[May 11, 2004] SR Telecom Signs $13 Million Contract in Senegal MONTREAL, May 11 /PRNewswire-FirstCall/ -- SR Telecom(TM) Inc. (TSX: SRX; Nasdaq: SRXA) today announced that it has signed an agreement valued at approximately $13 million with Sonatel, the national telecommunications provider in Senegal. Sonatel has selected the SR500 fixed wireless access system for a rural communications development project aimed at meeting the Senegalese government's ongoing universal access objectives. Sonatel expects to issue the majority of its equipment purchase orders in 2004. The remaining orders will be placed in early 2005. Adding to its already large network of SR500 systems, Sonatel will deliver voice, fax and Internet services to its customers. Upon completion of this project, SR500 will be installed in more than 650 villages across the country. SR Telecom will also provide certain services, including field surveys, network design, installation, training and project management. "This contract is the result of the longstanding business relationship we have built with Sonatel," said Pierre St-Arnaud, SR Telecom's President and Chief Executive Officer. "Since the late 1980's, Sonatel has demonstrated a strong belief in the benefits of fixed wireless access technology and services that SR Telecom provides. We are pleased with Sonatel's choice of SR500, which has proven to be the ideal choice for meeting universal access objectives in remote communities." About SR500 The SR500 is a high-capacity point-to-multipoint fixed wireless access system that enables operators to extend their reach and deliver a full range of tailor-made voice and data applications to end-users in remote locations. Designed for the harshest environments, SR500 is a robust system built on field-proven technology and supports a variety of network and end-user interfaces. With a reach of up to 720 kilometres from the central station, the SR500 boasts the longest reach in the industry and has the largest installed base in the world. About Sonatel Sonatel is Senegal's national telecommunications carrier. It offers a full range of telephony and Internet services through its fully digital network. For more information, please visit their web site ( http://www.sonatel.sn/ ). About SR Telecom SR TELECOM (TSX: SRX, Nasdaq: SRXA) is one of the world's leading providers of Broadband Fixed Wireless Access (BFWA) technology, which links end-users to networks using wireless transmissions. For over two decades, the Company's products and solutions have been used by carriers and service providers to deliver advanced, robust and efficient telecommunications services to both urban and remote areas around the globe. SR Telecom's products have been deployed in over 120 countries, connecting nearly two million people. The Company's unrivalled portfolio of BFWA products enables its growing customer base to offer carrier-class voice, broadband data and high-speed Internet services. Its turnkey solutions include equipment, network planning, project management, installation and maintenance. SR Telecom is an active member of WiMAX Forum, a cooperative industry initiative which promotes the deployment of broadband wireless access networks by using a global standard and certifying interoperability of products and technologies. FORWARD-LOOKING STATEMENTS Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of the Company. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for the Company's products and services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results. SR TELECOM and SR500 are trademarks of SR Telecom Inc. All rights reserved 2004. All other trademarks are property of their owners. SR TELECOM INC. CONTACT: David Adams, Senior Vice-President, Finance andCFO, (514) 335-4035; Scott Lawrence, Maison Brison, (514) 731-0000,[email protected] [ Back To TMCnet.com's Homepage ]