Print This Page Tranzeo Wireless Provides Third Quarter 2010 Results PITT MEADOWS, BRITISH COLUMBIA--(Marketwire - Nov. 15, 2010) - Tranzeo Wireless Technologies Incorporated (TSX:TZT), a leading producer of high-speed wireless broadband communication systems, today announced its financial results for the third quarter 2010. Financial Highlights: - - - Revenue in Q3 was lower than expected due to a number of factors, most significantly the delay of the draw down of our purchase order back log for Indonesia. There have been shipments to Indonesia in Q4 however we believe that the significant draw downs will occur in 2011 beginning in Q1. The operators in Indonesia have deployed slower than expected but with the Government regulators now demanding deployment we believe shipments will increase significantly. To increase our presence in this market and to gain better visibility, we opened our marketing office in Jakarta in October. We believe this office will increase opportunities to sell our full wireless product offering to Indonesia. In addition India has taken longer than expected in the transition from trials, technical specifications and commercial negotiations to the fulfillment of orders and shipment. We began shipments in Q4 to our first Tier 1 operator. This is a significant development for us as the scope of deployments and opportunities is large. We are now fully engaged with our second Tier 1 operator and expect to have shipments start in Q4. We expect India to play a key role in our growth. Tranzeo and the Tranzeo logo are registered trademarks of Tranzeo Wireless Technologies Incorporated About Tranzeo Wireless Technologies Inc: Tranzeo Wireless Technologies Incorporated (TSX:TZT) leads the wireless broadband industry as a premier manufacturer of high-performance wireless network equipment that allows communities and businesses to communicate without boundaries. Tranzeo s optimum cost effectiveness, premium quality and responsive support have attracted a growing and devoted worldwide following of more than 2,465 dealers and 12 distributors. Tranzeo s full spectrum of point-to-point and point-to-multipoint radios, WiMAX equipment, and mesh network solutions are designed for wireless internet service providers, governments, campuses, military, carriers, enterprise customers, and systems integrators around the globe. Headquartered in British Columbia, Canada, Tranzeo also has offices in San Jose and San Diego, California and Shannon, Ireland. Visit http://www.tranzeo.com or phone 1.866.872.6936. Forward-Looking Statements Certain statements in this Press Release, including the expectations of revenue for Q4 and for the 2010 fiscal year provided above, constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws. These statements are subject to certain assumptions, risks and uncertainties. Material factors and assumptions used to develop such estimates include: - - - - Readers are cautioned not to place undue reliance on such statements.
Tranzeo Wireless Technologies Inc. is Pitt Meadows-based company (British Columbia, Canada) with a phone number 6044606002. Our data show that the company is located at the address: 19473 Fraser Industrial Way Fraser Way Canada. The company has a web site: www.tranzeo.com.
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