Science & Technology
Fri, September 23, 2011Thu, September 22, 2011Wed, September 21, 2011Tue, September 20, 2011Mon, September 19, 2011Sun, September 18, 2011Fri, September 16, 2011Thu, September 15, 2011Wed, September 14, 2011Tue, September 13, 2011Mon, September 12, 2011Sun, September 11, 2011Sat, September 10, 2011Fri, September 9, 2011Thu, September 8, 2011Wed, September 7, 2011Tue, September 6, 2011Mon, September 5, 2011Sun, September 4, 2011Sat, September 3, 2011Fri, September 2, 2011Craig Wireless Enters into Early Renewal of Spectrum Rights Lease with California State University,;; San Bernardino
Published in Science and Technology on Tuesday, September 13th 2011 at 7:43 GMT by Market Wire
RANCHO MIRAGE, CA, Sept. 13, 2011 /CNW/ - Craig Wireless Systems Ltd. ("Craig Wireless" or the "Company") (TSX: CWG) today announced that its subsidiary Craig Wireless Palm Springs Inc. ("CWPS") has, subject to Federal Communication Commissions' approval, entered into an agreement with California State University, San Bernardino ("CSUSB") to replace CWPS' previous 15-year lease for use of spectrum rights in the Palm Springs, California region with a new 30-year lease (the "Lease"). The Company has agreed to guarantee CWPS' obligations under the Lease.
"Craig Wireless is very pleased with this early extension. With this extension, Craig Wireless' relationship with California State University, San Bernardino is solidified and ensures Craig Wireless' presence in the Coachella Valley for the foreseeable future. We look forward to continuing to expand our customer base with leading edge 4G wireless internet solutions in the Coachella Valley" said Boyd Craig, Chief Executive Officer of Craig Wireless.
About Craig Wireless Systems Ltd.
Craig Wireless and its affiliates (collectively, the "CWS Group") offer a broad range of telecommunications services, including, broadband internet access, business connectivity solutions, hosting, security and telecommunications solutions. Through certain members of the CWS Group, Craig Wireless holds or leases licenses for spectrum in the 2.5 GHz, 2.6 GHz or 3.5 GHz bands in Riverside County in Southern California, United States and in Greece. The CWS Group also has spectrum interests in Norway and New Zealand. Spectrum in these ranges is effective for delivery of point-to-multipoint signals, possesses robust bandwidth capability and supports emerging 4G-based services and applications, including portable and mobile applications.
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.
Notice on forward-looking statements
This release includes forward-looking statements regarding Craig Wireless and its business. Such statements are based on management's current expectations. The forward looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Craig Wireless and its business. Not to limit the generality of the foregoing, the forward-looking information set forth in this news release is subject to various risks and other factors including receiving all necessary regulatory approvals and consents and currency fluctuations. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Craig Wireless does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
