GlobeNewswire
2012-01-30
New CLEAR Spot Voyager, One of the Smallest 4G Hotspot
Devices on the Market, Delivers Enhanced Battery Life
Bellevue, Wash., Jan. 30, 2012 (GLOBE NEWSWIRE) -- Clearwire (NASDAQ:
CLWR), a leading provider of wireless broadband services, today
announced the availability of the CLEAR Spot(r) Voyager, a new personal
hotspot that offers super-fast speeds, unlimited* 4G usage plans, and
compatibility with millions of mobile devices. The company also
announced the availability of the CLEAR Hub Express, a combination 4G
modem and wireless router to give your home or office high-speed
wireless internet.
The CLEAR Spot Voyager gives users everything they need to create a
personal hotspot for up to eight wi-fi-enabled devices, at the same
time. The CLEAR Spot Voyager offers consumers a battery life greater
than six hours*** and a compact form factor at 2.6 inches square. The
CLEAR Hub Express provides users 4G internet and is the only piece of
equipment needed to set up a 4G internet hotspot in a home or office.
With the device's built-in wireless router, users have an instant wi-fi
network with no set-up or installation required.
"Clearwire has been a leader in the adoption of the 4G personal hotspot
and fixed modem categories since our first product launches in early
2009. We continue to set the pace in the industry by offering
innovative products that deliver high-speed 4G Internet service that is
easy to set up and affordable," said Dow Draper, senior vice president
and general manager - CLEAR. "These devices offer today's mobile and
home users, and the millions of wi-fi products in use across the
country, even broader access to CLEAR's 4G take-it-with-you internet."
Unlike service plans from traditional wireless carriers which cap data
usage, CLEAR offers unlimited* 4G usage plans that do not require
long-term service contracts. CLEAR offers unlimited* 4G coverage
starting as low as $34.99/mo.** for either a home or mobile plan. CLEAR
service is currently available in areas of the United States where
approximately 130 million people live. A detailed map of service
availability can be found at www.clear.com/coverage.
The New CLEAR Mobile Hotspot and CLEAR Modem/Wireless Router
The CLEAR Spot Voyager is a personal mobile hotspot allowing users to
easily and securely share unlimited* super-fast Internet access,
anywhere CLEAR has coverage, simultaneously with up to eight
wi-fi-enabled devices, including the iPad(r), iPhone(r), iPod(r) touch,
laptops, smartphones, and portable gaming devices. The CLEAR Spot
Voyager is manufactured by Infomark and costs $124.99 (plus tax and
shipping). The device is 2.6" square, weighs only 2.1 ounces, and runs
on a rechargeable battery that provides up to six hours of continuous
use.*** The CLEAR Hub Express is a modem and wireless router in one,
supporting wi-fi-enabled devices with coverage up to 150 feet away. The
CLEAR Hub Express is manufactured by Gemtek, costs $99.99 (plus tax and
shipping) and is 6.1" x 9.3" x 3.7". The CLEAR Spot Voyager and CLEAR
Hub Express both currently are available online at www.clear.com.
For more information about CLEAR, visit www.clear.com. Company
information about Clearwire is available at www.clearwire.com.
For press and broadcast: Product images, video footage and company
logos can be downloaded from the Clearwire Newsroom. To subscribe to
Clearwire's RSS news feed, click here.
About Clearwire
Clearwire Corporation (NASDAQ: CLWR), through its operating
subsidiaries, is a leading provider of wireless broadband services.
Clearwire's 4G network currently provides coverage in areas of the U.S.
where more than 130 million people live. Clearwire's open all-IP
network, combined with significant spectrum holdings, provides an
unprecedented combination of speed and mobility to deliver
next-generation broadband access. The company markets its 4G service
through its own brand called CLEAR(r), as well as through its wholesale
relationships with companies such as Sprint, Comcast, Time Warner
Cable, Locus Telecommunications, Cbeyond, Mitel, Simplexity, United
Online and Best Buy. Strategic investors include Intel Capital,
Comcast, Sprint, Google, Time Warner Cable, and Bright House Networks.
Clearwire is headquartered in Bellevue, Wash. Additional information is
available at www.clearwire.com.
* Unlimited plans subject to CLEAR's Acceptable Use Policy, posted
atwww.clear.com/legal/aup.
** Taxes, equipment and other charges apply.
*** Actual battery life that user experiences between charges may vary
and is not guaranteed.
