CSI Wireless Receives C$7.5 Million of GSM Desktop Cellular Ttelephone Orders
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CSI Wireless receives C$7.5 million of GSM desktop cellular telephone orders
Follow-Up Orders in the Americas
Calgary, Alberta - March 7, 2006 - (TSX:CSY) - CSI Wireless Inc., a designer and manufacturer of advanced wireless and GPS products used in more than 50 countries, today announced that it has received purchase orders for more C$7.5 million of its GSM-based desktop cellular (or fixed wireless)telephones.
The purchase orders received represent repeat orders for a model of CSI's GSM phone for delivery into the Americas and are expected to be delivered over the first three quarters of 2006. "We are encouraged to see these strong follow-on orders for our GSM phones in these new markets," said Stephen Verhoeff, CSI's President and CEO. "This validates the quality, performance and appeal of the products. In the fourth quarter of 2005, we shipped a record number of GSM phones, and we are seeing good momentum for our GSM phones going forward."
Fixed wireless phones enable rapid, low-cost telecommunications for millions of consumers in regions of the world where traditional copper-wire landline phone service is unavailable or unaffordable.
Compared to portable cellular phones, fixed wireless phones provide much broader signal range and voice quality. They don't require battery recharging because they plug into standard electrical outlets.
CSI Wireless is one of the world's leading suppliers of fixed wireless telephones - offering both GSMbased and TDMA-based models. CSI's Motorola-branded Motorola FX800t product is the largest-selling TDMA fixed wireless phone in Latin America.
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, Telematics and Precision Guidance in Agriculture. 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. Toronto Stock Exchange Symbol: CSY www.csi-wireless.com For more information, please contact:
Stephen Verhoeff Cory Pala
President & CEO Investor Relations
CSI Wireless Inc. E.vestor Communications Inc.
403-259-3311 416-657-2400
cpala@evestor.com
