Verizon Wireless In Agreement With Bridgewater Systems for Network Products and Services Valued at US$56 Million

in press-release, Bridgewater Systems, Verizon, 3G, LTE

OTTAWA, Dec. 16, 2010 (Canada NewsWire via COMTEX) - Bridgewater Systems (TSX: BWC), the mobile personalization company, today announced a new four-year framework agreement with Verizon Wireless under which Bridgewater will provide products and services for Verizon Wireless' network expansion. The value of the agreement between the parties is approximately US$ 56 million.

"Verizon operates the nation's largest and most reliable 3G network - and starting this month the world's first large-scale 4G LTE network. We are committed to technologies that will ensure our customers an optimal, secure, and personalized mobile broadband experience," said Ed Chan, Vice President, National Network Operations at Verizon Wireless. "Bridgewater has demonstrated the ability to meet our performance and scalability requirements as we expand our network to deliver advanced mobile broadband services."

Under the agreement, Bridgewater will provide mobile control solutions as well as maintenance and support services for all current and future 3G solutions. In addition, the agreement provides the framework for Bridgewater to deliver new products and services to support Verizon Wireless' ongoing network expansion across multiple access networks.

"Verizon Wireless is a long-standing customer and we look forward to supporting them as they grow their networks and continue to deliver market-leading mobile broadband and machine-to-machine services across their footprint," said Ed Ogonek, President and CEO of Bridgewater Systems.

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