Juniper Group Announces $5.4 Million Contract From Major Wireless ISP; Wireless Internet infrastructure build-out continues.
Business Editors
Lansing--(BUSINESS WIRE MICHIGAN/DETROIT)--February 12 2008 12:30pm EST
Juniper Group (OTCBB : Juni -NEWS ) announced today that an initial contract worth in excess of $5.4 million dollars has been awarded by a major Internet-over-Satellite Internet service provider See ISP. (ISP).
This single order for satellite Internet infrastructure equipment represents more than 35% of Juniper Group's 50% revenue in one contract.
The equipment will be used to continue the wireless Internet service provider's national and international build-out of its satellite based, wireless Internet service provider network.
Juniper Group Inc. is already manufacturing the first 600 units of a total of 1,000 DT 8000 Digital Earth Stations as part of the original terms of the contract. A Network Management System, and additional elements within the order, including a suite of custom-engineered solutions for the client, could potentially increase the value of the contract to an even higher amount.
Juniper Group's president and chief executive officer, said: "We are extremely gratified by this order. This supports our stated strategy of aggressively developing the Internet-over-Satellite Infrastructure end of our business.
"We expect that the Internet infrastructure and the digital television sectors will continue to grow in excess of 50% per year for the foreseeable future."
"Our client is a pioneer in the development of this satellite Internet service provider business, and we are pleased to be selected to support their rapidly growing needs," Vlado Hreljanovic concluded.
About Juniper Group, Inc.
Juniper Group, Inc., ("JUNI") through its operating subsidiary New Wave Communications, Inc., occupies an important place in the fastest growing industry in the United States: Telecommunications. As a wireless communications specialist in civil and tower construction and tower modification, enhancement, extension, technology upgrades, equipment modification and reconfiguration of lines and antennas, sweep testing and maintenance, New Wave is answering the call and demand for increased service because of the expansion of the services now being offered by cell phone providers, Cable TV and land line telephone companies.
Increasing broadband width, maintenance and microwave engineering are just a few of the many services Juniper provides for its client companies, which include Wireless/AT&T, Sprint/Nextel, Verizon, T-Mobile, Cricket, Revol, Crown Caste, Bechtel and recently CTSI and Baran.
Juniper is a fully reporting company whose stock trades on the OTCBB under the symbol "JUNI".
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