--------------D491702031C2132356FEBCB8 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit I hope this will happen ... would solve so many problems of all of us. -Thomas > Aerie Networks Acquires Ricochet Wireless Assets for $8.25 MM > > Plans to Work With Communities and Local Service Providers > To Reactivate and Expand Ricochet's Wireless Broadband Service > > DENVER, Nov. 5 /PRNewswire/ -- Aerie Networks, Inc. announced today > the > acquisition of the Ricochet(TM) wireless broadband network assets and > intellectual property in an $8.25 MM cash deal from bankrupt Metricom, > Inc. > The deal was awarded to Ricochet Networks, Aerie Networks' newly > formed > subsidiary company, during bankruptcy court proceedings on November 2, > > 2001. > The sale should be finalized this week. > Aerie Networks plans to work in partnership with communities and local > > service providers to reactivate the 17 metropolitan markets initially > deployed > by Metricom and to deliver high-speed connectivity to underserved > markets. > Ricochet's patented technology delivers wireless broadband access that > is > simple, fast and affordable. > "Ricochet has had an incredibly loyal customer base that has made it > clear > that they want their Ricochet back. As a former customer, I too am > passionate > about restarting the Ricochet service," said Mort Aaronson, President > and > Chief Executive Officer of Aerie Networks. "In order to bring it back, > we > will create partnerships to provide the service at a new lower price > point > than previously offered and make it available to millions of users > where > they > buy other related products and services." > Aerie Networks will devote its resources to making Ricochet a leader > in > providing affordable, wireless broadband access. "Ricochet has a > unique > and > proven market position that the talented management team at Aerie > Networks > will build upon," commented Alan Salzman, Chairman of the Board, Aerie > > Networks and Managing Partner, VantagePoint Venture Partners. He > added, > "VantagePoint Venture Partners has been behind Aerie Networks since > the > beginning. This solid acquisition strengthens Aerie's competitive > position > and we are excited about its future prospects." The Company has a > knowledgeable management team with experience and expertise in every > aspect > of > designing, building, operating, financing and marketing broadband > networks > and > is backed by industry-leading capital partners. > In addition to affordable, wireless access for businesses and > consumers, > Ricochet provides communities with secure, broadband connectivity to > support > public safety and emergency workers with speed and mobility. For local > > service providers, Ricochet offers an opportunity to provide their > existing > customer base a product that is very much in demand. The Company will > work > with partners to design, build and operate the Ricochet network and > will > provide tools needed to help market the Ricochet service. > Before it was shutdown, the Ricochet network had been built in 17 > cities, > operated in 14 of those cities and had over 51,000 subscribers, all at > an > estimated cost of $1 billion to develop. The Company is actively > seeking > new > partners to help turn the service back on where it once existed and to > > expand > and to install new networks in areas where affordable, broadband > access is > currently unavailable. > "I am very pleased to make this announcement today," noted Aaronson. > "It's good news for Aerie Networks and its stakeholders, it's good > news for > those that have not been able to get high speed access, it's good news > for > Ricochet users with the promise of restarting the service, and it's > good > news > for the telecommunications industry with positive news of rebuilding > value." > About Aerie Networks, Inc. > Aerie Networks is a privately-held broadband services company based in > > Denver, Colorado. Aerie designs, builds and operates broadband > networks > and > provides tools to market broadband services from a platform of managed > > network > services called Network Host(TM). The Company owns and will soon > reactivate > the Ricochet(TM) network, a unique patented wireless broadband > technology > that > delivers high-speed connectivity that is affordable, easy to access > and > use. > For more information about Aerie Networks and Ricochet, please visit > the > website at http://www.aerienetworks.com. > SOURCE Aerie Networks, Inc. > Web Site: http://www.aerienetworks.com --------------D491702031C2132356FEBCB8 Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit <!doctype html public "-//w3c//dtd html 4.0 transitional//en"> <html> I hope this will happen ... would solve so many problems of all of us. <br>-Thomas <blockquote TYPE=CITE>Aerie Networks Acquires Ricochet Wireless Assets for $8.25 MM <p>Plans to Work With Communities and