Schaumburg, Illinois (PRWEB) April 20, 2009
Versar, Inc. (NYSE Amex: VSR) and Lemko Corporation are pleased to announce a Strategic Partnership to work closely together in offering an all-inclusive, 4G-ready, mobile broadband package for rural U.S. carriers. The solution features Lemko's Node1TM mobile broadband cellular system and Versar's construction and management services. The end result is a rapidly deployable, complete turn-key solution that offers rural carriers the lowest cost build-out for under-served and un-served markets. This offering fits easily into the upcoming rural broadband stimulus package and meets the shovel-ready criteria required by the plan.
"This collaboration provides an excellent fit for our strategy of providing one-stop-shopping in order to deliver economical, high speed communications services to rural Americans. With this agreement, we can provide the rural carrier with a complete next-generation voice and data system, including a 4G core network that switches, routes and bills all traffic at every site; avoiding costly backhaul," says Nicholas Labun, CEO of Lemko.
"The agreement with Lemko will enable Versar to bring its extensive management, engineering and construction resources to the rural American market. With this powerhouse, we can install a robust and fully operating mobile broadband / cellular system in less than 90 days and at a price that dramatically reduces the rural carriers' current capital and future operating expenditures. Additionally, this extends leading edge services to a market that may barely have cellular coverage, let alone mobile broadband coverage." said Ted Prociv, Versar's President and CEO.
Versar, headquartered in Springfield, VA, is a publicly held global project management company delivering construction management, environmental sciences and engineering infrastructure solutions to public and private customers. Our commitment to quality and best value ensures high returns for our customers, employees and shareholders. VERSAR web site is http://www.versar.com
Lemko is a premier communications software company that provides a complete mobile network at the cell site (RAN), distributing the core intelligence to the edge of the network and creating a reliable, flat IP architecture. Its next-generation technology eliminates costly backhaul, lowers data latency and delivers the industry's network vision for 4G cellular. This patented and powerful solution supports 2.5G, 3G, and 4G RAN technologies while offering full compatibility with existing systems at a ground breaking price point. Lemko is 4G-ing AheadTM with broadband mobile, homeland security and enterprise solutions. Lemko is headquartered in Schaumburg, Illinois, USA and has a website at http://www.lemko.com.
This press release contains forward-looking information. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be significantly impacted by certain risks and uncertainties described herein and in Versar's Annual Report on Form 10-K filed with the Securities and Exchange Commission for the year ended June 27, 2008. The forward-looking statements are made as of the date hereof and Versar does not undertake to update its forward-looking statements.