News






For Immediate Release

IWICS Forms Joint Venture Partnership in Malaysia

(03/31/2006 - Bothell, Washington, USA)

IWICS Inc. has entered into a Joint Venture partnership with GreenPacket Sdn Berhad of Malaysia. The JV is incorporated as a Malaysian company under the name of PacketOne International Sdn Berhad. IWICS will own a 30% stake in PacketOne International.

PacketOne International will offer IWICS ODMA™ products and solutions to customers in Malaysia and over 30 countries in Southeast Asia and the Middle East. PacketOne International holds an exclusive license to offer ODMA solutions in Malaysia. PacketOne holds marketing rights to the remainder of the countries coverd by the Joint Venture agreement. “PacketOne International represents an exciting opportunity for IWICS to promote and distribute its technology to a large customer base,” said James Larsen, Chairman/CEO of IWICS. “Our partnership with GreenPacket holds the promise of significant acceleration of the IWICS business model that encourages the formation of partner relationships like PacketOne to distribute IWICS ODMA technology to our potential customer base."


About IWICS, Inc.

IWICS, Inc is creating new capabilities for high-speed wireless communications systems based on its revolutionary, patented Subscriber Relay technology collectively known as ODMA™. IWICS’ Opportunity Driven Multiple Access™ technology delivers unparalleled capability for secure last-mile wireless communication systems that deliver higher throughput, better coverage, and lower cost than existing wireless technologies. ODMA works in conjunction with other wireless technologies such as Wi Fi (802.11) and WiMax (802.16) to greatly improve the performance and efficiency of wireless networks. IWICS has patented its ODMA portfolio in nearly 50 countries and is expanding its coverage throughout the world. Headquartered in Bothell, Washington, USA, IWICS has manufacturing and support subsidiaries in Taiwan, Malaysia and the UK. Parties interested in learning about the benefits of becoming a WIDENET ODMA Network Service Provider or discovering more about our products can contact IWICS at sales@iwics.com.

About GreenPacket

Green Packet is a leading global developer of next-generation mobile broadband networking solutions. The mission is to provide a seamless and unified platform to deliver of user-centric multimedia communication and services, regardless of the nature and availability of the backbone infrastructure. The company offers an extensive range of flexible and scalable solutions for carriers, mobile enterprises and mobile workgroups through a technology that is integral and critical to the entire wireless value chain. Green Packet counts several major telecommunication operators, OEM's and enterprises as its clientele. These include China Telecom Group, Maxis Communications Bhd, Far EasTone Telecommunications Co Ltd, Chunghwa Telecom Co Ltd, Dell, BenQ, NEC, Intel and many others.

http://www.greenpacket.com



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