Stock Update (NASDAQ:DRWI): DragonWave, Inc.(USA) Harmony Enhanced Solution Selected for 3G/4G Network in India

DragonWave, Inc.(USA) (NASDAQ:DRWI), a leading global supplier of packet microwave radio systems for mobile and access networks, today announced it has signed a supply agreement for DragonWave microwave radio systems and related services with a leading Indian telecommunications company. Under this new supply agreement, DragonWave has received initial purchase orders to provide more than 3,000 turnkey links of its next-generation Harmony Enhanced high-capacity, long-reach microwave radio system to support the mobile operator’s upgrade and expansion of its nationwide 3G and 4G wireless services in India.

The Harmony Enhanced was selected to deliver industry-leading capacity and spectral efficiency utilizing DragonWave’s unique Bandwidth Accelerator bulk compression capability, which allows the mobile telecom leader to maximize the capacity achievable in scarce backhaul spectrum. The low latency of DragonWave Harmony Enhanced enables this operator to deliver a comprehensive suite of services including high-quality voice, video and enterprise mobile applications.

“DragonWave is committed to supporting this innovative and progressive global telecommunications services provider in delivering the highest level of service to millions of customers across its operations,” said Peter Allen, DragonWave President and CEO. “Its sharp focus on quality and customer service continues to drive its growth in India. The DragonWave solution was selected following a rigorous process and we are delighted to partner in delivering high-speed broadband over its best-in-class network.” (Original Source)

Shares of Dragonwave closed yesterday at $0.6197 . DRWI has a 1-year high of $2.55 and a 1-year low of $0.50. The stock’s 50-day moving average is $0.68 and its 200-day moving average is $0.86.

DragonWave Inc is a provider of high-capacity packet microwave solutions that drive next-generation IP networks. Its products are wireless network backhaul equipment.

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