SAN JOSE, Calif., August 11, 2000 (PRIMEZONE) -- Hybrid Networks Inc. (Nasdaq:HYBR), the worldwide leader in MMDS fixed broadband wireless Internet-access systems, today announced it has formed an alliance with Comsyst Pty Limited of Australia for the delivery of a complete fixed broadband wireless package to service providers throughout the Pacific Rim, Southeast Asia and Australia.
Under the agreement, COMSYST will market Hybrid's Series 2000 two-way wireless system as part of an end-to-end package that will enable telecommunications companies, wireless systems operators and network service providers to deliver high-speed Internet access to their customers.
"The fixed broadband wireless market is growing rapidly around the world and our field-proven systems offer reliable, scalable network solutions to satisfy those demands," said Michael Greenbaum, president and CEO of Hybrid Networks. "This alliance with COMSYST will facilitate our expansion into strategic international markets and strengthen our position as the leader in MMDS fixed broadband wireless systems."
"Hybrid's experience in 51 markets around the world and its technological advances in two-way MMDS fixed broadband wireless systems makes Hybrid the perfect partner choice," said Mario Fairlie, CEO, Comsyst. "We look forward to offering our customers a complete system capable of bringing affordable high-speed Internet access into homes and businesses throughout Australia and the Pacific Rim."
About COMSYST Communications
Comsyst Pty Limited, headquartered in Sydney, Australia, is one of the most experienced and capable systems integrators and equipment suppliers for the broadcasting, satellite systems, telecommunications and allied industries in Australia, South East Asia and the Pacific Rim. COMSYST has recently completed projects in locations throughout Australia, Hong Kong, Papua New Guinea, Vietnam, Indonesia and Myanmar ranging from satellite uplinks to complete broadcast networks. For more information visit www.comsyst.com.au.
About Hybrid Networks
Headquartered in San Jose, Calif., Hybrid Networks Inc. designs, develops, manufactures and markets fixed broadband wireless systems that enable telecommunications companies, wireless systems operators and network service providers to offer high-speed Internet access to businesses and residences. Hybrid was first-to-market with proven technology and patented two-way wireless products that focus on the MMDS and WCS spectrum in the United States and similar spectrum abroad. The company's customers include Sprint, WorldCom, Look Communications and Andrew Corp. With systems in place in 51 markets worldwide, Hybrid is part of more fixed broadband wireless deployments than all of its competitors combined.
For more information, call (408)323-6215 or visit www.hybrid.com.
Some of the statements in this news release are forward-looking statements, and we caution our stockholders and others that these statements involve certain risks and uncertainties. Factors that may cause actual results to differ from expected results include, but are not limited to, the proposed rollouts not proceeding as currently anticipated, our need to raise additional working capital, the effects of competitive products and pricing, economic and political conditions that may impact customers' ability to fund purchases of our products and services, the company's ability to achieve the costs savings anticipated from cost-reduction programs, fluctuations in international exchange rates, the timing of cash payments and receipts, end-use demands for wireless communication services, and other business factors. For information regarding these risks and other related risks, see the "Risk Factors" section of Hybrid's most recent Form 10-K and Form 10-Q on file with the SEC.