Press Releases

OTTAWA, ONTARIO, Jul 7, 2010 (Marketwire via COMTEX News Network) -- DragonWave Inc. (TSX:DWI)(NASDAQ:DRWI) a leading global supplier of packet microwave radio systems for mobile and access networks, today announced financial results for its first quarter fiscal year 2011, ended May 31, 2010. All figures are reported in U.S. dollars and were prepared in accordance with Canadian generally accepted accounting principles. Q1 FY2011 Performance Summary - Revenue of $48.7 million, up 275% versus $13.0 million in Q1 FY2010 - Gross margin of 44% compared with 35% in Q1 FY2010 Operating margin of 20% - GAAP diluted earnings per share of $0.26 - Cash generated from operations of $3.5 million - Ending cash, cash equivalents and short-term investments of $115.8 million Revenue for the first quarter of fiscal year 2011 was $48.7 million, compared with $13.0 million in the first quarter of fiscal year 2010 and $61.0 million in the fourth quarter of fiscal year 2010. Rev...

OTTAWA, CANADA, Jun 21, 2010 (Marketwire via COMTEX News Network) -- DragonWave Inc. (TSX:DWI)(NASDAQ:DRWI) a leading global supplier of packet microwave radio systems for mobile and access networks, today announced that it will report its first quarter fiscal year 2011 results after the close of markets in North America on July 7, 2010. The company will discuss the results on a conference call and webcast on July 8, 2010 beginning at 8:30 a.m. Eastern Time. Webcast and Conference Call Details: Toll-free North America Dial-in: (877) 312-9202 International Dial-in: (408) 774-4000 The live webcast and presentation slides will be available at: http://investor.dragonwaveinc.com/events.cfm. An archive of the webcast will be available at the same link. About DragonWave DragonWave(R) is a leading provider of high-capacity packet microwave solutions that drive next-generation IP networks. DragonWave's carrier-grade point-to-point packet microwave systems transmit b...

OTTAWA, ONTARIO, May 20, 2010 (Marketwire via COMTEX News Network) -- DragonWave Inc. (TSX:DWI)(NASDAQ:DRWI) a leading global supplier of packet microwave radio systems for mobile and access networks, today announced that DragonWave President and CEO Peter Allen will present at the Barclays Capital 2010 Global Communications, Media & Technology Conference in New York City on May 27, 2010. The presentation will take place at 9:45 a.m. Eastern Time. The presentation will be webcast. Interested parties can access the live webcast and archive of the presentation on the Investor Relations section of the DragonWave website at: http://investor.dragonwaveinc.com/events.cfm About DragonWave DragonWave(R) is a leading provider of high-capacity packet microwave solutions that drive next-generation IP networks. DragonWave's carrier-grade point-to-point packet microwave systems transmit broadband voice, video and data, enabling service providers, government agencies, enterprises and other ...

OTTAWA, ONTARIO, Apr 9, 2010 (Marketwire via COMTEX News Network) -- The Board of Directors of DragonWave Inc. (TSX:DWI)(NASDAQ:DRWI) announced today that the Toronto Stock Exchange (the "TSX") has accepted DragonWave's notice of intention to make a normal course issuer bid. Under the terms of the normal course issuer bid, DragonWave may acquire up to 3,508,121 of its common shares (the "common shares"), representing approximately 10% of its public float, through the facilities of the TSX and the NASDAQ Global Market ("NASDAQ"), subject to applicable securities laws. As of March 31, 2010, DragonWave had 36,934,917 common shares issued and outstanding of which 35,081,214 constituted its public float. The purchases may commence on April 13, 2010, subject to compliance with DragonWave's insider trading policy. Purchases pursuant to the bid will terminate on April 12, 2011, or on such earlier date as DragonWave may complete its purchases pursuant to the notice of intention to make a n...

OTTAWA, ONTARIO, Mar 15, 2010 (Marketwire via COMTEX News Network) -- The Board of Directors of DragonWave Inc. (TSX:DWI)(NASDAQ:DRWI) announced today that it has authorized the purchase of common shares of the company equal to up to 10% of the public float by way of a normal course issuer bid on the Toronto Stock Exchange and/or the NASDAQ Global Market. The normal course issuer bid is subject to acceptance by the TSX. If approved by the TSX, purchases pursuant to the normal course issuer bid will be made through the facilities of the TSX and/or the NASDAQ Global Market. The normal course issuer bid will be subject to the rules of the TSX and applicable securities laws, including the rules pertaining to the maximum number of shares that may be purchased in any one day. DragonWave will pay the market price at the time of acquisition of common shares purchased through the facilities of the NASDAQ Global Market and/or the TSX. All common shares acquired by DragonWave under the norma...

