NEWPORT BEACH, CA -- (Marketwire) -- 02/09/10 -- Newport Digital Technologies, Inc. (OTCBB: NPDT) announced today that it has launched the installation of the Worldwide Interoperability for Microwave Access (WiMax) base station and long range subscriber stations, encompassing four buildings for Newport Center Medical Plaza in Newport Beach, California. With over 300 doctors and dentists, Newport Center Medical Plaza is one of the largest medical complexes in California.
This project is corollary to the current Phase I installation project with the Orange County Department of Education's (OCDE) Learning Resources Center (LRDC) in Costa Mesa, California. The Newport Center Medical Plaza project will confirm NPDT's WiMax solution as a leading edge product for the commercial vertical market. NPDT will use this installation to validate the potential of a recurring revenue model based on private business subscriptions for a high-speed, secure wireless solution. NPDT's WiMax is the next generation wireless technology to WiFi which allows Internet connectivity with a range of up to 30 miles and throughputs to 40Mbps.
Upon completion of Phase I, NDPT will install WiMax subscriber stations into the three remaining high rise buildings within the medical complex. This will demonstrate WiMax's wireless Internet service coverage in a commercial subscriber application. These installation projects will enable NPDT to strategically focus on deploying NPDT's WiMax solution into the U.S. market, and subsequently worldwide.
"We are pleased to deploy this technology in Newport Center, a community universally recognized as a premier business, shopping and entertainment district and home to The Irvine Company, Allianz owned Pimco and Fashion Island, where NPDT's WiMax solution can demonstrate its wireless Internet capabilities and offer a realistic solution for potential customers, ranging from medical and office tenants to retail customers," said Michael Lutton, NPDT CEO.
Weiling Tsao, NPDT President, said, "NPDT is focused on delivering a viable solution for communities and businesses with our next generation WiMax product offering. Coupled with the OCDE project, we believe Newport Center Medical Plaza will illustrate a viable commercial business model that is sustainable, yields recurring revenue and is profitable."
Newport Digital Technologies, Inc. (NPDT) is a technology solutions driven company organized to focus on serving five of the fastest-emerging businesses in the technology space -- RFID (radio-frequency identification), WiMax, eLearning, and LED Digital Signage and LED Lighting solutions. NPDT develops and delivers these technology solutions through strategic collaborations with global partners, including Taiwan Industry and Taiwan's premier technology R&D incubators -- the Institute for Information Industry (III) and the Industrial Technology Research Institute (ITRI). NPDT will customize these technology solutions and market them through Fortune 1000 channel partners and systems integrators on a worldwide basis.
Safe Harbor: This press release contains certain forward-looking statements with respect to NPDT and its business. Statements that are not historical facts are identified as "forward-looking statements." The words "estimate," "project," "intend," "expect," "believe," "plan," and similar expressions, particularly when used in the "future tense," are intended to identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Information on potential risk factors that could affect the NDPT's business plans and financial results can be found in NPDT's reports filed with the Securities and Exchange Commission. NPDT assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Newport Digital Technologies, Inc. has its headquarters located in Newport Beach, California, and branch offices in Taiwan, Australia and Japan.