Here is one that keeps growing and growing....
T S TELECOM LTD.
Alberta Stock Exchange: TOM
TORONTO, June 25 /CNW/ - T S Telecom is pleased to announce that its
wholly owned subsidiary, T S International Co. Ltd. (''TSI'') has signed a two
part contract to supply its power monitoring systems (''Powercom'') to the
Shanghai Telephone Office. The first part of the contract covers central
offices or telephone exchanges in the Western, Southern and Central regions of
Shanghai as well as new central offices situated in the Pudong district. The
second part of the contract covers central offices in the Eastern and Northern
regions of Shanghai, as well as new telephone exchanges in the Puxi region.
The total value of the contract is approximately U.S. $4 million, and shipment
is scheduled to commence in mid July 1998.
Shanghai is the leading and largest local telephone bureau in the
People's Republic of China. This contract, together with Powercom contracts
for the Pudong and Puxi regions signed in fiscal 1997, places T S Telecom as
the largest supplier of power monitoring systems to China's telecom market. In
the important Shanghai market, we are the only supplier of power monitoring
equipment for the telecommunications sector.
TSI's Powercom systems are used for monitoring and control of various
types of power equipment employed by telecommunication companies, and includes
DC and AC Distribution Panels, Rectifiers, Central Air Conditioners, Standby
Generators and Valve Regulated Lead Acid Batteries.
T S Telecom together with its subsidiaries is a value added distributor,
manufacturer and systems integrator of specialized telecommunications
equipment in China, including Hong Kong. The Company's focus is to assist
telecommunication providers to ensure trouble free and continuous operations
of their networks. The Company offers a range of products including advanced
maintenance and monitoring systems, and digital access equipment for
telecommunication and related networks. It is the exclusive and/or preferred
agent and distributor in Hong Kong and China for a number of U.S., European
and Asian manufacturers of technology based products including Sparton
Technologies Inc. and Walsin Lihwa. It is also engaged in the development and
production of its own Cable Pressurization Systems and it is expanding into
telephone line security monitoring systems for the telecommunications market
in China. T S Telecom, through its wholly owned Hong Kong subsidiary T S
International Co., Ltd., also has a 30% interest in a manufacturing joint
venture in Shanghai, with the remaining 70% owned by a subsidiary of The
Shanghai Telephone Bureau.
The Alberta Stock Exchange has neither approved nor disapproved
the information contained herein.
-30-
For further information: please contact Andrew Wong, Treasurer and Chief
Financial Officer of T S Telecom Ltd., at (905) 470-2282
|
