San Diego, United States
NextWave Wireless Inc. (NASDAQ: WAVE), a global provider of enabling mobile multimedia and wireless broadband technologies, 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.
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Source: Business Wire (Business Wire India)