News release historySince there are so many new people here that don't seem to have a history of the company or an understanding of it is all about, here is a post from October that alessard put together. Sorry about the length but it is worth the read if you haven't seen it before. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Feb 20, 1998 - PCS announces record sales and related corporate milestones.
· record $700,000 sales in January 98
· Unique delivered proprietary LMCS?LMDS wireless bi-directional internet solution to WIC Connexus (1 of 2 major LMCS license holders in Canada)
· well positioned to take advantage of the strong interest and $ in the US LMDS spectrum auction
· January 98 Unique completes $600,000 contract with Telewave Communications Corp to design, manufacture & deliver 100 digital broadband transmitters in MMDS spectrum
· Created Digital Audio Networks Ltd (DANI) to exploit DAB
· DANI proprietary end-to-end DAB equipment provided signal for demonstration of Kenwood’s new DAB car radio
· DANI files letter of intent to become Canada’s 1st independent DAB network provider.
April 27, 1998 - Unique Systems, a wholly owned subsidiary of PCS Wireless, Inc, awarded milestone contracts resulting in record orders booked in month.
· $3,000,000 in contracts signed for point to multi-point wireless "LMDS" and "DAB" systems for deployment in North america
· delivery of $2,500,000 delivery of LMDS components to one of Canada’s leading global telecom providers for deployment in US resulting from FCC auction of LMDS spectrum. Management believes this will lead to additional contracts in near future.
· awarded contracts by 3 pioneer operators of DBA in Canada and US - Master FM Ltd. and CBC to supply proprietary MPEG2 audio/data compression systems and workstations, Stanford Telecommunications Inc for various DAB transmitters for testing with 1 of 2 major satellite digital radio operators in US
· As the only North American manufacturer of a complete end to end DAB solution, Unique is well positioned to benefit from this emerging growth market over next several years
May 5, 1998 - PCS Wireless announces partnership agreement to supply specialized wireless equipment to Microcell Connexions Inc
· Unique and COM DEV International will collaborate on development of wireless local access system using Unique’s millimeter-wave wireless distribution configuration for Microcell Connexions Inc. To be called Extended Wireless local Access, EWLA, and designed for residential service for personal communications systems (PCS) carriers. Allows subscriber to use same wireless phone in home as they do elsewhere in CS service area, using same phone # and billing. To be delivered summer of 98
· Unique has developed and filed patent application for a technique which allows for carriage of PCS signals over a (multi)point to multipoint wireless infrastructure. System would reduce capital cost of a system rollout by as much as 40%. Currently in discussions with a number of PCS base station manufacturers with a view to licensing the technology.
June 17, 1998 - UBS and Bay Networks agree to deliver high speed communication systems in the emerging fixed broadband wireless market.
· UBS and BAY agree to provide an interoperable high speed data access solution that uses Bay Networks cable modems and UBS’s wireless technology.
· Extensive discussion on benefits of this product.
July 15, 1998 - UBS awarded milestone contract with major US satellite digital radio service provider, CD Radio
· $3,700,000 contract for DAB installation with CD Radio for 1st major installation of its kind in US.
· contract will ensure Dab will become one the the company’s most significant revenue producers in the immediate future with a further 40 cities in the plan for the full rollout by CD Radio. UBS is positioned to become prime supplier in equipment rollout valued at more than $100,000,000 USD
· expected that UBS to be leading supplier of DAB systems in North America
November 18, 1998 - UBS enters into development agreement with Lucent Digital Video for new digital video applications
· agreement for new digital video applications including new products and end to end digital video solutions, specifically in the areas of terrestrial and satellite distribution
· Andreas Papaniolaou, President of Lucent Digital Video joins UBS Board of Directors
· UBS to conduct much of the r & d as well as systems integration and custom system design to Lucent. Lucent will fund engineering costs and be end-to-end supplier.
February 11, 1999 - UBS showcases DAB system to Singapore Consortium
· UBS chosen to supply a complete DAB system to Andrew Corporation to test Andrew’s new radiating waveguide for NEC Systems Integration and Construction, and Singapore land Transport Authority and Intrawave
March 2, 1999 - UBS ships the first 1kW high power S-Band digital transmitters
· UBS has completed the development of its 1kW High Power S-Band Digital Transmitter and has shipped to customers
· designed for satellite digital radio applications and puts company at forefront of industry.
