WFI Selected by Fortune 100 Firm to Deploy Building Optical Networks in Select Buildings
NEW ORLEANS, March 14, 2005 /PRNewswire-FirstCall via COMTEX/ -- San Diego-based Wireless Facilities, Inc. (WFI) (Nasdaq: WFII), a global leader in the design, deployment and management of wireless communication networks, technology networks and security systems, announced today at the CTIA Wireless 2005 Show in New Orleans that the Company has been selected by a Fortune 100 firm to install building optical networks for several of this Firm's commercial buildings. The optical networks being deployed allow multiple in-building services including wireless access to be converged onto one delivery system, allowing building owners and property managers to reduce costs, while increasing services and amenities to tenants. To deploy these optical networks, WFI has formed a strategic relationship with San Diego-based ISP services company Bandwidth Now. These networks will be installed in select buildings in several locations throughout the U.S. The Company did not disclose any financial terms of the installation projects.
"WFI welcomes the opportunity to work with industry leaders in the 'intelligent buildings' space," said Desmond Wheatley, President of WFI's Enterprise Network Services division. "WFI was chosen because of our proven track record in the design, deployment and maintenance of highly reliable, mission critical networks. We look forward to working closely with this partner to build out more of their portfolio and also to continuing to provide excellence in the ongoing support of the existing infrastructure."
In collaboration with Bandwidth Now, an enterprise ISP, and SENTRE Partners, a real estate property management firm, WFI has completed several intelligent building projects in the San Diego and greater Los Angeles areas which utilize building optical networks -- referred to as BON. A BON can deliver new and enhanced services such as automated environment control, Voice over IP, digital security systems, and WiFi services. These networks integrate, automate, aggregate and enable a variety of crucial systems which make the subject buildings safer, more comfortable, more efficient and better served with integrated communications.
"Increasingly, we are finding that property managers and building owners are seeking greater flexibility with the utilities they maintain and offer to their tenants," said Matt Spathas, of SENTRE Partners and CEO of Bandwidth Now. "By converging a building's utilities onto one central backbone, property managers and building owners can shorten the lease-up times and offer greater quality and more flexible services to retain tenants. Additionally, the aggregation of bandwidth in a building creates a 'fourth utility' to enable voice-over-IP and WiFi as an amenity, in addition to creating savings in back-office operations such as building engineering, property security, facilities management and IT services. These Intelligent portals are all driven by IP addresses. It's a matter of time before the IP address will be as important as the physical street address."
About SENTRE Partners
SENTRE Partners is a San Diego based real estate investment and services company who manages, leases, and / or owns assets in excess of $500 million. SENTRE's value added strategy is simple: putting purpose and technology into real estate.
About Bandwidth Now
San Diego based Bandwidth Now, a market leader in Next Gen building networks, will handle front end provisioning for the network. Other Bandwidth Now buildings in San Diego include the San Diego Tech Center, the NBC Building, and the SBC Building.
About Wireless Facilities
Headquartered in San Diego, CA, Wireless Facilities, Inc. is an independent provider of systems engineering, network services and technical outsourcing for the world's largest wireless carriers, enterprise customers and for government agencies. The company provides the design, deployment, integration, and the overall management of wired and wireless networks which deliver voice and data communication, and which support advanced security systems. WFI has performed work in over 100 countries since its founding in 1994. News and information are available at www.wfinet.com. (code: WFI-mb)
Notice Regarding Forward-Looking Statements
This news release contains certain forward-looking statements including, without limitation, expressed or implied statements concerning the Company's expectations regarding future financial performance and market developments that involve risks and uncertainties. Such statements are only predictions, and the Company's actual results may differ materially. Factors that may cause the Company's results to differ include, but are not limited to: changes in the scope or timing of the Company's projects; slowdowns in enterprise infrastructure spending in the United States and globally, which could delay network deployments and reduce demand for the Company's services; the timing, rescheduling or cancellation of significant customer contracts and agreements, or consolidation by or the loss of key customers; the adoption rate of new wireless data services; the rate of adoption of BONs by enterprise customers ; and competition in the marketplace which could reduce revenues and profit margins. The Company undertakes no obligation to update any forward-looking statements. These and other risk factors are more fully discussed in the Company's Annual Report on Form 10-K/A filed on September 20, 2004 and in other filings made with the Securities and Exchange Commission.
Media Contact: Michael Baehr Director of Communications Wireless Facilities, Inc. 858-228-2799 Direct michael.baehr@wfinet.com Investor Contact: Rochelle Bold Senior VP of Corporate Development & Investor Relations Wireless Facilities, Inc. 858-228-2649 Direct rochelle.bold@wfinet.com
SOURCE Wireless Facilities, Inc.
media, Michael Baehr, Director of Communications, +1-858-228-2799, or michael.baehr@wfinet.com, or investors, Rochelle Bold, Senior VP of Corporate Development & Investor Relations, +1-858-228-2649, or rochelle.bold@wfinet.com, both of Wireless Facilities, Inc.
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