|By Business Wire||
|November 13, 2012 02:00 AM EST||
Alvarion® Ltd. (NASDAQ: ALVR), a global provider of optimized wireless broadband solutions addressing the connectivity, coverage and capacity challenges of public and private networks, announced today that BusyInternet, a leading Internet service provider in Ghana deployed its 4Motion® solution in Accra, Ghana, a city of approximately 2.3 million which acts as the business and financial capital of the country. Alvarion’s advanced 4Motion solution replaces an existing solution in order to deliver reliable and quality bandwidth and services needed from corporate customers.
BusyInternet is an award-winning ISP (Chamber of Marketing Ghana (CIMG) Best ISP 2009, 2010 & 2011) whose target client base is mostly corporations and businesses from all sectors, including the financial community in Accra and Tema. With a promise of superior customer service and more than 98.7% uptime, BusyInternet needed to upgrade its existing network infrastructure to handle the sensitive business information and heavy bandwidth needs of its customers while at the same time deliver a high-quality user experience.
“As an ISP operating in the high-end segment of the market, we place very specific demands on the network we deploy in order to deliver the high-quality user experience we promise our customers,” states Praveen Sadalage, Managing Director of BusyInternet. “The 4Motion solution met these demands for superior reliability and quality of service.”
To support its broadband Internet connectivity services, BusyInternet chose Alvarion’s 4Motion solution operating in the 2.3 GHz spectrum to replace its existing Canopy® solution and deliver reliable, high bandwidth connectivity to corporate and business customers. Alvarion’s 4Motion solution is a field proven, end-to-end solution that helps operators offer a variety of IP-based voice and high speed data services over a unified platform using 802.16e technology.
“We are excited to have won BusyInternet as a customer in Ghana and help them maintain a state-of-the art network to better serve their customers and effectively support their business model,” states Hezi Lapid, President and CEO of Alvarion. “Alvarion has been a leader in providing wireless broadband connectivity in Africa and we continue to see great opportunities for us in this region for both our licensed and unlicensed businesses.”
BusyInternet is planning on expanding its 4Motion-based network to additional cities in Ghana, including Kumasi, Tamale, Tarkwa and Takoradi among other major markets.
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BusyInternet was founded in Ghana in 2001 with a unique mission to provide both commercial services as well as social and economic development. Located in a 14,000 square foot former gas-bottling factory in the heart of Accra, Busy is a collaboration of two local investment companies (Fidelity Capital Partners and Databank) and a Welsh entrepreneur. With a range of events, training, debates, as well as a growing community of IT entrepreneurs, the BusyInternet story has been featured in the New York Times, Wall Street Journal and is a key Ghanaian initiative focused on transforming the local economy to meet the opportunities of the digital age. Today BusyInternet is a leading ISP meeting high standards in services delivery for corporate and business clients. The Busy team is made up of about 80 young and motivated people from across West Africa. (www.busyinternet.com)
Alvarion Ltd. (NASDAQ: ALVR) provides optimized wireless broadband solutions addressing the connectivity, coverage and capacity challenges of telecom operators, smart cities, security, and enterprise customers. Our innovative solutions are based on multiple technologies across licensed and unlicensed spectrums. (www.alvarion.com)
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of Alvarion’s management and are subject to various factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: our failure to fully implement our 2012 turnaround plan, our inability to reallocate our resources and rationalize our business in a more efficient manner, potential impact on our business of the current global macro-economic uncertainties, the inability of our customers to obtain credit to purchase our products as a result of global credit market conditions, the failure to fund projects under the U.S. broadband stimulus program, continued delays in 4G license allocation in certain countries; the failure of the products for the 4G market to develop as anticipated; our inability to capture market share in the expected growth of the 4G market as anticipated, due to, among other things, competitive reasons or failure to execute in our sales, marketing or manufacturing objectives; the failure of our strategic initiatives to enable us to more effectively capitalize on market opportunities as anticipated; delays in the receipt of orders from customers and in the delivery by us of such orders; our failure to fully and effectively integrate the business and technology of Wavion Inc., acquired by us in November 2011, into our products and realize the expected synergies from the acquisition; the failure of the markets for our (including Wavion's) products to grow as anticipated; our inability to further identify, develop and achieve success for new products, services and technologies; increased competition and its effect on pricing, spending, third-party relationships and revenues; our inability to establish and maintain relationships with commerce, advertising, marketing, and technology providers; our inability to comply with covenants included in our financing agreements; our inability to raise sufficient funds to continue our operations, either through equity issuances or asset sales; and other risks detailed from time to time in the Company’s annual reports on Form 20-F as well as in other filings with the U.S. Securities and Exchange Commission.
Information set forth in this press release pertaining to third parties has not been independently verified by Alvarion and is based solely on publicly available information or on information provided to Alvarion by such third parties for inclusion in this press release. The web sites appearing in this press release are not and will not be included or incorporated by reference in any filing made by Alvarion with the U.S. Securities and Exchange Commission, which this press release will be a part of.
You may request Alvarion's future press releases by contacting Sivan Farfuri, [email protected] or +972.3.767.4333. Please see the Investor section of the Alvarion website for more information: http://www.alvarion.com/investors.
Alvarion®, its logo and certain names, product and service names referenced herein are either registered trademarks, trademarks, trade names or service marks of Alvarion Ltd. in certain jurisdictions. All other names are or may be the trademarks of their respective owners.
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