BARCELONA, February 17 /PRNewswire/ -- Quantum Telecom Inc. ("Quantum",
OTC.PK: QTMI) unveils today at the Mobile World Congress in Barcelona its
first Ultra Low Cost (ULC) GSM-WiMAX handset. The handset is powered by
Runcom's ground breaking OFDMA technology, which is developed for WiMAX and
LTE. The handset integrates GSM and WiMAX chipset, capable of voice calls,
VOIP calls, and high speed data connection up to 10Mbps on 2.3GHz or 2.5GHz
WiMAX spectrum. According to the WiMAX Forum, it is expected that WiMAX
coverage will reach 800 million users by 2010, and Quantum intends to supply
the demand for ULC handsets.
"This represents a significant milestone for Quantum. Having the ability
to offer GSM-WiMAX handsets at competitive price points puts Quantum in
substantial growing future. The demand for this kind of wireless handsets
will be massive. Quantum expects orders for delivery during Q3 2009," stated
Momi Nahum, CEO of Quantum Telecom Inc.
"We believe that this handset, which was developed by Quantum in a record
time, will be a massive addition to Runcom's end-to-end network offering to
operators worldwide. This product represents the future of Mobile WiMAX,"
stated Dr. Zion Hadad, CEO and Chairman of Runcom.
About Runcom Technologies
Runcom Technologies Ltd. develops superior technological standards and
products that target the emerging Beyond-3G market, known as WiMAX and LTE,
enabling the delivery of enhanced communications services to cellular phones
and other mobile devices. Runcom is the recognized pioneer of OFDMA(R)
technology, accepted as the preferred solution for the IEEE 802.16a BWA
standard, enabling telecoms to provide customers with enhanced voice and data
services. The technology continues to strike roots in the expanding wireless
agenda, recently becoming a cornerstone of the emerging 802.16e standard for
Wireless MAN (Metropolitan Area Networks). Runcom's leading standing in the
OFDMA(R) solutions arena and its ability to provide a vertical oriented
solution from silicon to complete networks, positions it competitively to
lead the way in providing WiMAX solutions in global market.
About Quantum Telecom Inc.
Quantum Telecom Inc. is focusing in developing, design & manufacture of
custom designed mobile phones. The company, through its subsidiaries,
operates in various wireless segments among them are GSM-WiMAX handsets, life
style handsets under license and integrated prepaid services on OEM handsets.
This diversity of revenue sources is linking to the company expertise in
custom-made handsets in a growing market of over 1.25B handsets per annum.
Certain statements made herein that are not historical are
forward-looking within the meaning of the Private Securities Litigation
Reform Act of 1995 and may contain forward-looking statements, with words
such as "anticipate," "believe," "expect," "future," "may," "will," "should,"
"plan," "projected," "intend," and similar expressions to identify
forward-looking statements. These statements are based on the Company's
beliefs and the assumptions it made using information currently available to
it. Because these statements reflect the Company's current views concerning
future events, these statements involve risks, uncertainties and assumptions.
The actual results could differ materially from the results discussed in the
forward-looking statements. In any event, undue reliance should not be placed
on any forward-looking statements, which apply only as of the date of this
press release. Accordingly, reference should be made to the Company's
periodic filings as posted on the Pink Sheets information service.
