SAN FRANCISCO, May 6, 2005 (PRIMEZONE) -- WebSky, Inc. (Pink Sheets:WKYN) observed today the announcement on April 18th by Intel of that company's new WiMax solution, dubbed the Intel(r) PRO/Wireless 5116 broadband interface device, as a watershed development in the global move toward WiMax. Not to be confused with Wi-Fi, WiMax -- short for Worldwide Interoperability for Microwave Access -- is the technology to provide high-speed wireless broadband connectivity to homes, businesses, and mobile systems. Intel and other leaders in the technology sector have joined in the WiMax Forum to assist in creating technical standards that will allow equipment from a variety of manufacturers to work together.
WebSky's business model of securing licensed radio frequency over which to broadcast high speed wireless data has positioned the Company to be among the first providers of WiMax services, both in the United States markets it controls as well as in certain emerging international markets. In fact, initial deployments of WiMax systems will require licensed frequencies such as controlled by WebSky.
"Intel's long-awaited and exciting announcement promises to revolutionize Internet connectivity," stated Doug Haffer, WebSky's CEO. "Recent technological, regulatory, and commercial developments in wireless broadband have validated the viability of wireless broadband, but the introduction of the Intel device now means that the deployment of an advanced WiMax version is just around the corner. Most importantly this announcement adds significant value to those assets we control but that are not on our balance sheet, the licenses for seven U. S. cities and numerous international cities as well," he added.
About WebSky:
WebSky currently controls licensed radio frequency for wireless Internet services in seven small and medium sized United States' cities. In addition, it is concentrating on markets in developing economies, and has previously announced agreements for development of wireless broadband systems in Argentina, India, Thailand and Indonesia. The Company is unaware of any other publicly traded companies focused exclusively on this emerging market.
WiMax promises to become an attractive alternative, or in some cases compliment, to wireline DSL and cable modem services. Unlike the more familiar Wi-Fi systems that suffer from propagation distances of 100 meters or so, the range of transmission for WiMax's wireless signal extends for many miles. Using non-line-of-sight technologies, licensed frequencies free from interference concerns, and security encryption equal to wireline broadband services, current wireless broadband Internet services already rival DSL and cable modem in quality and capabilities. With the development of such new hardware devices as the Intel(r) PRO/Wireless 5116 device, the true flexibility of WiMax, with its ubiquitous portability and mobility, will be one step closer.
Safe Harbor Statement under the Private Securities Litigation Reform Action of 1995: The statements contained in this release, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Those risks and uncertainties include, but are not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies and products, delays in testing and evaluation of products, and other risks associated with the industry in which the Company operates.