OPTC - Paragon Audio Visual Launch of Low-cost PC MultiBalun Extends Financial Services Market Reach
Phase One of First Contract Tops $200,000
GAITHERSBURG, Md., Aug. 30 /PRNewswire/ -- Optelecom, Inc. (Nasdaq: OPTC - news) - Paragon Audio Visual Ltd.'s proven balun capabilities are more affordable than ever before with the release of its PC MultiBalun a new low-cost, high- performance balun system. PC MultiBalun is particularly suited to banking operations and financial center trading floor applications. The cost- effective PC MultiBalun supports the distribution of standard PC VGA video, keyboard, mouse, stereo audio and RS-232 communication between the PC station and its peripheral devices. The PC MultiBalun enables PC system units to be located remotely from user desks with connectivity over standard Category 5 structured cabling networks.
''Initial sales of PC MultiBalun indicate that our Paragon unit accurately anticipated and tapped into an unmet need in the financial services market,'' said Edmund Ludwig, Optelecom president and CEO. ''The first significant order comes from systems integrator Eta Beta, for 150 four-screen stations, slated for installation in a leading commercial bank in Milan, Italy. Phase one of the contract is valued in excess of $200,000.''
''With the introduction PC MultiBalun, the first offering of an important new product family, we have further solidified our position as a leader in this market. We plan to continue aggressively developing innovative and pertinent products as demand grows for industry access to business multimedia services,'' stated Mike Weight, Managing Director of Paragon.
Paragon equipment provides communication solutions to business customers for video, voice, and data services using twisted-pair copper wire structured cabling commonly installed for telephone and data communication. |
