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WAVERIDER WORKS ON LAST MILE

TORONTO-WaveRider Communications Inc. said it is working with the University of Calgary’s
Department of Electrical & Computer Engineering in Alberta and Diablo Research Inc. to advance the next generation
of its Last Mile Solution products.

“Outsourcing certain design elements beyond our own research and
development facilities allows us to focus on new software that will help define future product capabilities,” said
WaveRider’s President and Chief Executive Officer Bruce Sinclair. “Working closely with these teams provides
us with flexibility and speed to bring products like our LMS270 to market sooner and more cost-effectively.”

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