Clearwire to Launch Innovation WiMAX Network to Silicon Valley Developers
KIRKLAND, Wash. - April 2, 2009 - Clearwire Corporation (NASDAQ: CLWR) today announced a major step toward application development for fourth-generation (4G) mobile internet with plans for a "WiMAX Innovation Network" in the heart of the high-tech industry in Silicon Valley, CA.
The WiMAX Innovation Network will initially cover more than 20 square miles in Silicon Valley and bring 4G wireless service to campuses of some of the world's leading technology innovators including early participants Google Inc., Intel Corporation, and a leading educational institution in Silicon Valley. Cisco will provide core Internet Protocol Next-Generation Network (IP NGN) infrastructure equipment in support of the WiMAX Innovation Network. Service is expected to be available to developers by late summer of this year giving them a head start on commercial service launching in the Bay Area in 2010.
"The WiMAX Innovation Network will provide some of the world's most talented developers with a live test environment in which to build broadband services specifically designed for the 4G mobile Internet experience," said Scott Richardson, chief strategy officer for Clearwire. "Our goals have always been to change the way people access the Internet and provide new opportunities for mobile applications. Providing early access to an eager pool of developers while we continue to roll out 4G services nationally makes perfect sense."
"The Cisco IP NGN architecture will play a key role in the WiMAX Innovation Network," said Larry Lang, vice president and general manager of services and mobility business unit, Cisco. "An IP network is the platform to deliver on the promise of mobility and enable developers to create new services and applications. With an advanced Cisco IP NGN, these services can be unlocked to create revenue-generating offerings for service providers and a better, more tailored experience for the end user."
"As we shift to an unwired, always connected Internet, new WiMAX-enabled notebooks and netbooks from Intel are available today that provide the power to deliver data-intensive applications and services on the go with new WIMAX networks," said Sriram Viswanathan, vice president of Intel Capital and general manager of WiMAX Program Office, Intel. "We look forward to seeing what developers on this Innovation Network create to help accelerate and test the limits of WiMAX wireless broadband technology."
"Enabling developers to start building the next generation of mobile applications on Clear's 4G network now will encourage innovation and showcase the benefits of an open network," said Larry Alder, mobile product manager at Google.
Service will be provided free to a limited number of qualified developers for one year. Clearwire will provide WiMAX USB Modems for $49.99. To qualify, developers must register for Clearwire's developer program and describe the products or business ideas they wish to pursue. Interested developers can pre-register at http://innovation.clear.com.
In addition to the mobile WiMAX network in the Bay Area, Clearwire expects to launch its CLEARTM 4G mobile Internet service covering up to 120 million people in more than 80 cities in 2010, including cities such as Atlanta, Las Vegas, Baltimore, Chicago, Charlotte, Dallas/Ft. Worth, Honolulu, Philadelphia, and Seattle in 2009.
Clearwire Communications, LLC, an operating subsidiary of Clearwire Corporation, (NASDAQ: CLWR), offers a robust suite of advanced high-speed Internet services to consumers and businesses. As part of a multi-year network build-out plan, Clearwire's 4G service, called CLEARTM, will be available in major metropolitan areas across the U.S, and bring together an unprecedented combination of speed and mobility. Clearwire's open all-IP network, combined with significant spectrum holdings, provides unmatched network capacity to deliver next generation broadband access. Strategic investors include Intel Capital, Comcast, Sprint, Google, Time Warner Cable, and Bright House Networks. Clearwire currently provides 4G service, utilizing WiMAX technology in two markets and provides pre-WiMAX communications services in 50 markets across the U.S. and Europe. Headquartered in Kirkland, Wash., additional information about Clearwire is available at www.clearwire.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the securities laws. The words "will," "would," "may," "should," "estimate," "project," "forecast," "intend," "expect," "believe," "target," "designed" and similar expressions are intended to identify forward-looking statements. Forward-looking statements may include, without limitation, the Company's expectations regarding: future financial and operating performance and financial condition; network deployment and market launch plans; other plans, objectives and strategies; product development; and industry conditions. Forward-looking statements are projections reflecting management's judgment and assumptions based on currently available information and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements.
Future performance cannot be assured. Actual results may differ materially from those in the forward-looking statements due to a variety of factors, including, but not limited to the risks referenced in the Form 10-K for the year ended December 31, 2008, in Part I, Item 1A, "Risk Factors."
Clearwire believes the forward-looking statements in this release are reasonable; however, you should not place undue reliance on forward-looking statements, which are based on current expectations and speak only as of the date of this release. Clearwire is not obligated to publicly release any revisions to forward-looking statements to reflect events after the date of this release.
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