GOWEX deploys in New York one of the biggest free WiFi Networks in the world
*New Yorkers and visitors will enjoy almost two thousands WiFi hotspots
around the biggest neighborhoods of the city
*The new “FREEWiFiGOWEX” network will allow data offloading from the 3G
networks to the GOWEX access points
*Using New York as launch pad, GOWEX plans to know to expand its offer to
the other main cities of the country
MADRID -- March 5, 2013
GOWEX (MAD:GOW) (Paris:ALGOW) (GOW-MAB, ALGOW-NYSE Alternext, LGWXY-OTC),
leading company creating Wireless smart cities (Wireless Smart Cities®) and
intelligent WiFi into the transport, will offer its Free WiFi solution to New
York by the deployment of 1953 WiFi smart zones in the biggest neighborhoods
of the city. Thanks to GOWEX, the almost 20 million of New-Yorkers and also
the 52 millions of tourists who visit the city, will have free Internet access
through-out the hundreds of hotspots spread out between Manhattan, Queens,
Staten Island, Brooklyn and the Bronx.
GOWEX will make profitable derivative investment efforts of this project,
among others, through the following incomes:
*Revenue from roaming and offloading: counting with more than 130 carriers
that the proprietary platform from GOWEX roaming has. Among them, recent
agreements announced with AT & T and Deutsche Telekom
*Advertising revenues: by Smart Advertising platform from GOWEX both
advertisers for the American market and for tourists visiting the city.
America is the world's largest advertising market.
*Revenues from Smart City services, based, service platform also owned by
GOWEX, Wireless Smart Cities ® (WSC) Platform.
GOWEX in the United States
New York has always been considered as one of the strategic cities in which
GOWEX wished to deploy its solutions. By this offer, the Company enters in the
best possible way into the North American market and now reaches millions of
potential users. “Offering our service in New York is a dream come true but
also one more step towards our goal which is to soon cover the United States
of America as well as we already cover Europe”, said Jenaro García, GOWEX’s
CEO. “Offering free Internet in Times Square, Broadway, Fifth Avenue or Park
Avenue thanks to a 100% Spanish project, is an honor”, stated Jenaro García.
This new step follows the recent entrance of the Company into the North
American market, where it will soon be listed through an ADR program (American
Depositary Receipt) enabling the company’s shares to be traded on the Over The
Counter” (OTC) market (Ticker LGWXY).
An offer adapted for New Yorkers
The Free WiFi GOWEX connection will have certain technical specifications
adapted to the use of New Yorkers and tourists. To access to the
“FREEWiFiGOWEX” network, the users will have to previously download the GOWEX
WiFi Free application, available for iOS and Android devices. This app, which
is making its debut in New York in its 3.0 version, will offer among other
functionalities: a smartzone map, adapted to the North American metric system,
thematic new specific theme channels and city centric information pages.
Furthermore, the data download will be achieved through a 1Mb speed connection
for free users. The network will also allow the 3G network operators to
offload the data traffic through the GOWEX hotspots and therefore help enable
relieve their networks that are regularly saturated in many points of New York
due to the high number of connections and users in most of these areas.
New York, WiFi city
Earlier this year, Google announced a Free WiFi deployment in Chelsea. The
Silicon Valley giant offers free internet connection to the 2.000 citizens and
thousands of visitors in this district.
With the GOWEX project, Free WiFi now extends to all the neighborhoods in the
City. New York now stands as a reference in terms of Free WiFi around the
About GOWEX (GOW-MAB, ALGOW-NYSE Alternext, LGWXY OTC)
GOWEX (GOW-MAB, ALGOW-NYSE Euronext) has operated in the telecommunications
sector for 14 years. It is currently leading the creation of "Wi-Fi Cities,"
which offers free and premium Wi-Fi connectivity on the street and in means of
public transportation. The company is now exporting its innovative business
models to many cities in Europe, South America, Asia, and emerging countries.
In 2010, it became the first and only Spanish SMB to make a "dual listing,"
publicly traded in MAB (GOW) and NYSE-Euronext (ALGOW). The company's total
revenue amounted to €66.7 million in 2011, and for the first half of 2012, it
was €41 million (60% over the same period on 2011. On December 2012, GOWEX
subscribed a €18 million capital, adding 1,528,404 new common shares to the
market. In February 2012, the SEC approved the launch of a program of ADR
(American Depositary Receipt), enabling the Group to be also listed in the
United States on the OTC market.
With offices in Madrid, Burgos, Buenos Aires, London, San José (Costa Rica),
Paris, Shanghai, and Dubai, GOWEX develops a sustainable business model in its
Wi-Fi networks, based on the efficient and technical quality of their patented
platforms: the Roaming Platform, which allows users to connect freely in all
the cities, and the Geolocalization Content and Advertisement Platform, which
provides financing business through marketing and advertisement agreements.
In 2011, GOWEX joined the Wireless Broadband Alliance and received a prize for
the “Best Web Company” on Internet Day.
In February 2012, Jenaro Garcia GOWEX CEO received the “Entrepreneur of the
Year Award” by Ernst & Young in the category of "Innovation”.
Charlène Masson, 01 56 88 11 28
Benjamin Lehari, 01 56 88 11 25
Florencia Mate Garabito, + 34 670 738 579
Manager & Investor Relations
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