MediaG3 Announces Licensing and Revenue Sharing Agreements With MeshGlobal
October 12 2010 - 2:40PM
Marketwired
MediaG3, Inc. (PINKSHEETS: MDGC) announced the company has signed a
Letter of Intent and is working out licensing and revenue sharing
agreements with MeshGlobal, Inc., a privately held corporation.
MeshGlobal will begin deploying the company's patented and
proprietary technologies immediately and plans to merge with
MediaG3 upon completion of these agreements.
MeshGlobal, Inc., a newly formed entity to specialize in
commercial, government and institutional deployment of wireless
mesh communication networks, will fund and deploy the first model
programs, using MediaG3's super-fast "next generation" wireless
networks. MediaG3 will license its patented Local Multi-Point
Distribution Systems (LMDS) and other proprietary technologies to
MeshGlobal, to be used in these networks.
"MediaG3 is pleased and excited to announce the launch of these
first licensing and revenue sharing models using our technologies,"
stated Val Westergard, MediaG3 chairman. "MediaG3 will be working
very closely with MeshGlobal, to advise, help and provide the
latest wireless technologies."
"These MeshGlobal projects will also be the first to use
MediaG3's WiFiBridges technologies, which can move much larger
amounts of data through multiple spectrums using MediaG3
technologies, and are a great primary or complimentary solution for
small business, enterprise, neighborhood, community, metropolitan,
campus, public and rural areas. We intend to invite mayors,
education and public safety directors, businesses and other WISPs
to come and experience these 'next generation' technologies to use,
evaluate and consider for their customers, business and community
needs."
About MediaG3, Inc. MediaG3, Inc.
develops, markets, and delivers wireless broadband technology
products and services for today's fixed and mobile customers.
MediaG3 provides wireless broadband Internet access and Internet
telephone throughout the US, under the Imperial Wireless brand.
MediaG3 has five key US wireless patents and offers their wireless
broadband technology, technology licensing and equipment under the
Wytec and Wytec "Next Generation" brands. Imperial Wireless and
Wytec are wholly owned subsidiaries of MediaG3. MediaG3
headquartered in San Francisco, CA, with offices and a lab in Boise
Idaho. For more information, or to register to receive updates,
please visit their corporate site www.mediaG3.com.
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"forward-looking statements" within the meaning of Section 27A of
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