NextWave Wireless Inc. (NASDAQ: WAVE), a global provider of
enabling mobile multimedia and wireless broadband technologies, today
announced the formation of two new business units, NextWave Mobile
Products and NextWave Network Products, to enhance the company´s
ability to meet growing market demand for its cutting-edge mobile
multimedia and wireless broadband products and technologies.
"In less than three years, NextWave has grown into a global
provider of mobile multimedia and wireless broadband solutions to many
of the largest network operators and device manufacturers in the
world," said Allen Salmasi, CEO of Wireless. "In recognition of our
triple-digit revenue growth, and the fact that we now have more than
1,100 employees in 29 international offices, we are realigning our
operations into two highly focused business units, NextWave Mobile
Products and NextWave Network Products. This will help us sustain our
rate of growth and will make it much easier for us to provide our
customers with solutions that seamlessly integrate our wide range of
innovative products and technologies."
NextWave Mobile Products, comprised of the company´s PacketVideo
(PV) subsidiary and the company´s semiconductor development group,
will develop and deliver advanced multimedia software and content
management solutions, baseband and RF chipsets, and device reference
designs to network operators and mobile device manufacturers. NextWave
Mobile Products will market its semiconductor products under the
NextWave Wireless brand and will continue to market its software and
media content solutions under the PV brand. The new business unit,
which is headquartered in San Diego, will be headed by James Brailean,
Ph.D., who will also remain CEO of PV, which was acquired by NextWave
in 2005.
NextWave Network Products will be comprised of NextWave´s
IPWireless and GO Networks subsidiaries. Both companies, acquired in
2007, will begin an immediate transition to the NextWave Wireless
brand. The new business unit, which also includes NextWave´s network
services and systems development businesses, will focus on providing
network operators around the world with wireless infrastructure
equipment and end-to-end, wireless broadband and mobile broadcast
network systems. Headquartered in San Diego, CA, NextWave Network
Products will be headed by William Jones Ph.D., currently CEO of
IPWireless.
"Jim Brailean and Bill Jones are outstanding leaders with decades
of experience in pioneering the delivery of leading-edge mobile
multimedia and wireless broadband solutions to customers around the
world," added Salmasi. "They have unparalleled knowledge of the
fast-moving global wireless industry, track records of exceptional
innovation, and a commitment to drive the future growth of NextWave
Wireless."
As CEO of NextWave Mobile Products, Dr. Brailean will be
responsible for managing NextWave´s software and semiconductor
businesses including NextWave´s family of advanced fourth generation
(4G) semiconductors for mobile phones, broadband devices and consumer
products, and mobile multimedia software products such as PV´s
industry-leading device-embedded software. He will continue serving as
CEO of PV which he founded in 1998. Under his leadership, PV has grown
into the world´s leading independent supplier of device-embedded
multimedia software which can be found in over 200 million handsets
around the world. In addition, in November 2007, PV became a founding
member of the Open Handset Alliance (OHA) led by Google and was
selected to provide the multimedia sub-system software to the OHA´s
new Android(TM) platform. Dr. Brailean is a recipient of the Lifetime
Achievement Award from the Mobile Entertainment Forum for his
contributions to the acceleration of the development and adoption of
mobile multimedia services worldwide.
As CEO of NextWave Network Products, Dr. Jones will be responsible
for the development and delivery of NextWave´s advanced wireless
broadband and mobile broadcast network products and end-to-end system
solutions. As CEO of IPWireless, which he co-founded in 1999, he
established the company as an industry leader in next-generation
wireless broadband and mobile TV technologies, and led the development
of TDtv, a UMTS-based mobile broadcast system successfully tested by
some of the industry´s largest mobile network operators. Dr. Jones has
over 20 years of experience in developing advanced wireless
technologies and holds several patents related to wireless broadband
and CDMA technologies.
About NextWave Wireless
NextWave Wireless Inc., (Nasdaq: WAVE) provides the software,
systems, and silicon solutions that enable cutting-edge mobile
broadband communications including mobile broadcast and multimedia
services. The company´s products and technologies include mobile
television and broadcast solutions, a family of high-performance
wireless broadband semiconductors, end-to-end mobile broadband
systems, and device-embedded mobile multimedia software that can be
found in over 200 million handsets around the globe. NextWave´s
customers include many of the largest mobile handset manufacturers,
network equipment suppliers, and wireless service providers in the
world. NextWave has obtained a licensed spectrum footprint in the U.S.
that covers over 248 million people and mobile broadband spectrum in
numerous international markets including Germany, Switzerland, Japan,
Argentina, and Austria. The Company intends to make its spectrum
available to service providers looking to deploy next-generation
wireless broadband networks that utilize NextWave´s advanced wireless
broadband products and technologies. Visit NextWave at
www.nextwave.com.
Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" for
purposes of the Private Securities Litigation Reform Act of 1995 that
involve risks and uncertainties. There can be no assurances that
forward-looking statements will be achieved, and actual events or
results could differ materially from the events or results predicted
by such statements. Important factors that could cause actual events
or results to differ materially are discussed in greater detail in the
filings of NextWave with the Securities and Exchange Commission. All
such documents are available through the SEC´s website at www.sec.gov.
NextWave makes no commitment to update any forward-looking statements
in order to reflect subsequent changes in events or circumstances
except as may be required pursuant to applicable law.
