Wi2Wi Announces the Creation of Microwave Business Unit and Appointment of Samuel Johnson
Toronto, Ontario (FSCwire) - ("Wi2Wi" or the "Company") is pleased to announce the creation of a Microwave Business unit. This business unit has been created to address and service the growing demand for Radio frequency (RF) and Microwave filters over many different applications in the premium markets such as Industrial, Avionics, Space, Medical and Defense. Samuel Johnson has been appointed the Director of Business Development for the business unit. Mr. Johnson has over twenty five years of experience in RF and Microwave filter design, manufacturing and business development. Prior to joining Wi2Wi, Sam was the Director of Technology for Trilithic’s RF Division.
Zachariah Mathews, President and Chief Executive Officer of Wi2Wi said “We are excited about the creation of this business unit to focus and service the growi ng demand in the premium microwave market. We are delighted to announce that Mr. Johnson, who is well positioned with his experience and expertise in the area to head up this business unit”
“The Microwave Business unit is part of the growth strategy we have envisioned for the company and we are confident of its success” Dr. Hans Black, the Chairman of the Board commented
About Wi2Wi Corporation.
Wi2Wi is a vertically integrated global manufacturer provides connectivity solutions, Timing Devices and frequency Controllers to the global market. Wi2Wi’s miniaturized Wireless System-in-Package (SIP) connectivity Solutions are well accepted in the global market for Machine-to-Machine (M2M and Internet of Things (IOT) and portable device embedded applications worldwide. Acquisition of net operating assets of Precision Devices Inc., in November 2014 enabled Wi2Wi to expand its product offering by adding Timing Devices and frequency Controllers to its product offering. Precision Device’s, rugged, robust and reliable High end Crystals and Oscillators, Crystal Filters, RF and Microwave Filters are widely used and well recognised in the premium markets; Industrial, Avionics, Space, Medical and Defense.
Headquartered in San Jose, California, the heart of the Silicon Valley with manufacturing operations in Middleton, Wisconsin, the industrial belt of North America, Wi2Wi provides leading-edge wireless solutions and customized Timing Devices and frequency controllers for customer applications worldwide with substantial savings on time-to-market, cost and system-integration. Wi2Wi also leverage its technology along with tier-1 global partnerships with industry leading silicon and supply chain companies, serving a large number of Fortune-500 customers
For further information, please contact:
Zachariah Mathews
President and Chief Executive Officer
408 416 4202
Forward-Looking Statements: This news release contains certain forward-looking statements, including management's assessment of future plans and operations, and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Such risks and uncertainties include, without limitation, risks associated with the ability to access sufficient capital, the impact of general economic conditions in Canada, the United States and overseas, industry conditions, stock market volatility. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive there from. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect the Company’s operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/wi2wi02272015.pdf
Source: Wi2Wi Corporation (TSX Venture:YTY) http://www.wi2wi.com/
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