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All Press Releases for June 15, 2003 Subscribe to this News Feed    
 

Winova Wireless launches Commercial Properties Wireless Renovation Program with commercial lenders.

Don't Just Re-Fi, Wi-Fi ! Is the slogan Winova Wireless is using with their property management and commercial lending institutions that are creating new services for major commercial building owners.

According to Angus Clark, CEO and Jim Colthart, President, Winova Wireless supports the aims and objectives of commercial lending institutions, who are processing record numbers of Re-Financings for upgrades on commercial buildings. Winova is provided with a portion of the financing to install CAT-5 fiber-optic cable throughout the customers building, along with 802.11 (Wi-Fi)Wireless LAN equipment supporting Broadband Wireless Access and Voice-over-Internet Protocol. According to Clark, "We build a network which can recoup the initial investment from the customers commercial Tenants with a normal break-even at the 10 month mark". If the investment costs 50 Cents per Sq. Ft. and rents are adjusted 5 Cents per Sq Ft., the 1st year of operation usually includes at least two profitable months. Year 2 and forward become a profit-generating Value Added Service to the buildings Visitors and Tenants.

Tenants benefit from robust, cost-effective voice and data services, reduced fixed and mobile telephony bills and increased employee satisfaction and productivity. The commercial property realizes increased appraised value from the communications upgrades. Security systems and emergency monitoring can also be run from the network, further reducing risk from fire, theft and intrusion, which can help to reduce insurance premiums. Visitors to the building can enjoy free wireless data access in the lobby areas, courtesy of the Management Company and/or Tenants. By utilizing the re-finance to include the wireless upgrade, the building owner can take advantage of an investment which will favorably impact the payback of the re-financing loan.

"Wi-Fi is being called the Fourth Utility" says Clark"; "an Amenity soon to be as important to commercial buildings as HVAC, lighting and running water". "Winova Wireless looks forward to working with commercial property management companies and commercial financing operations in the funding, design, deployment, operation of wide-area wireless networks". Winova Wireless delivers and deploys urban and rural 802.11/802.16 wireless LAN/MAN networks offering broadband capabilities and delivering applications through public access points (hotspots), and via campus and enterprise solutions. "Winova's Strategic Partners are 'best of breed' suppliers of products and services to bring end users wirelessly to our customers, who include office building owners and commercial real estate firms, entertainment companies, telecom carriers, IT management and resellers, retail and distribution outlets, public and not-for-profit governmental organizations, and commercial and community-based ISPs."


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Jim Colthart
Winova Wireless
858 335 3295
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