ROADPOST OPENS SHOPRoadpost Inc., a company that specializes in global wireless communications, has officially opened its doors for business in Toronto, ON and Houston, TX.Formerly known as Rent Expre...
December 1, 2001
ROADPOST OPENS SHOP
Roadpost Inc., a company that specializes in global wireless communications, has officially opened its doors for business in Toronto, ON and Houston, TX.
Formerly known as Rent Express Communications Inc., the company was launched to offer a broad range of coverage solutions for individuals and businesses needing to connect from overseas or remote regions of the world.
The company says its products and services range from international-standard mobile phones, with service in more than 120 countries, to Iridium satellite phone services providing coverage in all oceans, air routes and landmasses.
“We established Roadpost to address the unique communication requirements of North Americans when work takes them to areas of the globe where their home-based cellular phones don’t function,” says Roadpost’s president Morris Shawn.
ASIAN MARKET GROWTH CONTINUING
The structured-cabling industry in the Asia-Pacific region is growing at a rate of more than 10 per cent annually, a new study from BSRIA has shown.
The U.K.-based market research firm’s “Asia Pacific Structured Cabling” study points to China, Japan and India as areas of enormous potential. China already controls one-third of the region with a market of US$213 million, but BSRIA says the market is growing at 17 per cent per annum in each of these countries.
The study found Category 5e to be the dominant infrastructure option in most countries in the region. Category 6 is set to rise rapidly as soon as the official standard is approved.
Fiber-optic cabling is also poised for a growth spurt, and BSRIA says users are more likely to choose fiber than Category 7 cabling when their needs exceed the capabilities of Category 6.
WAVERIDER MAKES CUTS
Toronto-based WaveRider Communications, a provider of wireless broadband equipment, has announced a restructuring plan that will cut its staff by 50 per cent. The company is also arranging new short-term financing and initiating a shareholders rights offering for longer-term financing.
WaveRider cut approximately half of its 112 staff members in North America and Australia. In addition, executive staff members have agreed to waive all compensation, while other management personnel will take a 25 per cent pay reduction until the shareholder rights offering has been completed.
“With the continued downturn in the financial markets and the slowdown in the North American broadband market affecting our industry especially hard, it is necessary for us to make these very difficult decisions,” said Bruce Sinclair, WaveRider president and CEO. He says that the company is confident it can achieve profitable operations within the next 12 months.
CABLING SCHOLARSHIP AVAILABLE
Parents with children interested in the telecom field, take note: Motorola and the Society of Cable Telecommunications Engineers (SCTE) are now accepting applications for the Milton Jerrold Shapp Memorial Scholarship.
Awarded annually, the US$20,000 college scholarship is given to a high-school senior who plans to pursue an engineering degree in the cable telecommunications industry. The scholarship was created in honour of Milton Jerrold Shapp, founder of Jerrold Electronics and a former governor of Pennsylvania.
To apply, students must have maintained at least a 3.0 grade point average on a 4.0 scale throughout high school, have plans to pursue an engineering degree, and have a parent who is employed in cable telecommunications.
Cell-Loc Inc., the Calgary-based developer of network-based wireless location systems, has announced a restructuring initiative that will see the company reduce its staff by 44 per cent to approximately 36 employees.
The company is also continuing to pursue revenue opportunities and financing alternatives including a US$40 million staged equity line of credit, which received a preliminary receipt on May 25, 2001.
“This is a pro-active and deliberate effort to link our core competencies with existing markets by optimizing our operations,” said Dr. Michel Fattouche, the company’s president & CEO. “We are building on the confidence that others have expressed in our technology and business plan which focuses on existing markets.”
BICSI ADDS 8TH REGION
It’s official: BICSI of Tampa, FL has conferred “regional status” to its members Down Under.
The Tampa, Florida-based telecom association recently announced that Australia and New Zealand have exceeded the 500 member mark and have been officially designated as Region 8 within BICSI.
Among other benefits, regional status brings the opportunity for BICSI members in the South Pacific to elect their own representative to the association’s Board of Directors. The selected Region 8 Director, who will serve a two-year term beginning in January 2002, will represent Australia, New Zealand, Fiji, Guam and other islands in the South Pacific.