WFI Completes 14 Ev-DO Network Upgrades in Major Metropolitan Areas for National Wireless Carrier
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 successfully completed Ev-DO network upgrades for a major national wireless carrier in 14 major metropolitan areas across the United States.
"The announcement of our ongoing Ev-DO work with this major carrier underscores the strength of our engineering talent as well as the trust this major carrier has put in the outsourcing of this critical network upgrade to a strategic and independent services provider like WFI," said Eric DeMarco, President and Chief Executive Officer of WFI. "We value our relationship with this carrier and look forward to additional Ev-DO projects with them in the future."
Ev-DO stands for Evolution Data Only and delivers voice and data up to ten times faster than existing GPRS networks. Ev-DO wireless broadband service is capable of throughput speeds of 500kbps and beyond making it a true third-generation platform. Until recently, such 3G solutions have only been available in other countries.
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 telecommunications infrastructure spending in the United States and globally, which could delay network deployment 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 telecom outsourcing by network carriers and equipment suppliers; 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.
Michael Baehr, Director of Communications, +1-858-228-2799, michael.baehr@wfinet.com or Rochelle Bold, Senior VP of Corporate Development & Investor Relations, +1-858-228-2649, rochelle.bold@wfinet.com, both of Wireless Facilities, Inc.
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