Waystream received first order in Malaysia

Waystream, who develops and sells advanced digital infrastructure such as switches and advanced routers for fiber-based broadband networks, has received a first order for the Malaysian market through its partner MetroVerse. Together, Waystream and MetroVerse are building the fiber network connections for Fiber@Home, an Internet Service Provider (ISP).

Waystream recently announced that it is increasing the focus on Malaysia. Through its partnership with MetroVerse, the first order has now been received from Fiber@Home which is one of the major national ISP’s in Malaysia. Fiber@Home is an active customer that successfully installs fiber networks in both new buildings and communities in Malaysia.

Fiber@Home focuses on three geographic areas in Malaysia; the regions Sungei Petani Penang in north Malaysia, Kuala Lumpur and surrounding area, and Johor Bahru and Iskandar in south Malaysia. Fiber@Home has recently launched a project to build network infrastructure for more than 20,000 buildings in the next nine to twelve months.

- There is a big momentum in new construction in Malaysia and we are very pleased that we are now making our first deal there. We look forward to our continued partnership with the MetroVerse and Fiber@Home and we see huge potential in the Malaysian market, says Johnny Hedlund, CEO of Waystream.

The order includes Waystream’s Gigabit Ethernet Switch ASR6000 which will shipped immediately.

Malaysia has a population of 31 million inhabitants and it’s economy is growing rapidly, resulting in large investments in infrastructure such as roads, railways, business- and residential buildings, and also broadband networks.

For more information, please contact:
Johnny Hedlund, CEO Waystream
Mobile: 46 (0) 734-38 23 29
Email: johnny.hedlund@waystream.com

About Waystream
Waystream develops and sells high-quality and advanced digital infrastructure, such as routers and switches. With our products and expertise, we make it possible for telecom operators and service providers to offer reliable and user-centric network services with the best features. Our products are smart, simple to configure and maintain, and are designed to create the best end user experience.

The company is listed on the NASDAQ OMX First North stock exchange, under the WAYS ticker. Waystream's Certified Advisor is Avanza Bank (www.avanza.se).