Wavenet wins new $1.25m sales order

15/03/2006 - 10:49

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Perth-based telco company Wavenet has announced a new $1.25 million sales order for the supply of 10,000 Mobitex modems to an existing USA customer.


Perth-based telco Wavenet has announced a new $1.25 million sales order for the supply of 10,000 Mobitex modems to an existing USA customer.

Wavenet chairman Mick Stroud said the re-order, for an Automatic Vehicle Location customer in the USA, was testament to the company's position in the Mobitex modem market and indicated growing demand for the products in the US.
"We are very pleased to see ongoing demand from our regular customers," he said.
"This re-order is further evidence of continued growth in the Vehicle Tracking market worldwide."
"We anticipate being able to deliver a significant portion of this order during the current financial year, further strengthening our ability to deliver on our very positive revenue and profit outlook recently announced in our half year results." said Mr Stroud.
Wavenet's principle business is the development and marketing of innovative wireless solutions and extensible modem architecture.

 

THE FULL MEDIA RELEASE APPEARS BELOW.

WAVENET INTERNATIONAL LIMITED
MEDIA RELEASE 15th March 2006
Wavenet Secures US AVL order for $1.25M
Wavenet is pleased to announce that it has received another order for the supply of
10,000 Mobitex modems to an existing Automatic Vehicle Location customer in the USA.
Wavenet's Chairman Edward (Mick) Stroud said the re-order was testament to
Wavenet's position in the Mobitex modem market and indicated growing demand for the
products in the US.
"We are very pleased to see ongoing demand from our regular customers," he said.
"This re-order is further evidence of continued growth in the Vehicle Tracking market
worldwide."
"We anticipate being able to deliver a significant portion of this order during the current
financial year, further strengthening our ability to deliver on our very positive revenue
and profit outlook recently announced in our half year results." said Mr Stroud.
About Wavenet
Wavenet is a leading edge telecommunications company that develops and markets
innovative wireless solutions and extensible modem architecture. The Company is
publicly listed on the Australian Stock Exchange (WAL) and is based in Perth, Western
Australia. For further information about Wavenet visit our website at
www.wavenet.com.au.
For further information contact:
Mr Steve Metlitzky (CEO)
Telephone: (08) 9262 0200
Facsimile: (08) 9355 5622
Email: wavenet@wavenet.com.au

 

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