CSI Wireless announces $4M of new desktop cellular telephone purchase orders
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Calgary, Alberta - Nov. 9, 2005 - CSI Wireless Inc., a designer and manufacturer of advanced wireless and GPS products used in more than 50 countries, today announced $4 million of new purchase orders for CSI's desktop cellular telephones. The orders are for CSI's increasingly popular GSM-based phones, and are to be fulfilled by Jan. 31, 2006.
"These orders are indicative of the continuing strength of our fixed wireless business," said Stephen Verhoeff, CSI Wireless' President and CEO. "The fourth quarter should see us ship a record volume of phones, and we expect more growth as cellular carriers that have tested and approved our phones for use on their networks increase their quarterly purchases."
The purchase orders that CSI Wireless announced today follow $13 million of similar orders announced Sept. 28, most of which are to be shipped in the fourth quarter of 2005. The combination of these orders reflects both continuous business that CSI Wireless has under contract, and individual purchase orders from carriers that recently approved the phones for their networks' use.
"Market interest in our desktop cellular or fixed wireless phones is escalating in the many countries where conventional copper-wire phone service is unavailable or very expensive" Mr. Verhoeff said. "We are now selling our phones in several regions around the world."
CSI Wireless' GSM phones have been approved by 23 cellular carriers worldwide. Another 39 GSM carriers are progressing through product testing and approval processes. Meanwhile, CSI's TDMA phone has become the most popular TDMA desktop cellular phone in Latin America.
CSI began manufacturing a TDMA-based desktop cellular telephone in late 2002. The 300 Series phone has become very popular in Mexico and other Latin American markets. Following the 300 Series' success, CSI entered the much larger GSM market - including networks in 170 countries worldwide encompassing more than 70% of global cellular users - by introducing two GSM desktop cellular phones.
The 400 Series is an entry-level GSM product for consumers wanting superior-quality voice service at a competitive price, while the 410 Series provides the same superior-quality voice service plus the added capability of data through GPRS enabling the added value and convenience of supporting text-messaging, internet and email capabilities.
Desktop cellular phones enable rapid, low-cost telecommunications service to consumers in regions throughout the world where traditional copper-wire landline phone service is unavailable or unaffordable. Compared to portable cellular phones, desktop cellular phones provide much broader signal range and better voice quality. They plug into standard AC electrical power outlets, and resemble standard desktop or wall-mounted phones. The primary markets for CSI's desktop cellular phones are private homes and small businesses.
About CSI Wireless
CSI Wireless designs and manufactures innovative, cost-effective, wireless and GPS products for mobile and fixed applications in the agriculture, marine, automotive and other industries. CSI is a leader in several high-growth markets including Desktop Cellular Telephones, Precision Guidance in Agriculture, and Telematics. The Company, through its Wireless and its Hemisphere GPS divisions, owns numerous patents and other intellectual property. It has licensed its cellular technology to GPS, cellular handset, and chipset manufacturers. CSI's common shares trade on The Toronto Stock Exchange under the trading symbol "CSY", with approximately 46 million outstanding. The company's head offices are in Calgary, Alberta, and it has major product development, sales and marketing facilities in California's Silicon Valley, Arizona and Kansas. For more information about CSI, go to www.csi-wireless.com.
The above disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond CSI Wireless' control, including: the impact of general economic conditions, industry conditions, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, stock market volatility and market valuations of companies with respect to the announced transactions and the final valuations thereof, and obtaining required approvals of regulatory authorities. CSI Wireless' actual results, performance or achievement could differ materially from those expressed in, or implied by these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, CSI Wireless will derive therefrom.
For more information, please contact:
Stephen Verhoeff
Cory Pala
Jeff Adams
President & CEO
Investor Relations
Public Relations Manager
CSI Wireless Inc.
E-vestor Communications Inc.
CSI Wireless Inc.
403-259-3311
416-657-2400
403-259-3311/615-8747 (cell)
cpala@evestor.com
jadams@csi-wireless.com
