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2014-04-22

GOWEX : GOWEX WiFi Free, a first step to provide the best infrastructure to Dubai before the EXPO 2020

GOWEX WiFi Free, a first step to provide the best infrastructure to Dubai
before the EXPO 2020

GOWEX and DAFZA (Dubai Airport Free Zone Authority), an independent economic
zone established in the Emirate, will provide WiFi Access and smart services
to the most important business district in the Middle East

With more than 1.600 international companies in its territory, the DAFZA
contributes an 8% to the Emirate capital and has grown 42% between 2012 and
2013

Madrid, April 22, 2014

-.

GOWEX(GOW-MAB, ALGOW-NYSE Alternext LGWXY-OTC Market)
leader Company in creating Wireless Smart Cities and the Dubai Airport
Freezone Authority (DAFZA), a free economic zone at Dubai, have reached an
agreement to transform the economic zone into a Wireless Smart City®,
integrating free WiFi connectivity and smart services in the whole territory.
The agreement signature has been possible thank to the alliance between
DAFZA, GOWEX and THTC, GOWEX' strategic partner in the region and the local
engineering leader in Dubai.

The development phase is divided in three. The first one will be runningnext
May 15th
and will allow citizens and machines (M2M) to connect. This project is framed
inside GOWEX's worldwide strategy in developing Wireless Smart Cities. In
addition,Dubai Airport Freezone Authority boosts to provide infrastructure in
the
Emirates capital before the DUBAI EXPO 2020.

Nowadays, according toFinancial Times,
DAFZA is the most important 'Free Economic Zone' in the world, because it
hosts more than 1.600 companies from 5 different continents and contributes
with an 8% to Dubais whole business.This Global Leader Project, will open
Dubai and their citizens as a Global
Capital Connected to NYC, San Francisco, Paris, Madrid or Dublin and more
than 84 big cities of the World, that works in same Platform.

For GOWEX, it's prideful to work with DAFZA and THTC, transforming the zone in
a Wireless Smart City. Dubai is getting ready for the DUBAI EXPO 2020, which
will be the most spectacular in history, with any doubt. And we will
contribute with our project in a relevant way,
point outJenaro García, CEO of GOWEX.

Free WiFi, the first step to become a Smart City
Dubai Airport Freezone Authority will count with Free WiFi inside its
buildings thanks to the deployment of more of than 500 hotspots. Those will
also be installed in urban transport for an Internet connection in motion.
Workers and DAFZA neighbors will have an Internetfreemium
access, with a download speed up to 1Mbps for everybody and payment rates for
those who would need a faster connection.

In the other hand, not only citizens and DAFZA workers will profit an Internet
connection but the project considers to stir in smart services that will work
for free thank to the big wireless infrastructure created in the zone.

802.11ac
Noteworthy that this is the first time creating a network this significant
with an 802.11ac (GigaBit WiFi) technology, which standard was finally
approved on January 2014. This will improve users and services
interconnections.
On its effort to improve, GOWEX has got ready its systems in order to adopt
the new standard, helping transfer rates, and allowing fluidity and a faster
connection with a better user experience thanks to its 1 Gb/s speed.

About GOWEX (GOW-MAB, ALGOW-NYSE Alternext, LGWXY-OTC Market)

GOWEX has operated in the telecommunications sector for 15 years. The Company
is currently leading the creation of Wireless Smart Cities, offering free and
premium WiFi connectivity in streets, public spaces, public transport and
stations. GOWEX is now exporting its innovative business models to more than
84 cities in the world, thanks to different agreements with Public
Administrations, Franchise, Associations and Transport companies.

The company works to create Wireless Smart Cities (WiFi Smart Cities),
offering free WiFi access to citizens, improving the services given through
wireless connectivity: online meter reading, traffic light control, public
transport fleet management, video surveillance and so on.

In 2010, GOWEX became the first and only Spanish SME making a dual listing,
publicly traded in MAB (GOW) and
NYSE-Alternext
(ALGOW). The company's total revenue amounted to €114,1 million in 2012, a 71%
more compared to 2011. In December 2012, GOWEX subscribed a €18 million
capital, adding 1,528,404 new common shares to the market. In February 2012,
the Securities and Exchange Commission (SEC) approved the emission of the
ADR's program (American Depositary Receipt) allowing the Group to be quoted
in the USAs market OTCQX.

Having offices in Madrid, Paris, Dubai, London, Buenos Aires, Shanghai and
Costa Rica, GOWEX develops a sustainable business model in its WiFi networks,
based on the efficient and technical quality of their patented platforms: the
Roaming Platform, which allows users to connect freely in GOWEX's cities, and
the Geolocation Content and Advertisement Platform, which provide financing
system through marketing and advertisement agreements.

In 2011, GOWEX joined the Wireless Broadband Alliance and received a prize for
being the "Best Company" on the Internet Day.
In 2013, the company was rewarded as "Best New listed Company" in the first
edition of the " European Small *Mid-Cap Awards".

GOWEX WiFi Free in Dubai
http://hugin.info/158036/R/1778710/607530.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Gowex via Globenewswire

HUG#1778710

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