Profile: DragonWave Inc (DRWI.OQ)

DRWI.OQ on NASDAQ Stock Exchange Global Select Market

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20 Oct 2014
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DragonWave Inc. (DragonWave), incorporated on February 24, 2000, is in the business of developing broadband wireless backhaul and pseudowire equipment. The Company is a provider of wireless Ethernet equipment used in Internet protocol (IP) networks. DragonWave designs, develops, markets and sells carrier-grade microwave radio frequency networking equipment (referred to as links), that wirelessly transmit broadband voice, video and other data between two points. Its wireless carrier-Ethernet links, which are based on a native Ethernet platform, function as a wireless extension to an existing fiber and global optic core telecommunications network. The principal application for its products is the backhaul function in a wireless communications network. Backhaul links connect the large amounts of network traffic aggregated by base stations and other collection points on the edge of the network to the high-capacity fiber optic infrastructure at the core of the network. Additional applications for its products include point-to-point transport applications in private networks, including municipal and enterprise applications. The Company’s has three product lines: Horizon, Fusion and Avenue. In June 2012, the Company acquired Nokia Siemens Networks' microwave transport business, including its associated operational support system (OSS) and related support functions.

The Company’s products principally perform the backhaul function in a communication service provider's network, connecting high-traffic points of aggregation, such as high-capacity wireless base stations (3G+ cellular, Wireless Fidelity (WiFi), Worldwide Interoperability for Microwave Access, Inc. (WiMAX), long-term evolution (LTE) and large out of territory enterprises to nodes on the fiber optic core network. Its line of wireless carrier-Ethernet links is marketed under the Horizon trade name. Its Horizon product line is carrier-grade and operates primarily in licensed spectrum bands to minimize interference.

Horizon Product Family

The Company’s Horizon product family is an Ethernet microwave portfolio and consists of Horizon Compact, Horizon Compact+, Horizon Duo and Horizon Quantum. Horizon Compact offers scalability to 400 millions of bits per second (Mbps) per channel, or 800 Mbps full duplex capacity using a single antenna with cross polarization. Horizon Quantum is a native Ethernet implementation supporting sub-0.1-ms latencies and is optimized for the rollout of LTE services. In February 2011, the Company launched the Horizon Compact+ globally. Horizon Compact+ is an all-outdoor platform that is fully interoperable with Horizon Compact, enabling rapid adoption by existing customers.

Fusion

The Fusion product line is a multi-service platform enabling TDM and packet-based services across wireless or wireline infrastructure. Fusion leverages pseudowire technology. With the DragonWave Fusion A1 and A10, operators can converge their voice and data services over a unified packet-based network . The DragonWave Fusion A20 simplifies the transport of multi-generation voice and data traffic over packet-based networks. DragonWave’s Fusion A1600 and A800 Pseudowire Aggregation Hubs are flexible, modular, carrier-class platforms that enable service providers and other operators to convert any packet access network (Carrier Ethernet, broadband wireless including WiMAX, cable HFC, xDSL, xPON) into a full-service alternative to TDM access and layer-2 services.

Avenue

The Company’s Avenue portfolio comprises two microcellular solutions ranging from a single microcell backhaul link (Avenue Link), to the industry’s first fully-integrated microcellular platform (Avenue Site), with multi-beam backhaul and independently-aligned antenna array, Ethernet switching, power supply, battery backup and a slot for a 3G/4G micro base station; all within a single zoning-friendly enclosure. Its Avenue solutions are integrated within environmentally hardened enclosures, for streetlevel deployments.

The Company’s products principally perform the backhaul function in a communication service provider's network, connecting high-traffic points of aggregation, such as high-capacity wireless base stations (3G+ cellular, Wireless Fidelity (WiFi), Worldwide Interoperability for Microwave Access, Inc. (WiMAX), LTE and large out of territory enterprises to nodes on the fiber optic core network. Its line of wireless carrier-Ethernet links is marketed under the Horizon trade name. Its Horizon product line is carrier-grade and operates primarily in licensed spectrum bands to minimize interference.

In 2011, the Company introduced its Avenue solution for carrier-grade delivery of advanced applications and services. The Avenue solution is the industry’s smallest device, utilizing the industry’s smallest antenna, to integrate microcellular backhaul, third-party base stations, power supply, battery backup, switching, and management in an all-in-one, environmentally shielded enclosure.

The Company focuses on the global wireless communications service provider market and, in particular, those service providers offering high-capacity wireless communication services, including traditional cellular service providers and emerging broadband wireless access (BWA) service providers. As of February 29, 2012, the Company had shipped approximately 37,200 product units (links), and as of February 29, 2012, its wireless carrier-Ethernet links have been purchased and deployed by customers in more than 80 countries. During the fiscal year ended February 29, 2012, the Company delivered products to 243 customers, including Clearwire LLC (United States), wi-tribe Pakistan Limited (Pakistan), TESSCO (United States), Wind (Canada), and Barrett Xplore (Canada).

The Company competes with NEC Corp., Alcatel-Lucent, Ericsson, Huawei and Nokia Siemens Networks, Ceragon Networks Ltd. of Israel, Aviat Networks, Inc.

Company Address

DragonWave Inc

411 Legget Dr Suite 600
KANATA   ON   K2K 3C9
P: +1613.5999991
F: +1613.5994265

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