BreezeCOM Announces Advanced OFDM Broadband Wireless Access Solutions . March 22, By Global Press Releases Comments are Off. New product. Alvarion Technologies is a global provider of autonomous Wi-Fi networks designed with In August , BreezeCOM merged with another Israeli company, Floware Wireless Systems Ltd. (NASDAQ: FLRE), which was founded in BreezeCom and Telecel SA Expand High-Speed Internet Connectivity and Wireless Data Services into Paraguay BreezeCom and Telecel SA from Paraguay.
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The stock-for-stock transaction will create the leading global provider of Point-to-Multipoint Broadband Wireless Access equipment.
BreezeCOM and Floware to Merge – Alvarion Technologies
The new company expects to generate growth and provide an enhanced product offering to a complementary worldwide customer and channel base.
Under the terms of the merger agreement, which has been unanimously approved by both Boards of Directors, each ordinary share of Floware will be converted into 0.
The new combined company will subsequently be renamed. The Merger is expected to be accounted for as a purchase transaction.
The new company will have approximately The transaction is expected to close during the third quarter ofand is subject to approval by shareholders of BreezeCOM and Floware, regulators and other customary closing conditions. BreezeCOM and Floware complement each other well in terms of product offering, geographical presence, customers and distribution channels. Both companies supply point-to-multipoint broadband wireless access solutions. The combined company will have a point-to-multipoint product offering with transmission frequencies ranging from 2.
Floware’s primary sales channel is through telecom system integrators. Floware has also penetrated Latin America and Asia. The combined company will now have the opportunity to leverage both companies’ technology and expertise, and will allow duplicate resources to be re-deployed to faster rbeezecom the introduction of next generation technologies and additional feature developments of products.
BreezeCOM Announces Advanced OFDM Broadband Wireless Access Solutions – Alvarion Technologies
Gaining critical mass in order to maintain a leadership position in the point-to-multipoint broadband wireless equipment industry is consistent with management’s view that significant consolidation will occur in the industry. Management The merger combines two very strong management teams.
Credit Suisse First Boston acted as financial advisor and provided a fairness opinion to Floware. Dial in numbers for the call are: Domestic – ; and International – The call will be available as a replay for 48 hours and will be web cast http: For those unable to participate in the call, there will be a replay available from April 5, at EDT, through April 9, ID for Replay is Its bdeezecom provide a wireless alternative to wired access solutions, such as DSL and cable modems, and facilitate indoor and outdoor, as well as fixed and mobile wireless LAN connectivity.
BreezeCOM products are based on a packet switching point-to-multipoint wireless platform, optimized for high-speed Internet and intranet access.
Core technologies include spread spectrum radio, digital signal processing, modems, networking protocols and VLSI. For more information on BreezeCOM, visit www.
BreezeCOM Announces Advanced OFDM Broadband Wireless Access Solutions
Floware currently has more than 60 deployments worldwide. Investors and security holders are advised to read the Registration Statement on Form F-4 when it becomes available, because it will contain important information.
Alvarion Technologies is a global provider of autonomous Wi-Fi networks designed with self-organizing capabilities that enable constantly optimized performance.
Alvarion Technologies Global Headquarters: