FreeWave Technologies Continues Strong Growth and Investment in Products and Employees

FreeWave Technologies Continues Strong Growth and Investment in Products and Employees

FreeWave's ongoing success leads to its 30th consecutive bonus payout to employees

BOULDER, Colo., Aug. 12 /PRNewswire/ -- FreeWave Technologies, (http://www.freewave.com/), manufacturer of the most reliable, high-performance spread spectrum and licensed radios for critical data transmission, continues its solid record of growth and investments through the first half of 2009. As has been true for the past 14 years, the company shares its success with its employees through regular, twice-a-year bonus payouts. The most recent, paid on July 23, was the 30th consecutive bonus payment since 1995. Payments are based on company profitability and individual performance.

Despite economic challenges, FreeWave also continues to invest in hiring, new product development and market expansion. For example, FreeWave expects to increase its year-to-year headcount and is looking to fill several sales and product management positions. In addition, FreeWave has issued a steady stream of new products this year, including the IMCP 2.4 GHz, FGR2 Series; LRS455 Series; Tool Suite; and, most recently, new additions to its industry-leading MM2 radios. The company is expanding into new markets as well, both geographically and vertically.

"We continue to be successful, despite challenging times for many, because of the dedication and hard work of our employees," explained Ken Granader, vice president of sales at FreeWave. "Each and every day our employees give 100 percent plus to our organization, and especially to our customers, who are the reason we continue to thrive."

Just more than four months ago, FreeWave also gave its employees the third installment of a $9 million equity bonus payout. This one-time bonus, part of a $113 million private-equity transaction, was given by Company Founders Steve Wulchin and Jonathan Sawyer to reward their employees for their contributions. This payout was in addition to the ongoing bi-annual bonus payout employees regularly receive.

The bonuses come in the midst of an economy that continues to struggle, with many companies continuing to make major budget cuts - including the elimination of bonus programs. In the eyes of Co-founders Wulchin and Sawyer, however, this program is essential in maintaining FreeWave's leading position in the wireless data radio market. Wulchin and Sawyer always have believed that in order to succeed, they need to make ongoing investments in their employees.

"It's deeply rooted in our philosophy," explained Granader. "Work hard and invest in the things that really matter. To us, that is our customers and employees. To this day, it's never failed us."

About FreeWave Technologies

Founded in 1993, FreeWave Technologies manufactures the most reliable, high performing, lowest power consumption, spread spectrum and licensed radios for mission-critical data transmission. Through engineering excellence and a relentless commitment to best-in-class manufacturing, FreeWave customers enjoy superior radio up-time, range and the lowest cost of ownership available. Based in Boulder, Colorado, FreeWave designs and manufactures radios that are the leading choice for oil and gas, utility, military and numerous other industrial applications. Organizations that count on radio data communications for operational success - where failure and down-time are not an option - trust FreeWave for custom network design, system engineering and customer support that is unparalleled in the market. For additional information, contact FreeWave directly at 866.399.4930 or at newsinfo@freewave.com. Visit the company's website at www.freewave.com.

Press Contact:
Christin Jeffers
Catapult PR-IR
303-591-7760 ext. 14
cjeffers@catapultpr-ir.com

Source: FreeWave Technologies

CONTACT: Christin Jeffers, Catapult PR-IR, +1-303-591-7760 ext. 14,
cjeffers@catapultpr-ir.com, for FreeWave Technologies

Web Site: http://www.freewave.com/

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