SOURCE: Unity Wireless Corporation

April 26, 2007 03:00 ET

Unity Wireless Receives Forecast Increase to $1.2 Million & First Production Orders From Fortune 500 Wireless Manufacturer

BELLINGHAM, WA -- (MARKET WIRE) -- April 26, 2007 -- Unity Wireless Corporation (OTCBB: UTYW) today announced that it has received the first production purchase order of a $1,200,000 forecasted series of orders from one of the largest US tier-one wireless manufacturers. This order, for one of Unity's existing production high power amplifiers (HPA), is scheduled to be delivered in several shipments over the next eleven months.

In its November 14, 2006 release, "Another North American Tier-One Equipment Manufacturer Chooses Unity Wireless," the company announced that it had completed development on a new HPA and had been selected to provide an initial 90 units for field trials. At that time, 2007 production volumes were estimated to be $700,000 - $1,000,000.

Today's announcement is the result of: the success of these initial field units, the placement of the first production order for the new HPA, and the increased forecast by a leading US wireless manufacturer to a total of $1,200,000 over the next 11 months.

Rick Byrd, Vice President, Sales - OEM, of Unity Wireless Corp., commented, "We continue to gain traction with the major North American wireless equipment manufacturers, as our longer term project work now evolves into successful, recurring OEM (original equipment manufacturer) production orders. This is an exciting time for the company as we take the next major step in our growth."

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