Science & Technology
Science and Technology
Science and Technology
Mon, May 10, 2010 Update: Infrax Systems (IFXY) and Trimax Wireless Announce Completion of Successful Project
ST. PETERSBURG, FL and NAPLES, FL--(Marketwire - May 10, 2010) - INFRAX SYSTEMS, Inc. (
This network was designed and deployed utilizing the TMAX™ wireless broadband platform exclusive to Trimax. This first phase included US$1.5 Million in equipment and infrastructure, including the NOC (Network Operating Center) and the initial Tier 1 towers that make up the structure for the backbone of the city-wide wireless broadband network. This network, which has also been outfitted with solar power for remote locations, will be used to deliver high speed internet service and low cost telephone service to the entire region.
The Abuja project now moves into its second phase of deployment, in which Trimax will add the next tier of base stations throughout the region. The approximate value of this phase is US$5 Million in equipment. The complete project will cover three of the four largest metropolitan areas in Nigeria and reach 60% of the 180 million people living there. The estimated value of the entire project, including CPEs (Customer Premise Equipment) is approximately US$60 million at completion.
Trimax's customer has recently acquired a portion of the 2.5 GHz spectrum in Nigeria for the purpose of adding WiMAX to the service offering that will now include IPTV services. This spectrum will allow Trimax to showcase their new 802.16e-2005 based WiMAX products.
The Abuja network is the first of Trimax's new G.E.M.I.N.I. (Global Emerging Markets Intelligent Network Infrastructure) initiative. In addition to the Smart Grid related products being developed with Infrax, Trimax has found an attractive niche in the opportunities that arise from these developing countries, and has established a business model that can operate successfully in these challenging environments. Trimax products are uniquely qualified to create high performance IP networking infrastructure over large geographic areas in the most efficient and cost effective manner.
The Company is currently in discussions with numerous other operators in Africa, India, the Middle East, Latin America, and rural/underserved markets in the U.S. for additional contracts which have the potential to substantially augment the scope and scale of Trimax's broadband equipment business over the coming year.
Trimax and Infrax have entered into an agreement for the purchase of Trimax, subject to due diligence over the next 60 days.
About INFRAX Systems
INFRAX Systems, Inc. provides a series of interrelated operational management, communications, and energy grid related products and services which enable a comprehensive and unified solution for communications and applications management of the Smart Grid, municipal and telecommunications networks. The Company's Wireline, Wireless and Fiber Optics network management solutions offer proprietary state-of-the-art software, professional services and integrated systems. INFRAX Systems have been in use by companies seeking the best solution in managing their fiber and coaxial networks for the past 10 years. The Company's software solutions keep track of all aspects of the physical inventory such as fiber builds, access and splice points and connected equipment, in addition to fault isolation and work order management. The scalability of the software systems permits the Company to target small to large Electric Utilities, Cable and Telecom companies on a worldwide basis. Besides the OptiCon Network Manager™ (ONMS), the Company will soon offer additional products and services designed to secure and manage the power grid and alternate energy networks globally.
For INFRAX Systems information, contact [ Investors@InfraxInc.com ] or visit [ www.infraxinc.com ].
About TRIMAX Wireless
Trimax Wireless, Inc. is a leading edge designer, developer and manufacturer of broadband wireless equipment and other innovative technologies.
With the TMAX™ family of products, the company has developed an extremely flexible and versatile wireless IP infrastructure, by leveraging standards-based and emerging technologies. Trimax currently manufactures and distributes globally advanced wireless integrated solutions used to build voice, streaming video and data broadband wireless networks. Trimax's unique modular architecture creates affordable capacity by making the most efficient use of every technology applied.
Trimax products and services allow communication service providers ("local exchange carriers" or LECs, and telephone companies or Telcos), Internet service providers ("ISPs") and other telecommunications users, such as utilities, cable companies, enterprises, municipalities, universities, hospitals, hospitality companies, etc. to effectively build massive scale, outdoor, triple play networks that provide high quality / high speed broadband, mobile and fixed phone and video services utilizing radio frequencies instead of wires. Trimax Wireless, Inc. has developed and owns the proprietary rights for the advanced TRIMAX (TMAX™) radio technology integration. The TMAX product line consists of a series of base stations, wireless broadband routers and edge nodes, including customer premises equipment, which can effectively deliver multiple applications through the same network infrastructure.
For TRIMAX WIRELESS information, visit [ www.trimaxwireless.com ].
Forward-Looking Statements
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
