May 9, 1999
STM Wireless Inc. said it has received a $5.4-million contract from Bolivia's sole long-distance provider, Entel S.A., to supply 550 solar-powered telephone terminals. STM, an Irvine manufacturer of communications equipment for satellite telephone and data systems, said it expects more than half the solar phone sites to be in service by the end of the year.
December 1, 1999
STM Wireless Inc. said Tuesday that it has received a $500,000 contract from Niobrara Research & Development Corp. for its SpaceWeb online broadband Internet access technology. STM, an Irvine satellite communications software company, said the network for the Missouri, Kan., industrial communication equipment maker will target broadband corporate customers in North and Central America with two-way satellite Internet access.
May 22, 1999 |
Irvine-based STM Wireless Inc. said Friday it has reached an agreement with its lender to extend the loan on which the company had defaulted. STM said it has established "the framework" for repaying $9 million to Wells Fargo HSBC Trade Bank. STM's credit arrangement with the bank expired April 1, prompting the lender to threaten foreclosure.
June 20, 1997 |
STM Wireless Inc. said Thursday it has received a $1-million contract from Golden Health Network of China, and will provide voice, data and video conferencing to 20 hospitals there.
June 20, 1996
STM Wireless Inc. said it has sold $2.8 million of networking equipment to Thailand's Samart Telcoms. STM Wireless said its equipment will be used to link a banking network, a voice and video network, and to monitor and control oil wells and pipelines throughout the country. Samart Telcoms, a unit of Samart Corp., provides satellite communications services in Thailand. STM Wireless makes wireless communications products.
February 22, 2003 |
STM Wireless Inc. filed for bankruptcy protection and agreed to be bought by an investment firm that intends to take the Irvine-based maker of satellite networking gear private. Sloan Capital Partners agreed to pay $4 million for the assets of STM. In its bankruptcy filing, STM listed assets of $22.7 million and liabilities of $19.9 million. STM shares, which peaked at $20.25 in 1997, fell 19 cents to 3 cents on Nasdaq.