Tranzeo Wireless Technologies Inc.
TSX : TZT

Tranzeo Wireless Technologies Inc.

March 25, 2011 09:01 ET

Patrick N. Smith Appointed as Chairman of Tranzeo Wireless

PITT MEADOWS, BRITISH COLUMBIA--(Marketwire - March 25, 2011) - BC-based Tranzeo Wireless Technologies Inc. (TSX:TZT), a premier manufacturer of wireless broadband and WiMAX communication systems, announces today that the board of directors of Tranzeo has appointed Mr. Patrick N. Smith as Chairman of the Board. Mr. Smith was previously lead director for the Board and replaces Mr. James A. Tocher who will continue to serve as a board member and the President and Chief Executive Officer of the Company.

Mr. Smith's appointment was recommended by the Corporate Governance and Nominating Committee of the Board and subsequently approved by the Board. Mr. Smith was the Chairman of the Board of Directors of Wavesat Inc., a global leader in mobile broadband, providing advanced semiconductor solutions, until Wavesat's acquisition by Cavium Networks in February of this year. Mr. Smith was extensively involved in Wavesat's Indian deployments. Mr. Smith was previously VP Systems Integration and Technology Planning for Sprint in Kansas City.

Mr. Tocher stated, "I am very pleased that Patrick has agreed to increase his involvement with the Company and take a leadership position as Chairman of the Board. His appointment will allow me to focus my energies on our continued business development. We have recently had success in deploying our WiMAX equipment in India through two of India's largest telecommunications carriers. I plan to continue to lead this business development and welcome the support of Patrick as chairman."

Mr. Smith stated, "I am excited to have the opportunity to accept the role of Chairman of the Board. This is another important step in the evolution of Tranzeo's corporate governance; Tranzeo now has both a Chairman and a majority of the board of directors who are fully independent. Tranzeo has made significant advances recently through the evolution of its business to focus on WiMAX equipment for global markets, most particularly India. Our goal is now to capitalize on these advances that were made under Jim's leadership."

About Tranzeo Wireless Technologies Inc.:

Tranzeo Wireless Technologies Inc. (TSX:TZT) leads the wireless broadband industry as a premier manufacturer of high-performance wireless network equipment that allows communities and businesses to communicate without boundaries. Tranzeo's optimum cost effectiveness, premium quality and responsive support have attracted a growing and devoted worldwide following of more than 2,465 dealers and 16 distributors. Tranzeo's full spectrum of point-to-point and point-to-multipoint radios, WiMAX equipment, and mesh network solutions are designed for wireless internet service providers, governments, campuses, military, carriers, enterprise customers, and systems integrators around the globe. Headquartered in British Columbia, Canada, Tranzeo also has offices in San Jose and San Diego, California and Shannon, Ireland. Visit http://www.tranzeo.com or phone 1.866.872.6936.

Forward-Looking Statements

Certain statements in this Press Release, including statements regarding sales contracts provided above, constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws. These statements are subject to certain assumptions, risks and uncertainties. Readers are cautioned not to place undue reliance on such statements. Actual results, performance, achievements or developments of Tranzeo may differ materially from the results, performance, achievements or developments expressed or implied by such statements. Risk factors that may cause the actual results, performance, achievements or developments of Tranzeo to differ materially from the results, performance, achievements or developments expressed or implied by such statements can be found in the public documents filed by Tranzeo with Canadian securities regulatory authorities, which are available at www.sedar.com. Tranzeo assumes no obligation to update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by law.

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