Cellvine And Optiway Unite Forces In Intended Merger
PETACH TIKVA and ROSH HA-AYIN, Israel, November 15, 2012 /PRNewswire/ --
Cellvine Ltd. ( www.cellvine.com) a leading developer and provider of coverage enhancement solutions for cellular networks, and Optiway Ltd. ( www.optiway.biz), an innovative provider of In-Building wireless coverage and capacity solutions, are happy to announce their intention to merge the companies.
With both Cellvine and Optiway currently providing market leading complementary solutions enhancing wireless coverage, combining forces will instantly extrapolate the vast synergies of both companies, including a wider customer base and better market reach. This will facilitate the introduction of innovative cross-company technologies utilizing current companies' strong intellectual property to better address the ever-growing cellular broadband customer needs and enable greater company growth.
Cellvine, founded in 2002, has developed a broad range of cellular coverage enhancement products and solutions, based on its exclusive patented technology for improving cellular signals for in-building, urban and rural over-ground and subterranean environments such as mines and tunnels.Cellvine's products and solutions support multiple technologies simultaneously and are optimized for cellular and Public Safety Networks. Optiway, founded in 2004, offers advanced infrastructure solutions to a large number of mobile operators, enabling in-building wireless communication via optical cables within structures such as tunnels, underground parking garages, office towers, airports, and hospital and university campuses. Optiway delivers advanced communication products over fiber optics including the cutting edge TD-LTE support already deployed over live network. Optiway's solutions fully resolve the unique radio communication challenges using technologies which simplify planning, installation and maintenance. "We are facing an exciting opportunity. With both Cellvine and Optiway providing innovative enhanced coverage solutions for the mobile networks, the synergy of our combined experience, technology and expert teams will greatly contribute to our commitment to carry on developing advanced solutions for our existing customers, while continuing the growth into new markets, as characteristic of the company in recent years " said Dr. Phil Frost, Cellvine's leading investor. "There is a great synergy between our companies - with Cellvine providing best-of-class wireless signal enhancement systems and Optiway providing cutting-edge In-Building solutions, and both offering a platform which increases the coverage reach while maintaining high quality signals, as well as diminishing radiation and power consumption. We are very excited at the prospect of joining forces to create this complete wireless coverage solution to answer the phenomenally fast growing demand of broadband coverage and the varied needs of our customers." Said Dr. Abraham Meidan, Optiway's leading investor and board member. The merger is to be completed as soon as the official approvals and authorizations are settled.
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