Divicom competitor, Cube Customer.....................
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NUKO Information Systems renews credit line
SAN JOSE, Calif.--(BUSINESS WIRE)--June 13, 1997--NUKO Information Systems Inc. (NASDAQ:NUKO) today announced the renewal of its one-year, $6 million credit facility with Silicon Valley Bank.
NUKO's president and CEO, Bob Kondamoori, said, ``We are pleased to continue our credit relationship with Silicon Valley Bank. The bank has tremendous experience with early stage high technology companies, and consequently understands our financing requirements very well. Their continuing financial support and counsel are valuable resources that will be most helpful as we continue to progress through our development stages.''
NUKO Information Systems Inc., headquartered in San Jose, is a provider of technology which enables the end-to-end networking of broadcast quality video. NUKO's Intelligent Broadband Service Network (IBSN) solution uses open-systems, standards-based MPEG-2 methodology. These products enable users to digitally encode, compress, transmit, decode and store video signals for a complete range of applications including distance learning, tele-medicine, broadcasting, conferencing, entertainment and authoring. |
