SOURCE: Unity Wireless Corporation

May 17, 2007 03:00 ET

Unity Wireless Completes First Delivery to Nokia India

DELHI, INDIA and BELLINGHAM, WA -- (MARKET WIRE) -- May 17, 2007 -- Unity Wireless Corporation (OTCBB: UTYW), together with their regional partner, Frog Cellsat Pvt. Ltd., today announced that it has completed delivery of the first shipment of repeaters to Nokia India, first announced in a company press release on November 30, 2006.

India's current wireless subscriber base is approximately 146.54 million, as compared with the 3.6 million on March 31, 2001. Subscription growth is expected at around 75 percent for financial year 2007.

"The Indian market is one of the fastest growing wireless markets in the world, adding about a million new subscribers a week. With the outstanding support of our regional partner, Frog Cellsat Pvt. Ltd., Unity has positioned itself strategically, with both local sales and technical support, to benefit from the rapid growth in this region," commented Nissim Atias, President & COO of Unity Wireless.

Konark Trivedi, CEO of Frog Cellsat Pvt. Ltd. and Celletra India, said, "Frog Cellsat not only provides sales and integration support, but our highly skilled service team, in cooperation with Unity's R&D labs, provide the full local 'in-country' equipment service support that rapidly expanding network operators demand."

Mr. Trivedi continued, "We believe the ability of Unity and Frog Cellsat to provide competitive products, with superior local integration services and technical support, to Nokia India has positioned our group as a strategic player in this region."

About Unity Wireless

Unity Wireless is a world class provider of wireless coverage enhancement solutions for cellular operators and custom subsystems for network infrastructure manufacturers. For more information about Unity Wireless, visit www.unitywireless.com.

Forward-Looking Statements

Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "feel," "plan," "anticipate," "project," "could," "should" and other similar expressions generally identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. These forward-looking statements are subject to a number of risks and uncertainties, including without limitation, changes in external market factors including the economy, and other risks and uncertainties indicated in the Company's most recent SEC filing on form SB-2. Actual results could differ materially from the results referred to in the forward-looking statements.

Contact Information

  • Investor Contacts:

    Talal Fouani
    Wall Street Financial Corp.
    (403) 616-8472

    Mike Mulshine
    Osprey Partners
    (732) 292-0982

    Noam Yellin
    Middle East Investor Relations
    +972 (3) 695-4333