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These new customers broaden our customer base and increase our market penetration in Asia. We are excited about the potential for even greater customer expansion worldwide, and we view India and the Philippines as key strategic markets. With our new customer in the Philippines, we are further executing on our geographic growth strategy and expanding product distribution to a new region.

Operators are looking for solutions that help them stay competitive, retain customers and grow their subscriber bases. Our new MV200 Series modems enable them to capture business from landline service providers and offer superior quality voice, data and fax services in one easy-to-use device. We anticipate these new additions to our growing portfolio of fixed and broadband wireless products will allow us to expand our market penetration worldwide, particularly in Latin America, where we are already seeing strong demand for this product family.

We look forward to providing STI with the high quality fixed wireless devices it needs to increase its reach and meet market demand in Indonesia. Indonesia is one of the largest fixed wireless markets and our new products are enabling us to expand into this region, build our customer base in Asia and increase our addressable market.

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