Verso Launches Several WiMAX Technology Initiatives

March 19, 2007

Verso Technologies, Inc., a global provider of next generation network solutions, announced today several strategic initiatives designed to introduce Verso and its VoIP platform into the WiMAX technology arena.

Verso Technologies offers WiMAX network manufacturers the ability to bring to market an end-to-end voice solution by overlaying Verso’s voice and value-added applications, specifically the VoIP MetroNet Overlay, to a WiMAX network. In addition with this solution, Verso offers incumbents and mobile operators a cost effective VoIP platform that can ride over any access medium including WiMAX technology. Our solution allows carriers to introduce VoIP in order to reduce OpEx and increase ROI.

Specifically, as part of its WiMAX strategy, Verso has joined the WiMAX Forum, an international, industry-led, not-for-profit corporation of more than 420 industry members. The Forum was formed to promote and certify the conformance and interoperability of broadband wireless products using IEEE 802.16. The Forum works to promote global WiMAX deployments and to make WiMAX the platform of choice for broadband wireless. As members of the WiMAX Forum, Verso will participate in the Networking Working Group and the Marketing Networking Group, in alliance with several other telecom leaders, to promote the platform.

"Verso brings a strong value proposition to the sector. By partnering with Verso, WiMAX technology vendors as well as traditional operators can deploy revenue enabling VoIP networks and services specifically for voice over WiMAX," said Monty Bannerman, chief executive officer, Verso Technologies. "Verso has long been a pioneer in the VoIP space, and as the WiMAX market grows and pressure for revenue applications grows, Verso's portfolio of VoIP solutions will meet the needs of this new marketplace."