Celerity Systems Announces First Sale to Optelecom, Inc.
KNOXVILLE, Tenn.--(BUSINESS WIRE)--March 23, 1999--Celerity Systems,
Inc., (Nasdaq: CLRT - news) announced today its first sale of T 6000
digital set top boxes to Optelecom, Inc. of Gaithersburg, Maryland.
These units will be used for deployment in a digital surveillance
application. The units are shipping immediately. Subject to these
initial units working successfully, significant additional sales are
expected. Celerity Systems, Inc., manufactures digital video servers and
digital set top boxes for the interactive video services and high speed
Internet industries. Through partnerships with leading companies
including Nortel, Minerva, Battelle Laboratories, Fore Systems, and
Cisco, Celerity Systems, Inc., provides end-to-end solutions for
interactive video and high speed Internet applications.
This press release contains forward-looking statements. Such statements
involve various risks that may cause actual results to differ materially
from those expressed in such forward looking statements. These risks and
uncertainties include, but are not limited to: market demand for the
Company's products, successful implementation of the Company's products,
competitive factors, the ability to manage the Company's growth and the
ability to recruit additional personnel and other risks detailed from
time to time in the Company's filings with the Securities and Exchange
Commission, including but not limited to, those described under the
caption ''Description of Business - Risk Factors'' in the Company's
Annual Report on Form 10-K for the fiscal year ended December 31, 1997. |
