MONTREAL, Mar 15 - Wavesat Inc., a developer of OFDM Broadband Wireless Access (BWA) silicon solutions, today announced that it has entered into a Cooperative Agreement with ZTE Corporation of Shenzhen, China, to evaluate Wavesat's DM256 chip and confirm it meets the performance and technology requirements of ZTE's customers. "We will test and evaluate WAVESAT's DM256 chip and we believe the cooperation will benefit developing ZTE's next-generation Fixed Broadband Wireless Access systems", said Jiongyi Fan, General product manager of BWA with ZTE.
"Wavesat is very excited by the prospects of working with such an important, prestigious and reputable company as ZTE", said Michel Guay, President and CEO of Wavesat. Guay continued, "This decision is a great compliment to the large Research & Development effort Wavesat has invested to ensure the highest performance of our modem chips. To our customers, this new technology means easy integration with current products, backward compatibility with legacy features, the capacity to integrate evolving standards and the adaptation to country specifics".
Both Wavesat and ZTE are members of the WiMAX Forum. They believe that their cooperation will be the catalyst to its commercialization, and will make the Fixed Wireless business case compelling to operators and accelerate the deployment of this technology.
About ZTE Corporation
ZTE Corporation is China's largest listed telecommunications equipment provider offering customized network solutions for telecom carriers worldwide. The company develops and manufactures telecommunications equipment for fixed, mobile, data and optical networks, intelligent networks and next generation networks as well as mobile phones.
ZTE has been listed on the Shenzhen Stock Exchange since 1997. Today, ZTE has become an important global player in the telecommunications industry with products deployed in over 40 countries and regions including Cyprus, Bangladesh, Thailand, USA, Russia, Egypt, Kenya, Congo, Zambia and Hong Kong.
For additional information about ZTE Corporation, please visit the company's web site at http://www.zte.com
About Wavesat Inc.
Founded in 1993, Wavesat Inc. is a fabless semiconductor company, focused on the development and supply of OFDM modem chips. Wavesat is headquartered in Montreal, Canada where it conducts research and development activities. Wavesat is a privately held company. Key investors include Skypoint Capital Corporation, BDC Venture Capital, Innovatech du Grand Montreal and Monet Capital.
Wavesat is a principal member of the WiMAX (World Interoperability for Microwave Access) Forum, a nonprofit corporation formed to certify the compatibility and interoperability of Broadband Wireless Access devices conforming to the 802.16a/d wireless MAN and ETSI HiperMAN specifications and to help accelerate the introduction of these devices into the marketplace.
For additional information about Wavesat, please visit the company's web site at http://www.wavesat.com. Source: Business Wire
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