Tranzeo to Buy Aperto

Tranzeo strengthens its international market with complete broadband solution

March 31, 2010

1 Min Read

PITT MEADOWS, B.C. -- BC-based Tranzeo Wireless Technologies Inc. (TSX:TZT), a premier manufacturer of wireless broadband and WiMAX communication systems, announced today it has entered into a definitive merger agreement with Aperto Networks, Inc. ("Aperto") and key Aperto shareholders. Under the terms of the merger agreement, and upon the satisfaction of closing conditions, Aperto will be merged into a newly incorporated subsidiary of Tranzeo, with Aperto surviving and continuing to be operated as a wholly-owned subsidiary of Tranzeo.

The merger will greatly increase Tranzeo's market share as it becomes a complete end-to-end broadband solutions provider featuring WiFi, WiMax and LTE products. Aperto's current backlog of all purchase orders is US$8.3 million. This will be added to Tranzeo's current backlog of US$32.7M.

"Acquiring Aperto immediately transforms Tranzeo into a market leading complete solutions provider for major telecommunications operators while still supplying product to Tranzeo's existing wireless Internet service providers," said Jim Tocher, President and CEO of Tranzeo. "With an established world-wide customer base and a pipeline of new customers now in trials, the benefits of today's announcement will start to bear fruit within a year. The future for Tranzeo has never looked better."

Tranzeo Wireless Technologies Inc.

Aperto Networks Inc.

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