OTTAWA, CANADA, Mar 08, 2010 (MARKETWIRE via COMTEX News Network) -- DragonWave Inc. (TSX: DWI) (NASDAQ: DRWI) a leading global supplier of packet microwave radio systems for mobile and access networks, today announced that the Navajo Tribal Utility Authority (NTUA) has agreed to a commercial field test using DragonWave's Horizon Quantum radio product. NTUA is pursuing funding from the U.S. Department of Commerce National Telecommunications and Information Administration (NTIA) for a $46M grant that includes a 530 mile of fiber optic deployment and a 57-site Long Term Evolution LTE 4G network that would provide broadband throughout 15,000 miles of the Navajo Nation, which, at 27,000 square miles, is the largest American Indian land base in the United States. According to Walter Haase, General Manager of NTUA, "The network is designed to enable unprecedented applications such as broadband Internet access, distance learning and telemedicine that will certainly benefit people her...

OTTAWA, CANADA, Feb 23, 2010 (Marketwire via COMTEX News Network) -- DragonWave Inc. (TSX:DWI) (NASDAQ:DRWI) a leading global supplier of packet microwave radio systems for mobile and access networks, today announced that DragonWave President and CEO Peter Allen will present at the 2010 Pacific Crest Emerging Technology Summit in San Francisco on February 25, 2010. The presentation will take place at 9:30 a.m. Pacific Standard Time. The presentation will be webcast. Interested parties can listen to and view the presentation via the following link: http://www.wsw.com/webcast/pc16/dwi.to/ About DragonWave DragonWave(R) is a leading provider of high-capacity packet microwave solutions that drive next-generation IP networks. DragonWave's carrier-grade point-to-point packet microwave systems transmit broadband voice, video and data, enabling service providers, government agencies, enterprises and other organizations to meet their increasing bandwidth requirements rapidly and afford...

OTTAWA, CANADA, Feb 3, 2010 (Marketwire via COMTEX News Network) -- DragonWave Inc. (TSX:DWI)(NASDAQ:DRWI) a leading global supplier of packet microwave radio systems for mobile and access networks, today announced that DragonWave President and CEO Peter Allen will present at the Thomas Weisel Partners Technology & Telecom Conference in San Francisco on February 9, 2010. The presentation will take place at 9:10 a.m. PST. The presentation will be webcast. Interested parties can listen to the presentation and view the presentation slides via the following link: http://www.veracast.com/webcasts/twp/tech2010/44203455.cfm About DragonWave DragonWave(R) is a leading provider of high-capacity packet microwave solutions that drive next-generation IP networks. DragonWave's carrier-grade point-to-point packet microwave systems transmit broadband voice, video and data, enabling service providers, government agencies, enterprises and other organizations to meet their increasing bandwidth ...

OTTAWA, ONTARIO, CANADA, Jan 7, 2010 (Marketwire via COMTEX News Network) -- DragonWave Inc. (TSX:DWI)(NASDAQ:DRWI) a leading global supplier of packet microwave radio systems for mobile and access networks, today announced record financial results for the third quarter of fiscal year 2010, ended November 30, 2009. All figures are prepared in accordance with Canadian generally accepted accounting principles (GAAP) and are reported in Canadian dollars. This press release contains statements, including statements regarding our revenue expectations for our 2010 fiscal year, that constitute forward-looking statements or forward-looking information. Readers are cautioned that such statements are based on DragonWave's current views and actual outcomes are not certain. For more information, see the note on forward-looking statements below. Revenue for the third quarter of fiscal 2010 increased 421% to $55.8 million, compared with $10.7 in the third quarter of fiscal 2009. Revenue fro...

OTTAWA, ONTARIO--(Marketwire - 12/07/09) - DragonWave Inc. (TSX:DWI - News)(NASDAQ:DRWI - News) a leading global supplier of packet microwave radio systems for mobile and access networks, today announced that DragonWave President and CEO Peter Allen will present at the Brigantine Advisors Tech Trends in '10 Investor Conference in New...