ANY THOUGHTS ON FIBR :Osicom Becomes a Leading Supplier to Samsung in Korea
BusinessWire, Wednesday, September 24, 1997 at 12:31
SANTA MONICA, Calif.--(BUSINESS WIRE)--Sept. 24, 1997--
Samsung's Information & Telecommunications Division and
Osicom Technologies Announce New Distribution Agreement
Osicom Technologies, Inc. (NASDAQ:FIBR), today announced a new
distribution agreement with Samsung's Information & Telecommunications
Division, the largest corporation in Korea. Through this agreement,
Osicom becomes one of Samsung's leading suppliers of high-end
networking products for distribution throughout Korea. Samsung will
now distribute Osicom's broad range of products including LAN/WAN
networking products, RF products and high-end broadband products.
Samsung's immediate focus is to offer a complete remote access
solution featuring Osicom's new IQX-200 Remote Access Server, and
ROUTERmate and NetHopper product families. In addition, Samsung will
market Osicom's GigaMux (Dense Wavelength Division Multiplexer) for
fiber backbone applications. Armed with Osicom's GigaMux and IQX-200,
Samsung will target Korea Telecom and numerous Korean government
agencies.
"We chose Osicom as our primary supplier of networking products
because they are a proven networking leader," said Mr. I. H. Lee,
director of Samsung's Information & Telecommunications Division.
"Osicom's products complement our current offering of networking
products. This agreement allows Samsung to supply new high-quality
products in the marketplace today and position the Osicom brand for
substantial growth in 1998."
"This agreement expands Osicom's current product offerings within
the Korean market," said John Hwang, Osicom's president of
international sales. "By working with Samsung, Osicom gains greater
access to Korea's fast growing marketplace and continues to increase
its global presence in the networking industry."
About Samsung Corporation - Information & Telecommunications Division
Samsung's Information & Telecommunication Division, with revenues
of over $500 million, is the international division of the Samsung
Group supplying the Korean marketplace with high-end networking needs
including communication, networking, satellite and Internet equipment.
The Division is headquartered in Seoul, Korea. Parent company Samsung
Corporation , established in 1938 has current revenues for 1996 at
$38.6 billion (US), overall the Samsung Group has revenues of
approximately $100 billion.
About Osicom Technologies, Inc.:
Osicom is an innovative leader in wireless-enabled networking.
The company allows businesses to connect through wire-line, fiber and
wireless technologies, thereby expanding the reach of conventional
networking. Osicom offers wireless-enabled solutions for LAN, WAN and
broadband networks with products that include hubs and switches,
routers, remote access servers, network print servers, PC and
workstation adapter cards, video switches and multiplexers. Osicom
markets and sells its products and services through a broad array of
channels including world-wide distributors, Value Added Resellers,
OEMs, carriers, and government agencies. The company has over 1000
employees worldwide and is headquartered in Santa Monica, California.
Information about Osicom's products and services is available by
calling toll-free 888-OSICOM8. For additional company, product and
financial information visit the Osicom World Wide Web site,
osicom.com
Except for the historical information contained herein, the
matters discussed in this news release are forward-looking statements
that involve risks and uncertainties. The forward-looking statements
in this release are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Actual results may
differ materially due to a variety of factors, including without
limitation the company's ability to develop, produce, and market
products that incorporate new technology on a timely basis, that are
priced competitively and achieve significant market acceptance; higher
expenses associated with the development and marketing of new
products; changes in product mix; risks of dependence on third-party
component suppliers; inventory risks due to shifts in market demand;
the presence of competitors with broader product lines and greater
financial resources; intellectual property rights and litigation;
needs for liquidity; and the other risks detailed from time to time in
the company's reports filed with the Securities and Exchange
Commission.
ROUTERmate is a trademark of Osicom Technologies, Inc. Other
brands and product names are trademarks of their respective owners.
CONTACT: Constantine Theodoropulos/ James True
Kim Bergen VP Marketing
Public Relations Osicom Technologies, Inc.
Boston Communications 800.359.7710
617.912.1100 jtrue@osicom.com
ctheo@bcomm.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS
TELECOMMUNICATIONS
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Companies or Securities discussed in this article:
SymbolNameNASDAQ:FIBROsicom Technologies Inc |
