7/17/08 - Road Wings, Inc. (PINKSHEETS: RDWG) announced that it has concluded a stock purchase agreement with OneFi Technology, Inc. of Orange, Calif. OneFi Technology has developed both a hardware solution for the next generation wireless broadband technology and a software applications package which allows all bandwidth to be optimized.
The WiMax technology, operating according to the 802.16e protocol which is the recently adopted international standard, will send a wireless signal for ten (10) miles. OneFi Technology uses the technology to spread signals in a wireless cloud. Users may access the signal to connect to the Internet or the OneFi Technology VoIP.
The software (patent pending) developed in-house by OneFi Technology allows the Company to offer greater yields on available bandwidth. The Company's algorithms approach the common IP protocols and maximize the available throughput so as to enhance IP performance. OneFi Technologies CFO, Mr. Tom White, stated, "Our software solution allows for us to present a program for communities which is not only competitive from a capex position, but allows for an ongoing opex advantage."
Privately held OneFi Technology is "looking forward to a tremendous growth and sizeable market share of the global bandwidth distribution segment," according to Chet Noblett, the CEO at OneFi Technology, Inc. Road Wings is set to implement the technology near its home base in Las Vegas, NV, in response to expressed interest from major hotels in the area.
Keywords: sizeable market share, wireless broadband technology, stock purchase agreement, global bandwidth, distribution segment, wings inc, ip protocols, pinksheets, wimax technology, software patent, wireless signal, next generation wireless, cfo, Wireless VOIP
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