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TESSCO to Offer Airpath Solutions for Wi-Fi Hot Spot Internet Access
HUNT VALLEY, Md., Aug. 15 - TESSCO Technologies Incorporated (Nasdaq: TESS), a leading supplier of integrated product plus supply chain solutions to the wireless communications industry, announced an agreement with Airpath Wireless, Inc., a recognized leader in the creation, deployment and interconnection of Wi-Fi Hot Spot Internet Access.
Under the agreement, TESSCO has exclusive rights to provide the integration of Airpath hot spot back-office software, including their Hot Spot Billing Suite(TM) and the Airpath Roaming and Settlement network. Airpath adds value to broadband equipment vendors by creating "Powered By Airpath" or "Airpath Approved" device to complete their broadband equipment solution. The agreement also includes co-marketing and sales efforts.
"Airpath is very excited about our relationship with TESSCO. TESSCO's extensive network of Broadband manufacturers is an asset for us. TESSCO's ability to go to market through strong relationships across diverse customer audiences is important for getting Airpath solutions to the many different types of customers that can benefit from providing Wi-Fi access. With TESSCO's legendary customer support, these customers will have the quality service we want to present to the marketplace. Together, we are better able to proliferate Wi-Fi technology," said Tim Barrett, president and co-founder of Airpath Wireless.
According to Rick Guipe, TESSCO's senior vice president of sales and market development, "With the Airpath back-office solutions, our Broadband manufacturers go to market with a stronger product for the end-user. The Airpath broadband solution provides TESSCO's carriers, service providers, and especially resellers an additional revenue opportunity. The proliferation of Hot Spot sites throughout the marketplace is contingent on easy to implement and administer roaming and billing solutions. The Airpath solutions, which can be up and running immediately, will make broadband access and billing issues a non-factor to the proprietor."
About Airpath Wireless, Inc.
Airpath Wireless, Inc. is a privately held corporation headquartered in Toledo, Ohio. The Company provides the creation, deployment and interconnection of Wi-Fi Hot Spot Internet Access worldwide through Airpath's centralized billing system, called Hot Spot Billing Suite(TM) and the Airpath Member Network. The Member Network is made up of WISPs that interconnect Hot Spot networks through Airpath's centralized settlement system. Airpath's Integration Services consult with other integrators or property managers to deploy Hot Spots.
ABOUT TESSCO
Welcome to TESSCO Technologies Incorporated: "the vital link to a wireless world"(TM). TESSCO links customers with integrated product plus supply chain solutions configured from product choices made by world-class manufacturers. For customers, TESSCO is the leader in providing Your Total Source(R) solutions to the professionals that design, build, run, maintain and use wireless voice, data, messaging, location tracking and Internet systems. While improving the way its customers do business, TESSCO presents, markets, sells and supports manufacturers' products as a part of a total customer solution, thus providing a cost-effective channel to a broad and diverse customer base. Our operational platform providing Knowledge, Configuration, Delivery and Control, streamlines the supply chain process and lowers customers' total inventories and costs by providing guaranteed availability and complete, on-time delivery to the point of use.
TESSCO began its "total source" operations in 1982 and completed its public offering (Nasdaq: TESS) in 1994. Today, TESSCO operates 24 hours a day, seven days a week, under ISO 9001:2000 registration. TESSCO's Global Logistics Center and Solutions Development Center in Hunt Valley, Maryland and Americas Logistics Center in Reno, Nevada configure orders for complete, on-time delivery throughout the world. Its solution offerings, consisting of over 34,000 items from over 400 manufacturers, fall within the broad categories of network infrastructure, mobile devices and accessories, and test and maintenance products. TESSCO currently serves approximately 14,000 business customers and 46,000 consumers per quarter, including a diversified mix of cellular, PCS and paging carriers, wireless ISP, fixed broadband and mobile dispatch operators, infrastructure site owners, contractors and integrators, wireless dealers, value-added resellers, retailers, self- maintained users and consumers.
To learn more about TESSCO Technologies Incorporated, we invite you to search our award winning Web site, TESSCO.com(R), for information about our company, our value proposition and our commitment to continuous improvement.
This press release may contain a number of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified by the use of the words " may," "will," "expects," "anticipates," "estimates," and similar expressions and involve a number of risks and uncertainties. For a variety of reasons, actual results may differ materially from those described in any such forward-looking statement. Consequently, the reader is cautioned to consider all forward- looking statements in light of the risks to which they are subject.
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