4G Wireless Letter Of Intent

23rd February , 2004
Canada : Mitec Telecom announced that it has signed a Letter of Intent with one of North America’s key next generation wireless solutions providers. The LOI calls for Mitec to supply a range of RF products and subsystems for fourth generation (4G) broadband data networks.

•Demonstrates technology leadership in 4G marketplace
•Deepens strategic relationship with visionary broadband access solutions provider

“We are very gratified to have forged this privileged working relationship,” said David Kennedy, Mitec’s Executive Vice President, Sales and Marketing. “The marketplace has clearly signaled its enthusiasm for next generation wireless, and our strategic R&D investments position us to immediately seize these opportunities.”

ABOUT MITEC TELECOM
Mitec Telecom is a leading designer and provider of products for the telecommunications sector as well as a variety of other industries. The Company sells its products worldwide to network providers for incorporation into high-performing wireless networks used in voice and data/Internet communications. Headquartered in Montreal, Canada, the Company also operates facilities in the United States, the United Kingdom and China.

Mitec Telecom Inc. is listed on the Toronto Stock Exchange under the symbol MTM. On-line information about Mitec is available at mitectelecom.com.

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.
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