WFI Joins With Google Inc. in Bid to Provide Wi-Fi Services to the City of San Francisco6 October 2005
Wireless Facilities, Inc.
(WFI) (Nasdaq: WFII), a global leader in the design, deployment, and
management of wireless communication networks, technology networks and
security systems, announced today that it has joined with Google Inc. in a bid
to provide Wi-Fi services to the City of San Francisco. The proposal,
submitted by Google, is one of several received by the City of San Francisco
on Friday. If Google's proposal is selected, WFI will provide Google with
network engineering and installation services for the citywide network.
Further terms of the proposal were not disclosed.
"As noted in the proposal, WFI is partnering with Google in an attempt to
offer Wi-Fi throughout the City of San Francisco," said Eric DeMarco,
President and CEO of WFI. "We are very pleased that Google has selected WFI
as its network deployment partner. With over a decade of experience
designing, deploying and managing communication networks, WFI can provide a
strong network infrastructure component to the Google bid. We are truly
excited about the prospect of working with Google to provide this service to
the San Francisco community."
The market for citywide municipal networks is growing rapidly. City and
county municipalities are realizing the potential cost and operational
benefits of a wireless network. In its September 2005 "State of the Market
Report," Muniwireless.com projects market growth for municipal wireless
networks to reach 128% year-over-year growth by 2007, representing
approximately $405.6 million in spending.
"The growing municipal wireless market is a strategic focus for WFI. As a
result of our experience designing and deploying both Wi-Fi and cellular and
PCS networks, we believe we are very well positioned to aid local governments
in the deployment of their wireless networks and we expect this market to play
an increasingly important role in our business in the future," concluded
DeMarco.
About WFI
Headquartered in San Diego, CA, WFI is an independent provider of systems
engineering, network services and technical outsourcing for the world's
largest wireless carriers, enterprise customers and for government agencies.
The company provides the design, deployment, integration, and the overall
management of wired and wireless networks which deliver voice and data
communication, and which support advanced security systems. WFI has performed
work in over 100 countries since its founding in 1994. News and information
are available at http://www.wfinet.com. (code: WFI-mb)
Notice Regarding Forward-Looking Statements
This news release contains certain forward-looking statements including,
without limitation, expressed or implied statements concerning the Company's
expectations regarding future financial performance and market developments
that involve risks and uncertainties. Such statements are only predictions,
and the Company's actual results may differ materially. Factors that may
cause the Company's results to differ include, but are not limited to: changes
in the scope or timing of the Company's projects; slowdowns in
telecommunications infrastructure spending in the United States and globally,
which could delay network deployment and reduce demand for the Company's
services; the timing, rescheduling or cancellation of significant customer
contracts and agreements, or consolidation by or the loss of key customers;
the adoption rate of new wireless data services; financial constraints on our
customers that could cause us to write off accounts receivable or terminate
contracts; failure to successfully consummate acquisitions or integrate
acquired operations; changes in the Company's effective income tax rate; the
rate of adoption of telecom outsourcing by network carriers and equipment
suppliers; the rate of growth of adoption of WLAN and wireless security
systems by enterprises; and competition in the marketplace which could reduce
revenues and profit margins. The Company undertakes no obligation to update
any forward-looking statements. These and other risk factors are more fully
discussed in the Company's Annual Report on Form 10-K filed on March 31, 2005
and in other filings made with the Securities and Exchange Commission.
Media Contact: Investor Contact:
Michael Baehr Rochelle Bold
VP of Communications Senior VP of Corporate
Wireless Facilities, Inc. Development & Investor Relations
858.228.2799 Direct Wireless Facilities, Inc.
michael.baehr@wfinet.com 858.228.2649 Direct
rochelle.bold@wfinet.com
Source: PR Newswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
Related Articles
|
