WJ Communications, Inc (Nasdaq: WJCI) said Thursday it had signed a multi-year agreement with Cisco (Nasdaq: CSCO) to provide outdoor transceiver units, or ODUs, for Cisco's "New World Wireless Network Ecosystem."
Shares in the company, which makes broadband communications products for current and next generation fiber optic, broadband cable and wireless networks, were up seven percent, or 2.56 to 37.13 on the Island ECN in pre-market trading. Financial details of the deal, announced late Wednesday night, were not released.
The units were developed to be compatible with Cisco's Vector Orthoginal Frequency Division Multiplex technology and incorporate the latest advances in WJ's radio frequency technology. As part of the agreement, WJ will also make equipment available to network service providers, as well as a group of network equipment suppliers who are members of the IEEE's Broadband Wireless Internet Forum.
In addition, WJ announced that it had received initial orders for ODUs from Cisco and MCI. The units are in low rate production and are expected to be delivered in the company's third and fourth quarters.
WJ Communications just went public last August.