OTTAWA, ONTARIO — (Marketwired) — 10/06/17 — DragonWave Inc. a global supplier of packet microwave radio systems for mobile and access networks, today announced that it will be acquired by Transform-X, a US-based privately held company possessing advanced waveform, software and hardware technologies to drive future evolutions in high-capacity microwave radio, satellite radio, broadcast and other RF communications.The transaction is highly synergistic and will provide exciting opportunities
OTTAWA, ONTARIO — (Marketwired) — 07/28/17 — DragonWave Inc. (TSX: DRWI)(NASDAQ: DRWI) ("DragonWave" or the "Company") announces today that the company–s secured lenders Comerica Bank and Export Development Canada have filed an application with the Ontario Superior Court of Justice (the "Application") to appoint KSV Kofman Inc. as receiver (the "Receiver") over the business and assets of the Company. The Application is scheduled to be heard on July 3
OTTAWA, CANADA — (Marketwired) — 07/21/17 — DragonWave Inc. (TSX: DRWI)(NASDAQ: DRWI) announces that, further to its press release dated July 20, 2017, the Corporation is in negotiations with potential sources of alternative financing to address the repayment demand and notice of intention to enforce security issued by Comerica Bank, as agent for Comerica Bank and Export Development Canada. There is no assurance that the Corporation will be successful in securing alternative financing on te
OTTAWA, CANADA — (Marketwired) — 07/20/17 — DragonWave Inc. (TSX: DRWI)(NASDAQ: DRWI) ("The Corporation" or "DragonWave") has received from Comerica Bank, as agent for Comerica Bank and Export Development Canada, a repayment demand of US$17,243,336. The Corporation also received a notice of intention to enforce the security under the June 1, 2012 Revolving Credit Agreement, pursuant to section 244(1) of the Bankruptcy and Insolvency Act (Canada) (the "Notice of Inte
OTTAWA, CANADA — (Marketwired) — 07/12/17 — DragonWave Inc. (TSX: DRWI)(NASDAQ: DRWI) a leading global supplier of packet microwave radio systems for mobile and access networks, today announced financial results for the first quarter of fiscal year 2018. All figures are in U.S. dollars and were prepared in accordance with U.S. generally accepted accounting principles ("GAAP").Revenue for the first quarter of fiscal year 2018 was $9.0 million, compared with $8.0 million in the four
OTTAWA, CANADA — (Marketwired) — 06/29/17 — DragonWave Inc. (TSX: DRWI)(NASDAQ: DRWI) a leading global supplier of packet microwave radio systems for mobile and access networks, today announced that it will report its first quarter fiscal year 2018 results after the close of markets in North America on July 12, 2017. The company will discuss the results on a conference call and webcast on July 13, 2017 beginning at 8:30 a.m. Eastern Time.Webcast and Conference Call Details:Toll-free North A
OTTAWA, CANADA — (Marketwired) — 06/07/17 — DragonWave Inc. (TSX: DRWI)(NASDAQ: DRWI) a leading global supplier of packet microwave radio systems for mobile and access networks, today announced that on June 6, 2017, the Company was notified that the Nasdaq Hearings Panel (the "Panel") has granted the Company–s request for continued listing on Nasdaq.The Company–s continued listing on Nasdaq is subject to the Company–s achievement of certain interim milestones, and ultimately it
OTTAWA, CANADA — (Marketwired) — 06/06/17 — , (TSX: DRWI)(NASDAQ: DRWI) a global supplier of packet microwave radio systems, announced today that it has been awarded a product supply and installation services contract from , a North American 4G LTE inflight service provider.SmartSky will deploy DragonWave–s Harmony Enhanced and Harmony Enhanced MC products to provide high-capacity backhaul for its ground to air 4G LTE network. Harmony Enhanced MC was selected for the high capacity delivered
OTTAWA, CANADA — (Marketwired) — 05/26/17 — DragonWave Inc. (TSX: DRWI)(NASDAQ: DRWI) a leading global supplier of packet microwave radio systems for mobile and access networks, today announced financial results for the fourth quarter and full fiscal year ended February 28, 2017. All figures are in U.S. dollars and were prepared in accordance with U.S. generally accepted accounting principles ("GAAP").Revenue for the full fiscal year was $43.9 million. Revenue for the fourth quart
OTTAWA, CANADA — (Marketwired) — 05/04/17 — DragonWave Inc. (TSX: DRWI)(NASDAQ: DRWI) a leading global supplier of packet microwave radio systems for mobile and access networks, today announced that it will report its fourth quarter and full fiscal year 2017 results after the close of markets in North America on May 26, 2017. The company will discuss the results on a conference call and webcast on May 29, 2017 beginning at 8:30 a.m. Eastern Time.Webcast and Conference Call Details:Toll-free