· Units are being used in feasibility studies for coverage pattern in terrestrial environments in various cities across US with several customers in the final stages of testing
· "Shipment of the units began with the fulfillment of a purchase order from one of the company’s customers. The transmitters will be utilized for the terrestrial portion of a 100 channel satellite-to-car radio system for the broadcast of music and other programming to motorists throughout the United States. Within the upcoming months, Unique Broadband systems will fill outstanding purchase orders for the transmitters, as the Company is now in full production."
March 23, 1999 - UBS is awarded a contract with a leading Canadian Telecommunications company
· awarded a lucrative contract from a leading Canadian telecommunications company to supply the transport system for a wireless Internet project for $500,000
· represents first of many such systems
· discussion of system
April 29, 1999 - UBS establishes a presence in Russia and signs first 2 contracts
· Unique LLC created to market MMDS, DAB, MVDS and cable products in former Soviet Union
· 2 contracts signed in CIS. One to provide all initial digital MMDS system in Kishinev. 2nd with KhazaTelecom for provisioning of national digital MMDS system for transmission of high-speed Internet and data
· currently building similar system for leading Canadian Telco
· UBS announced plans to develop a high speed wireless Internet delivery system for fixed and mobile wireless applications. Will utilize COFDM technology. Company feels it will have the only solution which will have the capacity of providing high-speed transmission of greater than 2 megabits per second of data to a moving vehicle.
May 17, 1999 - UBS investigates move to NASDAQ
· has begun planning its move to NASDAQ
· UBS is leading North American supplier of DAB systems, concurrent with the rollout of the Satellite Digital Audio Radio systems (SDARS) in the US, the company is in a position to take advantage of the opportunities that lie ahead
· increase in investment activity from the US in past few weeks both privately and institutionally. Company has received many calls from brokerage firms in US and Europe
· have hired Peter G Sutherland & Associates to negotiate a volume manufacturing and teaming agreement with a multi-national company in anticipation of being awarded contracts that would require volume manufacturing. UBS currently bidding on a number of such contracts and would need a partner in order to fulfill the delivery requirements
June 2, 1999 - UBS delivers the first of nine high speed wireless Internet transport systems to Bell Canada
· has completed testing and shipped first of nine transport systems for bell Canada’s wireless internet project.
· balance to be ship within 30 days
· discussion of product
June 17, 1999 - UBS announces terrestrial transmission networks for SDARS applications
· announces the addition of COFDM based terrestrial transmission networks for the SDARS applications
June 25, 1999 - UBS signs exclusive contract with Look Communications Inc
· been appointed exclusive supplier of MMDS repeaters for the largest MMDS operator in Canada. Contract covers all VLPR repeater requirements across Canada until Dec 31, 2000
· selected based on superior design and technology, engineering support and excellent field performance
July 22, 1999 - Growing demand for UBS COFDM technology present major opportunities for the company
· Company has been approached by a number of major teleco’s in North America and abroad in order to discuss their requirements for fixed wireless high-speed internet access and wireless local loop solutions
· Microwave team completed latest revision of LMDS transmitter and receiver which is currently being used by Communications Research Council for experimental testing
· been approached by one of largest telcom equipment manufacturer in the world to become OEM supplier. Discussions should be completed in 4-6 months
· has bid on 2 major rollouts for SDARS in US. Unique has been the pioneer developer of this technology and is confident that is will be successful in its pursuit of this business
August 6, 1999 - UBS ships 2 transportable digital radio test systems and announces further business developments
· has shipped 2 complete transportable DAB test systems to CD Radio to be utilized in the testing of prospective sites in 100 cities across US for implementation of their national terrestrial repeater network
· negotiating a non-exclusive OEM relationship with one of Europe leading DAB transmitter manufacturers. UBS to supply MPEG2 source encoders and multiplexors for digital audio transmission. 1st order has been shipped for $125,000
· In final negotiations with world leader in satellite communications with view of establishing partnership to volume manufacture terrestrial repeaters for SDARS. Will give UBS capability to satisfy requirements of an equipment supply contract should company be successful in one of its recent bids to provide a national repeater system
· has just introduced its latest version of DAB multiplexor as designed at request of CBC
August 13, 1999 - UBS appoints Telefonia Y Comunicaiones S.A. (TECOM) as a distributor
· TECOM to purchase $2,100,000 USD of equipment by Dec 31, 2000 as a distributor of USB product lines
· Will increase sales and brand rcognition in South America with numerous opportunities especially in LMDS product line
· TECOM to distribute full UBS product portfolio including LMDS, MMDS, QAM, DAB, and waveguide product lines
Aug 16, 1999 - Unique Broadband Systems, Inc. signs interim services agreement with XM Satellite Radio
- Unique Broadband Systems, Inc. (VSE: UBS) announces that it has been awarded an interim services agreement by XM Satellite Radio Inc. of Washington, D.C., for the design and engineering of terrestrial repeater hardware. ``This contract could represent the opportunity for Unique Broadband Systems to play an integral role in the future of radio and to participate in the first national deployment of a satellite digital radio network,'' said Stephen J. Rosen, Vice-President and CFO of the Company.
