InterDigital Inc (IDCC)

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PRESS RELEASE: Unity Wireless Commences Production Volume Shipments to North American-based Tier-1 OEM Customer under a Master Supply Agreement
BURNABY, British Columbia--(BUSINESS WIRE)--March 16, 2006--
Unity Wireless Corporation (OTCBB: UTYW), a developer of wireless systems and coverage-enhancement solutions, announced today that it has begun shipping 450MHz base station power amplifiers to a North American-based Tier-1 OEM customer under a previously announced master supply agreement.
The Company's products are in support of this OEM customer's deployment of a new 450MHz wireless network in certain European markets. The customer has provided an updated forecast that confirms its guidance in December 2005 that this product should represent approximately US$3.5 million in sales in the first year.
Unity Wireless is well positioned as a leader with a complete 450MHz product line and is shipping 450MHz power amplifiers, low noise amplifiers (LNA), tower-mounted amplifiers (TMA) and duplexers to several base station OEM customers. These customers are deploying commercial networks in several markets around the world in projects that are in various stages of deployment. The Company expects that sales of these products and other 450MHz products in the Company's portfolio will continue to grow as a percentage of product sales this year.
About Unity Wireless
Unity Wireless is a developer of wireless systems and coverage-enhancement solutions for wireless communications networks. The types of products that Unity Wireless develops and sells are an integral part of the base station and repeater infrastructure that comprise the backbone of wireless communications networks around the world. From analog cellular to 3G mobile, and from 450 MHz to 3.5 GHz, Unity Wireless products deliver enhanced efficiency and performance with field-proven quality and reliability in thousands of wireless products around the world. For more information about Unity Wireless, visit www.unitywireless.com.
Forward Looking Statements
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "feel," "plan," "anticipate," "should" and other similar expressions generally identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. These forward-looking statements are subject to a number of risks and uncertainties, including without limitation, inability to consummate the acquisition of Avantry, difficulty in integrating Avantry, inability to raise the funds necessary for the Company's continued operations, changes in external market factors including the economy, and other risks and uncertainties indicated in the Company's most recent SEC filing on form SB-2. Actual results could differ materially from the results referred to in the forward-looking statements.
CONTACT: The Investor Relations Group Vince Daniels/James Carbonara, 212-825-3210 or Osprey Partners Mike Mulshine, 732-292-0982 [e-mail] SOURCE: Unity Wireless Corporation Copyright Business Wire 2006
(END) Dow Jones Newswires
03-16-06 1147ET