Sydney, Aug 14, 2008 AEST (ABN Newswire) - NetComm (ASX:NTC), an ASX listed company is having strong success this year on the strength of a change in its strategic direction.
The company's evolution is bringing results, returning shareholder value to near three-year highs. With its shares trading over 300% over the year's low, NetComm has achieved a remarkable turn around in a broader market that is down approx 26% of last year's high.
This has partially been achieved through its entry into the 3G wireless broadband market which is one of the fastest growing information technology & communications (ITC) segments in the world. Higher wireless connection speeds are providing a real alternative to fixed ADSL Internet services, in much the same way mobile phones are becoming a viable replacement to fixed line phones.
Recently, Telstra (ASX:TLS) launched the new Telstra Turbo 7 Series Wireless Gateway and BigPond 7.2 Wireless Broadband Home Network Gateway, which were developed and built by NetComm. Telstra's confidence in the strength of this market is demonstrated by its initial order of $10.5 million worth of the NetComm-built Telstra and BigPond Gateways, with the first orders already delivered.
NetComm has a first-mover advantage in a global market with huge potential and we intend to consolidate this advantage through further local and export sales. There are currently over 200 HSDPA networks already built worldwide1 that can benefit from NetComm's family of 3G mobile broadband products. Research firm, Analysys Mason, anticipates the number of HSPA customers worldwide will increase from A61 million at the end of 2008 to A1.1 billion at the end of 2015; creating a significant export opportunity for NetComm.
The company believes there is room for substantially more growth through not only its 3G strategy but through a reorientation of its product mix and possibly a number of acquisitions.
About Netcomm Wireless Limited
NetComm Wireless Limited (ASX:NTC) is a leading developer of Fixed Wireless broadband, wireless M2M/Industrial IoT and Fibre and Cable to the distribution point (FTTdp / CTTdp) technologies that underpin an increasingly connected world. Our Listen. Innovate. Solve. methodology supports the unique requirements of leading telecommunications carriers, core network providers, system integrators, government and enterprise customers worldwide. For over 35 years, NetComm Wireless has engineered new generations of world first data communication products and is now a globally recognised communications technology innovator. Headquartered in Sydney (Australia), NetComm Wireless has offices in the US, Europe/UK and New Zealand.
For more information, visit https://www.netcommwireless.com
