Ricochet to Provide City and County of Denver with ''Wi-Fi(R) in the Mile High'' Wireless Access
02 April 2007 - 11:00PM
Business Wire
Ricochet Networks, a wireless Internet service provider (WISP)
headquartered in Denver, Colorado and a wholly owned subsidiary of
Terabeam, Inc. (NASDAQ: TRBM), today announced that it has reached
an agreement with the City and County of Denver, Colorado, to
incorporate Wi-Fi�, WiMAX, and other broadband services into the
City�s existing right-of-way contract with Ricochet. This will
allow Ricochet to provide �Wi-Fi in the Mile High� eventually to
the entire footprint of the City and County of Denver. First to �go
live� will be sections of the City�s Capitol Hill and Golden
Triangle downtown neighborhoods, an area of approximately 2.5
square miles. The new Ricochet �Wi-Fi in the Mile High� scalable
mesh network will be powered by Wi-Fi Mesh, point-to-multipoint and
wireless backhaul equipment from Proxim Wireless, also a wholly
owned subsidiary of Terabeam. �This will be a great opportunity for
us to show what is possible with a Proxim metropolitan wireless
solution. Ricochet will be utilizing our dual channel AP-4000-MR
and MP.11 point-to-multipoint products to offer Wi-Fi services in
Denver. Proxim�s end to end solution will provide a state of the
art network that is very robust with excellent performance� stated
Pankaj Manglik, President and Chief Operating Officer of Proxim
Wireless. �We are pleased that one of our hometown companies is
expanding the wireless services available to Denver residents,�
said Denver Mayor John Hickenlooper. �We appreciate Ricochet�s
support in connecting the Mile High City to the world.� The
existing Ricochet network, a patented mesh Micro Cellular Data
Network providing high-speed, wire-free Internet access, has been
operating since 2002 in the Denver metropolitan areas and serves
more than 6,000 municipal, residential, and business users. Denver
currently utilizes Ricochet wireless modems in many police mobile
units and other city agencies, according to Darryn Zuehlke,
Director of the Denver Office of Telecommunications. �Denver prides
itself on striving to deliver the best in city services to
businesses and residents, and Ricochet will help us continue to do
so,� said Zuehlke. �We are honored that the City has placed its
trust in us and expanded our contract to include the deployment of
Wi-Fi, WiMAX, and other broadband technologies. We have been
operating one of the world's largest wireless mesh networks for
years in Denver. I can't think of a greater validation of
Ricochet's commitment to our communities and users than to be
chosen by the City of Denver to offer Wi-Fi in the Mile High
Wireless Mesh,� said Judi Evans, President of Ricochet Networks.
�The initial deployment in these two key downtown areas of Denver
will serve as a model for futures expansion throughout the City and
County.� About Ricochet Networks Ricochet Networks, Inc. is a
subsidiary of Terabeam, Inc. (NASDAQ: TRBM). Ricochet is a leading
portable Wireless Internet Service Provider (WISP) with operational
markets in Denver, Colorado and San Diego, California. With a large
customer base and over 500 square miles of portable coverage,
Ricochet is one of the largest, if not the largest, WISP with a
wireless mesh network operating exclusively in license-free
frequencies. The Ricochet� technology provides a robust, fast,
simple, and secure wireless Internet solution for both government
and consumer use. Additional information about Ricochet Networks as
well as coverage maps and specific services offered can be found at
http://www.ricochet.com or by contacting the company by telephone
at 303-572-1200 or by email at info@ricochet.com. About Proxim
Wireless Proxim Wireless Corporation is a wholly owned subsidiary
of Terabeam, Inc. (NASDAQ: TRBM). Proxim Wireless is a global
pioneer in developing and supplying scalable broadband wireless
networking systems for service providers, municipalities,
governments, and enterprises. The company�s end-to-end wireless
products � including Wi-Fi� mesh, WiMAX, MeshMAX�, WLAN, and
wireless backhaul � are available through an extensive global
channel network, backed by world-class support. Proxim is a
Principal Member of the WiMAX Forum and is ISO-9001 certified.
Information about Proxim and its products and support can be found
at http://www.proxim.com. Legislative Compliance Statement from the
City and County of Denver This service and contract modification
comply with Senate Bill 152 (passed in 2005) which limits local
government from entering into wireless agreements because 1) SB-152
grandfathered in pre-existing wireless contracts such as
Ricochet�s, and 2) the City is not utilizing any taxpayer monies,
or other funds, nor receives any monetary benefit from the service.
The existing right-of-way contract was amended to allow Ricochet to
put up Wi-Fi and Wi-MAX radios and access points in the ROW in
addition to their existing radio units. Relation to Wireless
Request For Proposals Issued by Denver This contract is not related
in any way to the Wireless RFP issued by the City & County of
Denver in 2005, nor should it be construed as the winning contract
in that RFP. This is a pre-existing wireless contract between
Ricochet and the City. Safe Harbor Statement Statements in this
press release that are not statements of historical facts are
forward-looking statements that involve risks, uncertainties, and
assumptions. Our actual results may differ materially from the
results anticipated in these forward-looking statements. The
forward-looking statements involve risks and uncertainties that
could contribute to such differences including those relating to
uncertainties as to the extent of any future network expansions or
any specific types of services available in any specific geographic
region; delays or changes in or cancellation of planned or possible
network expansions or service offerings; difficulties in overcoming
the network installation and operational challenges relating to any
specific customer; policies and controls implemented by Ricochet
from time to time; factors beyond our control such as weather,
geographic, and interference issues; and difficulties or delays in
supplying products and services with the features, performance,
compliances, certifications, cost, price, and other characteristics
desired by customers. Further information on these and other
factors that could affect actual results is and will be included in
filings made by Terabeam from time to time with the Securities and
Exchange Commission and in our other public statements.
Terabeam (NASDAQ:TRBM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Terabeam (NASDAQ:TRBM)
Historical Stock Chart
From Jul 2023 to Jul 2024