Tranzeo Wins $4 Million PO for wiMax Network
posted on
Jan 30, 2008 12:00PM
Intellectual Licenses for Electronics & Communications
By Narayan Bhat
TMCnet Contributing Editor
Wireless network equipment maker Tranzeo (News - Alert) Wireless Technologies Inc. has reportedly won a contract worth about USD $4 million for supplying WiMAX systems.
The deal is the second biggest order that the Vancouver, Canada-based Tranzeo has won since unveiling its product in the third quarter last year.
Tranzeo has not revealed the name of its new customer, but it said the order takes the total revenue earned from its WiMAX systems to $8.2 million over the past few months.
"The market for fixed WiMAX (News - Alert) network equipment is taking off, and Tranzeo is working with leading WiMAX base station equipment vendors. By providing them with a highly integrated, cost-competitive solution, Tranzeo is filling this growing market need and accelerating our return on the WiMAX investment," said Tranzeo President and CEO Jim Tocher, in a statement.
Since WiMAX is the new technology, its market is growing. Operators around the world are increasingly setting up WiMAX base stations to offer broadband connections to people living in remote rural areas.
Tranzeo says it will begin shipping its 3.5GHz WiMAX subscriber units to the purchaser towards the end of the first quarter of 2008.
All of the WiMAX units produced to fulfill the purchase order will be manufactured at Tranzeo's headquarters in Greater Vancouver, B.C. with worldwide distribution facilitated through Tranzeo's U.S. office in San Diego, Calif. and European office in Shannon, Ireland.
Tranzeo is using Wi-LAN's wireless technology in its point-to-point and point-to-multipoint radios, WiMAX equipment and wireless Internet networking products.