(MENAFN- ProactiveInvestors) ()(NASDAQ:DRWI) shares popped today after the supplier of microwave radio systems for mobile networks announced orders exceeding US$10 million for the month of November from what it called a "tier 1 North American mobile operator".
It said it will provide its Horizon Compact+ and Horizon Quantum microwave links to support the operator's ongoing upgrade and expansion of its nationwide 4G network. More than 50 percent of the orders are tied to engineering and planning and installation services it added.
"These contracts represent a significant increase in our services business and we are proud to have products deployed by a leading Tier 1 partner committed to delivering a top-quality network experience to its customers" said president and chief executive officer Peter Allen.
"We look forward to playing a supportive role in building out a next-generation network that fully meets the growing demand for wireless services."
The Ottawa Ontario-based company's point-to-point packet microwave systems transmit broadband voice video and data enabling service providers government agencies enterprises and other organizations to meet their increasing bandwidth requirements.
Shares jumped 12.6 percent to trade at C$1.21 in Toronto as of 3:10pm ET. Earlier shares rose to as high as C$1.30.
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