WI2WI Integration
Toronto, Ontario (FSCwire) - Wi2Wi Corporation ("Wi2Wi" or the "Company") is pleased to announce that integration of the acquired assets of Precision Devises Inc., announced on November 14, 2014 has been completed. The administrative, manufacturing and operations function for Wi2WI has now been relocated and integrated with the Middleton location. The Company has also focused its sales organisation under Mr. Simon Best, Vice President of Global Sales.
Zachariah Mathews, President and CEO of Wi2Wi said “It has been a smooth process in integrating the Middleton location into our operation. We have optimized both the organisations, San Jose and Middleton, to be efficient and cost effective. We have also started to meet with key customers of Wi2WI Middleton and Wi2Wi San Jose and have had a very positive response.” Mr. Mathews added “We are also looking at new opportunities as we have a more diverse skill set with the addition of the Middleton plant. We will now be in a position to address markets in addition to what we are servicing currently. It is an exciting time for Wi2Wi and we intend to capitalize on the opportunity.”
“We congratulate the team achieving this task in such a short time. Having both locations, San Jose and Middleton, will enable the company to service the customers efficiently” Dr Hans Black, the Chairman of Wi2Wi commented.
About Wi2Wi Inc.
Wi2Wi is a leader in Wireless System-in-Package (SIP) Solutions, Timing Devices and frequency Controllers for Machine-to-Machine (M2M), Avionics, Telecom and Internet of Things (IOT) and portable device embedded applications worldwide, including Wi-Fi, Bluetooth, and GPS. Wi2Wi focuses on Industrial, Medical, Government, Avionics & Infrastructure markets worldwide. Headquartered in San Jose, California, with manufacturing operations in Middleton, Wisconsin, 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 solutions also leverage its wireless integration 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/wi2wi02172015.pdf
Source: Wi2Wi Corporation (TSX Venture:YTY) http://www.wi2wi.com/
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