Axis Network Technology Changes Company Name to AceAxis and Develops In-House Manufacturing

The move reflects the additional resources available to AceAxis Ltd since its acquisition by Ace Technology Corp. The first manufacturing plant is planned to open in Korea in 2011 with additional plant in China and India in 2012. When combined with the continued use of AceAxis outsourced EMS, these developments will give the company’s Tier One OEM customer base full confidence in the quality and continuity of supply of high volumes of Remote Radio Heads.

AceAxis is an innovating pioneer in Remote Radio Head technology and a leading supplier of WiMAX and TD-LTE equipment. It is currently developing a new generation of Remote Radio Heads as well as expanding its TD-LTE and FDD LTE product ranges. These 4G technologies are enabling OEMs to help Telecom operators meet the growing demand for mobile wireless broadband services such as those demanded by smart phones, notepads and laptops.

“Today’s unveiling of the AceAxis branding reflects our new position in the hierarchy of 4G infrastructure technology companies” says CEO Simon Mellor. “I’m delighted we are able to leverage Ace Technology’s global scale manufacturing capability in addition to our existing high quality EMS. We’re now part of a much bigger organisation and have the resources to match. We’re expanding our workforce rapidly and have the additional resource of AceWTL (formerly Nortel’s Wireless Technology Laboratories) for R&D as well as Ace Technology’s financial stability. So it makes fundamental sense to change our name to reflect that new status.”

AceAxis Ltd continues to be registered in the UK and all its trading relationships are unaffected by the change of name.