DragonWave, Inc. (NASDAQ: DRWI), a global supplier of packet microwave radio systems, announced late Tuesday that it has been awarded a product supply and installation services contract from SmartSky Networks, a North American 4G LTE inflight service provider. Under the terms of this deal, SmartSky will deploy DragonWave’s Harmony Enhanced and Harmony Enhanced MC products to provide high-capacity backhaul for its ground to air 4G LTE network. “DragonWave is excited to be working with SmartSky on its innovative high capacity and low latency inflight offering. This application is ideally suited for Harmony Enhanced MC,” Peter Allen, president and CEO of DragonWave, stated in the news release. “We are also proud to be delivering engineering and installation services in support of this network.” Following news of the SmartSky contract, Nasdaq-listed shares of DragonWave recorded a sharp climb of nearly 60 percent in the Wednesday morning trading session, hitting $1.03 per share just before noon.
To view the full press release, visit http://nnw.fm/kVk1q
DragonWave is a leading provider of high-capacity packet microwave solutions that drive next-generation IP networks. DragonWave’s carrier-grade point-to-point packet microwave systems transmit broadband voice, video and data, enabling service providers, government agencies, enterprises and other organizations to meet their increasing bandwidth requirements rapidly and affordably. The principal application of DragonWave’s portfolio is wireless network backhaul, including a range of products ideally suited to support the emergence of underlying small cell networks. Additional solutions include leased line replacement, last mile fiber extension and enterprise networks. DragonWave’s corporate headquarters is located in Ottawa, Ontario, with sales locations in Europe, Asia, the Middle East and North America. For more information, visit http://www.dragonwaveinc.com.
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