SR Telecom & Co.

SR Telecom & Co.

May 06, 2008 06:00 ET

SR Telecom & Co. Announces Series of WiMAX Wins

Full Operations Have Resumed Following Acquisition and Merger with Groupe Lagasse

MONTREAL, QUEBEC--(Marketwire - May 6, 2008) - The new SR Telecom has retained the trust and support of its global customer base, and is increasing deliveries of its WiMAX solutions following the recent acquisition of its business activities by Groupe Lagasse. Merely a month in since the re-launch of its business as a subsidiary of Groupe Lagasse, SR Telecom & Co., S.E.C. today announced that it has received purchase orders for wireless network deployments from customers in Cameroon, Mexico and the Philippines and is on-track to securing significant additional orders from new and existing customers in the next few weeks.

"Securing these contract wins so quickly following our fresh start as a new organization confirms to us that we have retained the trust of our customers around the world," said Serge Fortin, President and CEO of SR Telecom & Co. "These customers understand that SR Telecom has fully resumed operations and can offer a comprehensive and proven WiMAX solution with immediate availability, at a price that makes sense for their business case. As part of a large and diversified provider of innovative telecom solutions such as Groupe Lagasse, it is clear that SR Telecom & Co. has established itself as one of the few long-term viable options for operators looking for a stable WiMAX vendor to partner with to build their network infrastructure."

SR Telecom & Co. develops, delivers and deploys broadband wireless access solutions to customers around the globe. Its symmetryMX solution is the most advanced and flexible platform certified for both FDD and TDD profiles by the WiMAX Forum. Its technology enables service providers to quickly and efficiently deploy quality voice, Internet and next-generation multimedia services and is at the heart of some of the world's largest BWA deployments.

"We are very pleased that the integration of SR Telecom & Co. as a key member of Groupe Lagasse has been completed so efficiently and so quickly," said Louis Lagasse, Chairman of Groupe Lagasse. "Thanks to the commitment of our suppliers, the hard work of the Company's management and employees, as well as the financial strength of the new organization, SR Telecom & Co. has fully re-established its operations and accelerated its R&D activities. As we move forward, our customers will benefit from the synergies we have identified within Groupe Lagasse."

SR Telecom & Co. was established on April 4, 2008 following the acquisition of the majority of the assets of SRX Post Holdings Inc. (then known as SR Telecom Inc.) by Groupe Lagasse, a Canadian holding company specializing in the telecommunications industry. The above-mentioned contract wins represent the first set of new orders received by the Company since the acquisition.

About SR Telecom & Co.

SR Telecom & Co., S.E.C. is a leader in delivering innovative broadband wireless access (BWA) solutions that enable service providers to efficiently deploy quality voice, Internet and next-generation services in urban, suburban and remote areas. The Company actively promotes standards-based BWA networking through its role as a principal member of the WiMAX Forum. SR Telecom & Co. is a wholly-owned subsidiary of Groupe Lagasse. For additional information, visit the Company's website at www.srtelecom.com.

SR TELECOM, symmetryONE, symmetryMX and symmetryMXe are trademarks of SR Telecom & Co, S.E.C. All rights reserved 2008. All other trademarks are property of their owners.

Contact Information

  • SR Telecom & Co.
    Serge Legris
    Vice-president, Marketing
    1-514-335-2429, Ext. 4641
    or
    MCG Media
    Mike McGrath
    1-514-425-0789