5G Wireless Taps Cisco Business Development Executive Kirk Haney as Independent Director to Board
Thursday October 28, 1:00 pm ET
MARINA DEL REY, Calif.--(BUSINESS WIRE)--Oct. 28, 2004--5G Wireless Communications, Inc. (OTCBB:FGWC - News), an emerging leader in the wireless broadband industry, announced today that Kirk L. Haney has been appointed an independent director to its Board.
Mr. Haney currently works in Global Business Development for Cisco Systems, Inc. (NASDAQ:CSCO - News). In this capacity, he was instrumental in creating Cisco's global security sales strategy, which resulted in Cisco surpassing $1bil. in security sales for FY 2004. In addition to leading several of Cisco's enterprise and advanced technology sales and engineering teams, Mr. Haney has also been an advisor to Cisco's Corporate Business Development team on various investment and acquisition candidates.
Prior to his Cisco experience, Mr. Haney held senior management positions in sales, marketing and business development for 3Com Corporation and ArrowPoint Communications (acquired by Cisco). While at ArrowPoint, Mr. Haney led the team that increased revenue from $0 to an $80 million run rate, which eventually led to Cisco's $5.9 billion acquisition of ArrowPoint. In private equity, Mr. Haney has made eight major investments over the last two years and was the lead on two of them.
Mr. Haney holds a BA in Political Science from California State University, Long Beach, and an MBA from Pepperdine University.
"Kirk's expertise in creating and nurturing top selling organizations will help guide our direct sales and channel development efforts as we accelerate penetration into the university and municipal/public safety markets," stated Jerry Dix, 5G Wireless CEO. "He also possesses the real world insights and connections 5G requires to become a major player in the wireless broadband space. We are delighted to have Mr. Haney as the latest board member bringing the total board members to 5, of which 3 are independent."
About 5G Wireless Communications, Inc.
5G Wireless Communications, Inc., located in Marina del Rey, CA, develops and sells wireless broadband solutions. 5G Wireless customers receive dependable, high-speed Internet access at lower acquisition and implementation costs than most major competitors. 5G Wireless' products are distinguished by their exceptional data rate/range, number of concurrent users, non- line-of-sight capabilities and a unique security protocol. These features are particularly significant through 5G Wireless' use of IEEE 802.11b enhancements for "last mile" roaming and point-to-multi-point networks.
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