providers looking to deploy next-generation wireless broadband networks that utilize NextWave's advanced wireless broadband products and technologies. Visit NextWave Wireless at www.nextwave.com

About DragonWave

DragonWave designs, markets and supports broadband, wireless networking products for service providers and enterprises requiring reliable, predictable, interference-free, high-bandwidth transmission of real-time, IP applications. DragonWave products meet the demands of a wide range of applications as well as delivering a value proposition that enables operators and service providers an "invest as you grow" capability that leverages profitable growth. DragonWave is headquartered in Ottawa, Canada's high-technology capital. The company's Web site is http://www.dragonwaveinc.com.

DragonWave Note Regarding Forward-Looking Statements

This release contains certain forward-looking information, including expectations of future business. This information is based on the company's current expectations and assumptions that are subject to a variety of risks and uncertainties that are difficult to predict and that may be beyond DragonWave's control. Actual results could differ materially from those expressed in any forward-looking statements due to factors such as customer demand and timing of purchasing decisions, increased levels of competition, technological changes and the successful development of new products, dependence on third-party manufacturers and suppliers, risks relating to intellectual property infringement claims, and other risks and factors identified in DragonWave's public filings with regulatory authorities. DragonWave assumes no obligation to update these forward-looking statements as a result of new information or future events."

NextWave Wireless Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" for purposes of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. There can be no assurances that forward-looking statements will be achieved, and actual events or results could differ materially from the events or results predicted or from any other forward-looking statements made by, or on behalf of, NextWave, and should not be considered as an indication of future events or results. Important factors that could cause actual events or results to differ materially are discussed in greater detail in the filings of NextWave with the Securities and Exchange Commission. All such documents are available through the SEC's website at www.sec.gov. NextWave makes no commitment to revise or update any forward-looking statements in order to reflect changes in events or circumstances after the date any such statement is made, except as may be required pursuant to applicable law.

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