Clearwire, CLEAR, the CLEAR logo, and CLEAR Spot are trademarks or
registered trademarks of Clearwire Communications LLC. iPad, iPhone and
iPod touch are registered trademarks of Apple Inc.
Forward-Looking Statements
This release, and other written and oral statements made by Clearwire
from time to time, contain forward-looking statements which are based
on management's current expectations and beliefs, as well as on a
number of assumptions concerning future events made with information
that is currently available. Forward-looking statements may include,
without limitation, management's expectations regarding future
financial and operating performance and financial condition; proposed
transactions; network development and market launch plans; strategic
plans and objectives; industry conditions; the strength of the balance
sheet; and liquidity and financing needs. The words "will," "would,"
"may," "should," "estimate," "project," "forecast," "intend," "expect,"
"believe," "target," "designed," "plan" and similar expressions are
intended to identify forward-looking statements. Readers are cautioned
not to put undue reliance on such forward- looking statements, which
are not a guarantee of performance and are subject to a number of
uncertainties and other factors, many of which are outside of
Clearwire's control, which could cause actual results to differ
materially and adversely from such statements. Some factors that could
cause actual results to differ are:
-- We have a history of operating losses, and we expect to continue to
realize significant net losses for the foreseeable future.
-- If our business fails to perform as we expect or if we incur unforeseen
expenses in the near term, we will require additional capital to fund our
current business. Also, we will need substantial additional capital over
the intermediate and long-term. Such additional capital may not be
available on acceptable terms or at all. If we fail to obtain additional
capital, our business prospects, financial condition and results of
operations will likely be materially and adversely affected, and we will
be forced to consider all available alternatives.
-- Our current plans and projections are based on a number of assumptions
about our future performance, which may prove to be inaccurate, such as
our ability to substantially expand our wholesale business and implement
various cost savings initiatives.
-- Our business has become increasingly dependent on our wholesale partners,
and Sprint in particular. If we do not receive the amount of revenues we
expect from existing wholesale partners or if we are unable to enter into
new agreements with additional wholesale partners for new wholesale
commitments, our business prospects, results of operations, and financial
condition could be adversely affected, or we could be forced to consider
all available alternatives.
-- We regularly evaluate our plans, and we may elect to pursue new or
alternative strategies which we believe would be beneficial to our
business, including among other things, expanding our network coverage to
new markets, augmenting our network coverage in existing markets,
changing our sales and marketing strategy, and/or acquiring additional
spectrum. Such modifications to our plans could significantly change our
capital requirements.
-- We believe we will need to deploy LTE on our wireless broadband network,
alongside mobile WiMAX, to be able to continue to operate in the long
term. We will incur significant costs to deploy such technology, and we
will need to raise substantial additional capital to cover such costs.
Additionally, LTE technology, or other alternative technologies that we
may consider, may not perform as we expect on our network, and deploying
such technologies would result in additional risks to the company,
including uncertainty regarding our ability to successfully add a new
technology to our current network and to operate dual technology networks
without disruptions to customer service, as well as our ability to
generate new wholesale customers for the new network.
-- We currently depend on our commercial partners to develop and deliver the
equipment for our legacy and mobile WiMAX networks.
-- Many of our competitors for our retail business are better established
and have significantly greater resources, and may subsidize their
competitive offerings with other products and services.
-- Our substantial indebtedness and restrictive debt covenants could limit
our financing options and liquidity position and may limit our ability to
grow our business.
-- Sprint owns just less than a majority of our common shares, is our
largest shareholder, and has the contractual ability to obtain enough
shares to hold the majority voting interest in the company, and Sprint
may have, or may develop in the future, interests that may diverge from
other stockholders.
-- Future sales of large blocks of our common stock may adversely impact our
stock price.
For a more detailed description of the factors that could cause such a
difference, please refer to Clearwire's filings with the Securities and
Exchange Commission, including the information under the heading "Risk
Factors" in our Annual Report on Form 10-K filed on February 22, 2011
and subsequent Form 10-Q filings. Clearwire assumes no obligation to
update or supplement such forward-looking statements.
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CONTACT: National Media and Industry Analysts - JLM Partners for ClearwireMike DiGioia206-819-9032 (mobile)206-381-3600 (office)mike@jlmpartners.comRegional/Local Media ContactChris Comes312-282-0539 (mobile)847-993-9661 (office)christopher.comes@clearwire.com