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Titan Subsidiary Titan Wireless Deploys Broadband Wireless Access Technology in Three New Markets Titan Wireless, through its subsidiary, Sakon, has completed the initial deployment of Broadband Wireless Access (BWA) technology in Bangladesh, Cameroon and Ghana and has begun providing broadband data and Internet services to corporate customers in each of these markets. |
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SAN DIEGO, CA - December 12, 2001 -- The Titan Corporation (NYSE:TTN) today announced that Titan Wireless, through its subsidiary, Sakon, has completed the initial deployment of Broadband Wireless Access (BWA) technology in Bangladesh, Cameroon and Ghana and has begun providing broadband data and Internet services to corporate customers in each of these markets. The deployments are part of Titan's strategy of capitalizing on the unmet demand for state-of-the art broadband data services by corporate customers in many developing countries. Sakon Bangladesh currently provides data and high speed Internet service to corporate customers in Dhaka, with plans to expand into two additional cities within the year, including Sylhett and the industrial center of Chittagong. Service in Cameroon has begun in the capital city of Douala and will expand to the city of Yaounde in the coming months. In Ghana, Sakon is servicing customers in the capital city of Accrah, with expansion to Temah planned in the near future. Customers in these markets are charged a monthly fee for service based upon the amount of bandwidth they consume. Current customers of Sakon's service in these markets include multi-national corporations, banks, hotels, and the Chittagong Stock Exchange. "We believe these deployments further the Titan goal of becoming a leading provider of broadband services to corporate customers in developing countries in Africa and Central Asia. With the addition of our presence in Bangladesh, Cameroon and Ghana, the Titan network continues to expand and to offer corporations in developing countries highly reliable, end to end, business class broadband service at a cost effective price," said Eric M. DeMarco, Executive Vice President and Chief Operating Officer of Titan. Headquartered in San Diego, The Titan Corporation creates, builds and launches technology-based businesses, offering innovative technical solutions. Three of Titan's four core businesses develop and deploy communications and information technology solutions and services. In addition, Titan's subsidiary SureBeam (Nasdaq: SURE) markets the leading technology for the electronic pasteurization of food products. Titan is continually identifying promising technologies suitable for commercialization. The company has 10,000 employees and annualized sales of approximately $1.3 billion. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release, which are not historical facts, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Examples of such forward looking statements include the Company's belief that it can offer business class broadband services to corporate customers in developing countries as a cost effective price. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the risks associated with the Company's entry into new commercial businesses and new markets such as the fixed wireless broadband market that require the company to develop demand, the risks of doing business in developing countries and international markets including foreign currency risks, and other risks described in the Company's Securities and Exchange Commission filings.
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