Local Service Providers <br>To Reactivate and Expand Ricochet's Wireless Broadband Service <p>DENVER, Nov. 5 /PRNewswire/ -- Aerie Networks, Inc. announced today the <br>acquisition of the Ricochet(TM) wireless broadband network assets and <br>intellectual property in an $8.25 MM cash deal from bankrupt Metricom, Inc. <br>The deal was awarded to Ricochet Networks, Aerie Networks' newly formed <br>subsidiary company, during bankruptcy court proceedings on November 2, <br>2001. <br>The sale should be finalized this week. <br>Aerie Networks plans to work in partnership with communities and local <br>service providers to reactivate the 17 metropolitan markets initially <br>deployed <br>by Metricom and to deliver high-speed connectivity to underserved markets. <br>Ricochet's patented technology delivers wireless broadband access that is <br>simple, fast and affordable. <br>"Ricochet has had an incredibly loyal customer base that has made it <br>clear <br>that they want their Ricochet back. As a former customer, I too am <br>passionate <br>about restarting the Ricochet service," said Mort Aaronson, President and <br>Chief Executive Officer of Aerie Networks. "In order to bring it back, we <br>will create partnerships to provide the service at a new lower price point <br>than previously offered and make it available to millions of users where <br>they <br>buy other related products and services." <br>Aerie Networks will devote its resources to making Ricochet a leader in <br>providing affordable, wireless broadband access. "Ricochet has a unique <br>and <br>proven market position that the talented management team at Aerie Networks <br>will build upon," commented Alan Salzman, Chairman of the Board, Aerie <br>Networks and Managing Partner, VantagePoint Venture Partners. He added, <br>"VantagePoint Venture Partners has been behind Aerie Networks since the <br>beginning. This solid acquisition strengthens Aerie's competitive position <br>and we are excited about its future prospects." The Company has a <br>knowledgeable management team with experience and expertise in every aspect <br>of <br>designing, building, operating, financing and marketing broadband networks <br>and <br>is backed by industry-leading capital partners. <br>In addition to affordable, wireless access for businesses and <br>consumers, <br>Ricochet provides communities with secure, broadband connectivity to <br>support <br>public safety and emergency workers with speed and mobility. For local <br>service providers, Ricochet offers an opportunity to provide their existing <br>customer base a product that is very much in demand. The Company will work <br>with partners to design, build and operate the Ricochet network and will <br>provide tools needed to help market the Ricochet service. <br>Before it was shutdown, the Ricochet network had been built in 17 <br>cities, <br>operated in 14 of those cities and had over 51,000 subscribers, all at an <br>estimated cost of $1 billion to develop. The Company is actively seeking <br>new <br>partners to help turn the service back on where it once existed and to <br>expand <br>and to install new networks in areas where affordable, broadband access is <br>currently unavailable. <br>"I am very pleased to make this announcement today," noted Aaronson. <br>"It's good news for Aerie Networks and its stakeholders, it's good news for <br>those that have not been able to get high speed access, it's good news for <br>Ricochet users with the promise of restarting the service, and it's good <br>news <br>for the telecommunications industry with positive news of rebuilding <br>value." <br>About Aerie Networks, Inc. <br>Aerie Networks is a privately-held broadband services company based in <br>Denver, Colorado. Aerie designs, builds and operates broadband networks <br>and <br>provides tools to market broadband services from a platform of managed <br>network <br>services called Network Host(TM). The Company owns and will soon <br>reactivate <br>the Ricochet(TM) network, a unique patented wireless broadband technology <br>that <br>delivers high-speed connectivity that is affordable, easy to access and <br>use. <br>For more information about Aerie Networks and Ricochet, please visit the <br>website at <u><font color="#0000FF"><a href="http://www.aerienetworks.com/" eudora="autourl">http://www.aerienetworks.com</a></font></u>. <br>SOURCE Aerie Networks, Inc. <br>Web Site: <u><font color="#0000FF"><a href="http://www.aerienetworks.com/" eudora="autourl">http://www.aerienetworks.com</a></font></u></blockquote> </html> --------------D491702031C2132356FEBCB8-- -- Subscription/unsubscription/info requests: send e-mail with subject of "subscribe", "unsubscribe", or "info" toWear-Hard Mailing List Archive (searchable): http://wearables.blu.org please, Please, *PLEASE* don't subscribe through a forward/false domain
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