DragonWave (DRWI) +80% Announces Key Distribution Partnership

Edward Kim  |

DragonWave Inc. (DWI.TO)(DRWI), a leading global supplier of packet microwave radio systems for mobile and access networks, today announced it has signed a new Master Sales and Services Agreement with Ingram Micro Australia. This sent shares higher by 80% on huge volume as this stock retraces some earlier losses.

The agreement between the two companies will see Ingram Micro expand its wireless vendor portfolio to the Australian channel with the introduction of DragonWave's extensive product portfolio. The new partnership complements DragonWave's Harmony Care commitment to better service existing legacy customers and increases local sales capabilities across the region.

"This new agreement with DragonWave allows us to offer more turnkey network solutions with an unmatched, high-capacity microwave solution" said Felix Wong, Ingram Micro Chief Country Executive ANZ. "We look forward to building our partnership together and offering new, innovative, high-capacity microwave solutions to the channel in Australia".

The award-winning Harmony Enhanced MC is ideally suited to provide high bandwidth rural connectivity in the most cost effective manner possible. It's dual channel capabilities and integrated compression enables the delivery of 4 to 8 Gbps in a single radio, providing fiber-equivalent capacities for rural backhaul without having to install expensive fiber connections.

"Our partnership with Ingram Micro Australia further expands our sales and support capabilities across Australia. Ingram Micro will help launch our new Harmony Enhanced MC product line into very important channel markets where wireless networks are playing an ever-increasing role to augment ongoing National Broadband Network fiber builds," said Peter Allen, DragonWave President and CEO.

About DragonWave

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 products is wireless network backhaul. 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.

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