SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of September, 2003
Commission File No.: 333-107620
SR TELECOM INC.
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(Translation of registrant's name into English)
8150 TRANS-CANADA HIGHWAY
MONTREAL, QUEBEC H4S 1M5
CANADA
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F:
20-F [x]
40-F [ ]
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [ ]
No [x]
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b):
NEWS RELEASE [LOGO SR Telecom]
www.srtelecom.com
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For more information:
David Adams Paul Goyette
(Senior Vice-President, Finance and CFO) (Director, Communications)
(514) 335-4035 (514) 335-2429 x 4361
email: david_adams@srtelecom.com email: paul_goyette@srtelecom.com
Brian Quick (Maison Brison)
(514) 731-0000
email: brian@maisonbrison.com
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SR TELECOM RECEIVES FIRST ORDERS FOR AIRSTAR
AIRSTAR WILL SERVE AS BACKUP FOR MISSION CRITICAL FINANCIAL NETWORK
MONTREAL, AUGUST 29, 2003 -- SR TelecomTM Inc. (TSX: SRX), a global leader in
fixed wireless access solutions, today announced that it has received its first
orders for Netro Corporation's (NASDAQ: NTRO) AirStar product from a leading
telecommunications service provider in Mexico. The contract calls for SR
Telecom to build a high-capacity fixed wireless access network in support of
mission-critical network redundancy services to the financial community. The
network will establish broadband connectivity between the national stock
exchange and its users within the financial community using AirStar in a
point-to-multipoint network configuration.
"Our extensive experience in the deployment of leading-edge fixed wireless
networks combined with the superior capabilities of the AirStar product
represented the best solution for this customer in delivering equivalent to
wireline dependability and quality of service to its users in the financial
community," said Claude Giguere, Senior Vice President, SR Telecom.
With product availability at 3.5, 10.5, 26 and 28GHz, AirStar addresses the
needs of operators and carriers who offer metropolitan broadband connectivity
services. AirStar's intelligent ATM-based technology optimizes spectrum use
through packet-based dynamic bandwidth allocation, enabling AirStar to handle a
wide variety of services and provide on-demand bandwidth quickly, reliably and
economically. AirStar is also used for cellular transmission infrastructure
applications. AirStar is deployed in Europe, Asia, Latin America, the Middle
East and North America.
Backed by two decades of providing fixed wireless access systems, SR Telecom
offers its customers a full range of services, from network planning to system
maintenance and 24/7 technical assistance around the world.
On March 27, SR Telecom announced an agreement and plan of merger with Netro.
On August 27, 2003, Netro's stockholders approved and adopted the proposed
agreement and plan of merger with SR Telecom. The closing of the merger is
contingent upon other customary closing conditions and the formal declaration
by Netro's board of directors of an aggregate US$100 million dividend; the
closing is expected to occur on September 4, 2003. Only Netro stockholders of
record as of the close of business on September 4, 2003, will be entitled to
receive the merger consideration of SR Telecom Common Share and the cash
dividend.
ABOUT SR TELECOM
SR Telecom is a world leader and innovator in Fixed Wireless Access technology,
which links end-users to networks using wireless transmissions. SR Telecom's
field-proven solutions include equipment, network planning, project management,
installation and maintenance services. SR Telecom offers the industry's
broadest portfolio of fixed wireless products, designed to enable carriers and
service providers to rapidly deploy high-quality voice, high-speed data and
broadband applications. These products, which are used in over 110 countries,
are among the most advanced and reliable available today.
FORWARD-LOOKING STATEMENTS
Except for historical information provided herein, this press release may
contain information and statements of a forward-looking nature concerning the
future performance of the Company. These statements are based on suppositions
and uncertainties as well as on management's best possible evaluation of future
events. Such factors may include, without excluding other considerations,
fluctuations in quarterly results, evolution in customer demand for the
Company's products and services, the impact of price pressures exerted by
competitors, and general market trends or economic changes. As a result, readers
are advised that actual results may differ from expected results.
SR TELECOM is a trademark of SR Telecom Inc. All rights reserved 2003. AirStar
is a trademark of Netro Corporation.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
SR TELECOM INC.
By: /s/ David L. Adams
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Name: David L. Adams
Title: Senior Vice President, Finance and
Chief Financial Officer
Date: September 2, 2003