SANTA BARBARA, CALIFORNIA – March 19, 2002 – Moseley, a privately held company, today announced that it has closed on an asset purchase agreement in which Triton Network Systems (TNS) sold its broadband modem business to CarrierComm, Inc., a wholly-owned subsidiary of Moseley.
In connection with the acquisition of Intellectual Property and assets of TNS, Moseley formed a new company, CarrierComm, Inc. CarrierComm is a Delaware Corporation and a wholly owned subsidiary of Moseley. Headquarters are in Santa Barbara, California; with Operations and Service in Rochester, New York; Product Development in Encinitas, California; and Sales and Marketing in the United States and China.
CarrierComm will be a leading provider of point-to-point products for speeds from 16 Mbps to 311 Mbps and covering the 3.5 – 38 GHz frequency bands. Its end-user customers will include major service providers as well as CLECs.
Jamal Hamdani, President & CEO of Moseley, stated, “Moseley will benefit from the enormous know-how and experience garnered by Triton Network Systems via its extensive deployments and pioneering leadership position in the 23-38 GHz and 16-311 Mbps wireless marketplace. We are also acquiring a world-class collection of industry-specific tools, equipment, infrastructure, and employees. This technology acquisition firmly places Moseley as a premier, global, diversified, and profitable wireless company.”
Moseley and its wholly owned subsidiaries Axxcelera Broadband Wireless, CarrierComm and Microwave Data Systems now offer wireless solutions from 9.6 kbps to 311 Mbps covering the 250 MHz to 38 GHz spectrum for both point-to-point and point-to-multipoint applications for the broadcast, industrial, broadband enterprise, and service provider marketplaces.
Moseley is an ISO 9001 company with offices in Santa Barbara, California; Rochester, New York; China; United Kingdom; and Brazil. Distributors and agents in over 70 countries augment Moseley’s 300 employees, including over 75 engineers. Moseley has more than 400,000 ETSI-, FCC-, Anatel-, IC-, UL-, and CE-approved radios deployed in over 120 countries. Additionally, Moseley also provides in-house systems engineering, field engineering, and worldwide installations. Profitable for each year of its operation, Moseley has grown from revenues of US $8 million in 1996 to over US $80 million in 2001.
CarrierComm is a leading provider of point-to-point voice and data transmission technology that enables products with speeds from 16 Mbps to 622 Mbps and covering the 3.5 - 38 GHz frequency bands. The company's in-house ASIC expertise sets it apart from all other competitors and allows CarrierComm to offer spectrum-scalable, rapidly deployable and transparently connected wireless and fiber optic solutions. Headquartered in Santa Barbara, Calif., CarrierComm is a wholly owned subsidiary of the Moseley Wireless Solutions Group Company. The Moseley group, which includes Microwave Data Systems, Moseley Broadcast, and Axxcelera Broadband Wireless, offers wireless solutions from 9.6 kbps to 311 Mbps covering the 250 MHz to 38 GHz spectrum for both point-to-point and point-to-multipoint applications for the broadcast, industrial, broadband, and carrier marketplaces. There are more than 500,000 Moseley-supplied radio links in operation in over 120 countries. For more information on CarrierComm, please visit www.CarrierComm.com.