Wireless Matrix Corporation

Wireless Matrix Corporation

November 17, 2005 11:01 ET

Wireless Matrix Announces Two Year, $1M Airtime Agreement with Long Time Oil and Gas Partner

RESTON, VIRGINIA--(CCNMatthews - Nov. 17, 2005) - Wireless Matrix Corporation (TSX:WRX) is pleased to announce today that they have entered into a renewed two-year wireless airtime agreement with a long-time partner and leader in the oil and gas industry, with an estimated value of $1,000,000. Under the terms of the agreement, Wireless Matrix will provide satellite communication services to this firm for use in automation of both established and future sites.

"This agreement further demonstrates the strong value proposition that our products and services provide for monitoring remote assets," said J. Richard Carlson, Wireless Matrix President and CEO. "The combination of our reliable communication hardware and always-available wireless network continues to address the operational demands and changing needs of both new and established customers across multiple verticals."

This is the latest agreement Wireless Matrix has completed in recent months that strengthens the company's position in the remote monitoring marketplace. "We have experienced considerable growth in this business unit throughout the fiscal year," Carlson added. "Our sights are set on further penetration of this market segment in the coming calendar year, with new targeted products and services and enhanced capabilities."

About Wireless Matrix

Wireless Matrix is a leading developer and provider of enterprise-class wireless data services for business-critical operations involving mobile workforces and remote assets. Wireless Matrix mobile services are deployed in major corporate industrial markets including oil and gas, utilities, transportation and field service. The Company delivers a data network service that provides 100% real-time wireless communications coverage to all of North America. This service is enabled by the Mobile Base Station hardware platform that provides data connectivity via cellular, satellite, and WiFi networks to enterprise back-office systems enabling field work force mobility. Wireless Matrix is headquartered in Reston, Virginia, and has offices in Burnaby, British Columbia.

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