DragonWave (TSX:DWI, StockForum), an Ottawa-based provider of high-capacity packet microwave solutions for next-generation IP networks, announced today that the company entered into an agreement with Swedish security and defense company, Saab, to jointly expand and enhance national security networks in Sweden, Norway, Finland, Denmark and Iceland.
According to the news release, that as a start, “the two companies will deploy up to 1500 DragonWave Harmony Radio links and a supportive number of Hub 800 adaptable, multi-service nodal switches to build an extensive, mission critical network covering all of Sweden, including remote locations.”
Mikael Falkoven, Head of Sales, Critical System and Communication Solutions for Saab, commented on the collaboration, “This first network build out in Sweden clearly demonstrates how, working together, we can jointly offer a highly functional, field-tested solution that is also easily deployed, economically viable, and tailored for deployment in countries with growing demands on their existing communications networks.”
President and CEO of DragonWave, Peter Allen, summed up, “We look forward to our ongoing work with Saab to bring the products and expertise together that can meet the requirements of any network scenario at the lowest cost of ownership and with proven functionality and reliability.”
DragonWave was in the news recently when the company commercially released its Horizon Compact+ and Avenue Link 60 Ghz.
Shares gained 16.28% on the news to $1.50 per share.
Currently there are 50,020,949 shares outstanding with a market cap of $75.03 million.