DragonWave, Inc. Receives Positive NASDAQ Listing Determination
OTTAWA, CANADA--(Marketwired - June 7, 2017) - DragonWave Inc. (TSX:DRWI)(NASDAQ:DRWI) a leading global
supplier of packet microwave radio systems for mobile and access networks, today announced that on June 6, 2017, the Company was
notified that the Nasdaq Hearings Panel (the "Panel") has granted the Company's request for continued listing on Nasdaq.
The Company's continued listing on Nasdaq is subject to the Company's achievement of certain interim milestones, and
ultimately its compliance with the $2.5 million stockholders' equity requirement by no later than October 17, 2017. The Company
is diligently working to timely satisfy the terms of the Panel's decision.
Trading of the Company's securities under the symbol "DRWI" on the Toronto Stock Exchange, the Company's primary listing
will not be impacted by this decision.
About DragonWave
DragonWave® is a leading provider of high-capacity packet microwave solutions that drive next-generation IP
networks. DragonWave's carrier-grade point-to-point packet microwave systems transmit broadband voice, video and data,
enabling service providers, government agencies, enterprises and other organizations to meet their increasing bandwidth
requirements rapidly and affordably. The principal application of DragonWave's portfolio is wireless network backhaul,
including a range of products ideally suited to support the emergence of underlying small cell networks. Additional
solutions include leased line replacement, last mile fiber extension and enterprise networks. DragonWave's corporate
headquarters is located in Ottawa, Ontario, with sales locations in Europe, Asia, the Middle East and North America. For
more information, visit http://www.dragonwaveinc.com.
Forward-Looking Statements
Certain statements in this release constitute forward-looking statements within the meaning of applicable securities laws.
Forward-looking statements include statements regarding DragonWave's intent to present a plan for compliance, as well
as growth opportunities and the potential benefits of, and demand for, DragonWave's products. These statements are
subject to certain assumptions, risks and uncertainties, including our view of the relative position
of DragonWave's products compared to competitive offerings in the industry. Readers are cautioned not to place undue
reliance on such statements. DragonWave's actual results, performance, achievements and developments may differ
materially from the results, performance, achievements or developments expressed or implied by such statements. Risk factors that
may cause the actual results, performance, achievements or developments of DragonWave to differ materially from the
results, performance, achievements or developments expressed or implied by such statements can be found in the public documents
filed by DragonWave with U.S. and Canadian securities regulatory authorities. DragonWave assumes no
obligation to update or revise any forward-looking statements, whether as a result of new information, future events or
otherwise, except as expressly required by law.