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New York, New York, January 20, 2006 – E. J. McKay & Co., Inc. today announced the sale of HyperEdge Corp. of Batavia, Illinois to Westell Technologies, Inc. (NASDAQ: WSTL) a leading provider of broadband/DSL access products, gateways and conferencing services located in Aurora, Illinois. HyperEdge is a leading developer of systems to facilitate the delivery of telco network access products including T1, DS3 and T1 Mountings. HyperEdge's products are deployed and used by telecommunications service providers in North America .
E. J. McKay & Co., Inc. acted as exclusive advisor to HyperEdge for this transaction. The transaction is representative of the full international reach of E. J. McKay, which operates both internationally and domestically in nations around the world to provide a full range of strategic services to its clients. "We are committed to finding the best possible strategic partner for our clients, whether that partner is half a world away or right next door", commented William B. Heyn, a Partner in the New York office of E. J. McKay.
About HyperEdge Corp.
HyperEdge Corp. based in Batavia , Illinois , U.S.A. , designs and markets equipment and systems that enable broadband access within the "last mile" of the U.S. telecommunications network as an established provider of T1-based network access products. HyperEdge was founded as Troncom Corporation in 1992 to provide Mountings for Network Interface Units ("NIU"s) for T1 broadband access lines, and later expanded to provide the NIUs themselves. The T1 access lines enabled by the Company's products are the primary means of delivering broadband access to small and medium-sized business customers. The Company's indoor and outdoor technical enclosures and mountings house HyperEdge and third party NIUs and provide weather protection, power requirements and network interconnection. The Company also sells DS3 NIUs for broadband access.
About Westell Technologies, Inc.
Westell Technologies, Inc., (NASDAQ: WSTL) headquartered in Aurora, Illinois, is a Broadband Access Solutions company that provides leading broadband products, service solutions, and conferencing solutions for carriers, service providers and business enterprises around the world. Westell delivers innovative, open broadband solutions that meet the market's needs for fast and seamless broadband connection. For more information visit www.westell.com
About E. J. McKay
E. J. McKay is a Shanghai based investment banking group specialized in structuring complex cross-border mergers & acquisitions and merchant banking transactions. Through its offices and strategic partnerships, the firm is present in thirty major financial centers around the world. E. J. McKay has a dedicated focus on China, and advises transactions both inbound and outbound, representing clients both local and multinational.
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