|[May 01, 2007]
FCC Approves First WiMAX-Class Laptop Card to Be Offered by Clearwire
KIRKLAND, Wash. --(Business Wire)-- Clearwire Corporation (NASDAQ:CLWR), the world's largest WiMAX-class service provider, today marked a major milestone with the Federal Communications Commission's (FCC) final approval of the first WiMAX-class laptop card that will connect to the Clearwire network. Following the FCC approval, the new wireless broadband product is on target to be available in Clearwire markets during the second half of this year.
"The FCC's approval of our laptop card is a significant milestone in bringing to market a 'true broadband' wireless service with a device that facilitates even greater portability than our existing modem permits," said Perry Satterlee, Clearwire president and chief operating officer. "We expect the new laptop card to broaden our potential customer base with more opportunities for customers to access and experience our fast, simple, portable, reliable and affordable wireless broadband services."
"Motorola's Expedience(R) wireless access system delivers high speed, nomadic broadband access for Clearwire's customers, and our new laptop card will give them even more convenience as they connect to the information, entertainment and people that are important to them," said Fred Wright, senior vice president, Motorola Networks & Enterprise.
The new Clearwire laptop card is part of Motorola's wi4 Expedience solutions. The high performance, wireless access modem is a true non-line-of-sight device, requiring only a simple driver to be added to the customer's computer. The product fits into a standard Type II laptop card slot on portable computing devices and is compatible with Microsoft Windows Vista and XP operating systems.
Clearwire, founded in October 2003 by Craig O. McCaw, is a provider of reliable, wireless high-speed Internet service. Headquartered in Kirkland, Wash., the company launched its first market in August 2004 and now offers service in 37 metro markets, covering approximately 8.9 million people in more than 350 municipalities in Alaska, California, Florida, Hawaii, Idaho, Minnesota, Nevada, North Carolina, Oregon, Texas, Washington and Wisconsin in the United States, as well as 1.2 million people in Ireland, Belgium and Denmark (under the Clearwire name through Danske Telecom).
This release contains forward-looking statements which are based on current expectations and beliefs, as well as on a number of assumptions concerning future events made with information that is currently available. Forward-looking statements may include, without limitation, the Company's expectations regarding: future financial and operating performance and financial condition; plans, objectives and strategies; industry conditions; the strength of its balance sheet; and liquidity and financing needs. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside of Clearwire's control, which could cause actual results to differ materially from such statements. For a more detailed description of the factors that could cause such a difference, please refer to Clearwire's filings with the Securities and Exchange Commission, including the information under the headings "Risk Factors" and "Forward-Looking Statements" in our Form S-1 filed on March 7, 2007. Clearwire assumes no obligation to update or supplement such forward-looking statements.
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