Tut Systems designs, develops and markets advanced communications products which enable high-speed data access over the
copper infrastructure of telephone companies, as well as the copper telephone wires in homes, businesses and other buildings.
These products incorporate Tut's proprietary FastCopper technology in a cost-effective, scalable and easy to deploy solution
to exploit the underutilized bandwidth of copper telephone wires. The Company's Expresso and XL products include high
bandwidth access multiplexers, associated modems and routers, Ethernet extension products and integrated network
management software. The Company's HomeRun technology, an in home application of FastCopper, has been adopted as the
first generation standard for home networking over copper telephone wires by the Home Phoneline Network Alliance ("Home
PNA"), whose founding members include 3Com Corporation ("3Com"), Advanced Micro Devices, Inc. ("AMD"), AT&T
Wireless Services, Inc. ("AT&T Wireless"), Compaq Computer Corporation ("Compaq"), Epigram Inc., International Business
Machines Corporation, Intel Corporation, Hewlett-Packard Company, Lucent Technologies Inc., Rockwell Semiconductor
Systems Inc. ("Rockwell") and Tut Systems. The Company's products and technologies cost-effectively meet high-speed
bandwidth requirements for a variety of users: . Large corporations, universities and other institutions use the Company's XL
products to extend Ethernet networks between separate buildings beyond conventional Ethernet distance and speed limitations.
. Independent telephone companies, Internet service providers and competitive local exchange carriers use the Company's
Expresso GS systems to provide high-speed data services, including Internet access, to business and residential customers over
existing copper telephone wires traditionally used for voice service. . Owners and operators of multiple dwelling units
("MDUs"), including real estate investment trusts ("REITs"), universities, hotels and independent landlords, can utilize the
Company's Expresso MDU systems to deliver high-speed data access to their tenants over existing copper telephone wires. .
Leading semiconductor, computer hardware and consumer electronics manufacturers, such as 3Com, AMD, AT&T Wireless,
Compaq and Rockwell, have licensed the Company's HomeRun technology to enable the development of
HomeRun-compatible integrated circuits and consumer products, including PCs, peripherals, modems (56 Kbps, ISDN,
xDSL, cable and wireless), Internet telephones and television-based web browsers. Tut Systems' objective is to be the leading
provider of advanced communications products for high-speed data access that exploit the large existing infrastructures of
copper telephone wires which lead into and reside within homes, businesses and other buildings. To achieve this objective, the
Company intends to: (i) penetrate high growth markets with the Company's Expresso GS and Expresso MDU products; (ii)
continue to develop innovative technology and systems enhancements using the Company's rapid product development
capabilities and FastCopper technology; (iii) leverage the Company's HomeRun technology and strategic partnerships in the
home networking market; (iv) participate in industry standards setting activities; and (v) expand the Company's international
presence. The Company shipped its first XL product in 1992, its first Expresso product in early 1997 and its first Expresso GS
in the second quarter of 1998. The Company expects to ship its Expresso MDU configured with HomeRun line cards in the |
