LGE Licenses i-Burst

SAN JOSE, Calif., and SEOUL, South Korea -- ArrayComm, Inc. and LG Electronics (LGE) today signed an agreement for LGE to license the i-BURST Personal Broadband System. LG will manufacture and distribute base stations and wireless modems, with commercial product availability expected in the second half of this year. The i-BURST system provides the freedom of wireless and the speed of DSL at the cost of a dial-up connection. "We're proud that LG Electronics, a leader in telecommunications and consumer electronics, has recognized the enormous potential of the wireless broadband market," said Martin Cooper, chairman and CEO of ArrayComm. "We are pleased to be teamed with them as they bring i-BURST equipment to network operators worldwide. Korea's leadership in broadband deployment makes this relationship with a Korea-based industry leader like LG even more exciting." "This agreement represents a multi-billion-dollar opportunity for our company," said James (Jong-Eun) Kim, CEO and president, Telecommunication Equipment and Handset Company, LG Electronics Inc. "Not only do we expect to become a leading provider of wireless broadband products for the Korean market, we also see many promising new markets around the world for this technology. We are looking forward to supporting and profiting from our collaboration with ArrayComm." LGE plans to have its wireless modems ready for CKW Wireless's commercial deployment of the i-BURST system in Sydney, Australia, in the third quarter of this year. CKW Wireless, a subsidiary of ArrayComm, is currently conducting phase one deployment in Sydney. LG Electronics Inc. ArrayComm Inc.