- XM is in the process of selecting a vendor for its repeater hardware. UBS is part of one of the teams bidding for the definitive contract. During the next 90 days, UBS will develop preliminary design and specifications for the XM repeater hardware. At the end of the 90-day period, XM is expected to make a final decision on the definitive contract.
September 02, 1999 - Unique Broadband Systems Completes Development of a Bi- directional Repeater
- Unique Broadband Systems, Inc. (VSE: UBS) has completed the development of 5, 20 and 50 watt fully redundant bi-directional repeaters. The repeaters are designed for wireless video, voice and data applications. MMDS is experiencing growth worldwide, in developing countries MMDS systems are quickly becoming the primary method of television transmission while countries with an established infrastructure are also realizing the benefits and cost savings of MMDS. As MMDS coverage increases the consumer demand for additional services from the same provider has also increased. The bi-directional repeater will allow wireless license holders to provide television, voice and data with all the reliability and speed that subscribers expect but at a fraction of the cost of a wired system. The bi-directional repeater is a fully redundant, outdoor, pole mount unit that is designed for maximum reliability and versatility. The repeaters are housed in a weatherproof enclosure making it suitable for a variety of environments. The enclosure also features a hinged front panel for easy access to all system components making it possible for the repeaters to be upgraded and repaired on site. ``There are new revenue generating opportunities available to wireless service providers and the bi-directional repeater offered by Unique Broadband Systems is the key to capitalizing on these opportunities,'' said Alex Dolgonos President and CEO of Unique Broadband Systems.
September 21, 1999 - Unique Broadband Systems, Inc. Announces Record Financial Results
- Unique Broadband Systems, Inc. (VSE: UBS) today reported its consolidated 1999 fiscal year-end results. For the year ended May 31, 1999, a net income of $80 thousand or $0.001 per common share was earned. These results compare with a loss of $4.1 million or $0.078 per common share for the year ended May 31, 1998. Consolidated sales for fiscal 1999 ($9.3 million) increased 282% over fiscal 1998 ($3.4 million). Much of the increase in revenue is due to the Company's success in penetrating the emerging US satellite digital radio marketplace.
September 23, 1999 - Unique Broadband Systems, Inc. announces record fourth quarter results
- Unique Broadband Systems, Inc. today announced the results for the fourth quarter May 31, 1999. Revenue for the quarter was a record for the Company at $3,950,481, compared to $43,880 in 1998. The Company had net earnings for the period of $999,923 or $.0143 income per share, compared to a net loss of $2,177,845 or $.0414 loss per common share. The record results can be directly attributed to the commercialization of the Company's Digital Audio Broadcast systems, both Eureka based and SDARS, and the penetration of the US marketplace.
- During the period Unique completed a number of its research and development efforts. The first 1kW high power DAB S-band transmitter was shipped to our customer in the US. The transmitter has been developed for the satellite digital radio applications on a global basis, with our first customers being targeted in the US. In March 1999 the Company was awarded a contract by Bell Canada to supply the transport system for their wireless Internet project. The project was completed and delivered subsequent to the May 31 year-end. In our June 2, 1999 press release, Glenn Ward, Vice President of Broadband Development at Bell Canada stated, ``Unique's wireless architecture completes the missing link''. The Company also announced plans to move to NASDAQ. Management is currently in discussions with a number of brokerage firms in the US, and it is anticipated that this could occur by the spring of 2000. In April 1999, the company announced that it opened a satellite office in St. Petersburg. Subsequent to this, Unique has booked orders for some of its MMDS product and has received deposits in US currency. ``With the completion of a number of other research and development efforts, such as those relating to our COFDM technology, end-to-end digital MMDS (wireless cable) solution, and SDARS repeaters, we feel that the coming year will represent further growth for Unique, with the penetration of a number of new markets for our products'', stated Alex Dolgonos, President and CEO of Unique Broadband Systems, Inc.
Annual Report Issued October 19, 1999
https://www.sedar.com/data16/filings/00212954/00000001/v%3A%5Csedar%5CUNIQUE%5C1999Mtg%5CAnnRpt.pdf