good morning all ... what a slow treacherous road this has been for TLSI and for it's stock watchers.
This appears to be a turning point for the company ...
Thursday August 5, 8:03 am Eastern Time
Company Press Release
SOURCE: Telesciences, Inc.
Telesciences Wins Contract to Provide Mediation Solution to Telergy; Sale to Major Competitive Local Exchange Carrier Valued at $500,000
MOUNT LAUREL, N.J., Aug. 5 /PRNewswire/ -- Telesciences, Inc. (Nasdaq: TLSI - news) today announced that it has signed a definitive contract with Telergy, a major US competitive local exchange carrier (CLEC). The sale of Telesciences' fully distributed mediation system has an estimated value of $500,000 with provisions for additional revenue, under the terms of this contract, as Telergy's call volumes grow.
Commenting on the sale, Andrew Maunder, President and CEO of Telesciences, stated, ''We are very pleased to welcome Telergy as a new customer and to serve them not only with our latest mediation system, but also with professional services designed to tailor our solution to their needs. Telergy has exciting plans for growth and for offering a wide range of services.
We look forward to supporting that growth with product developments and custom engineering services that contribute a significant source of competitive advantage for them.''
Maunder continued, ''As the roster of our CLEC customers continues to grow, we see important changes driven by the competitive marketplace. Progressive, growth-oriented carriers like Telergy view mediation systems as important up- front investments. Serving the CLEC market also represents a significant opportunity for us to expand the professional engineering services segment of our business that targets our systems to carriers' current infrastructure and their particular business models.
Our ability to respond quickly to their needs -- regardless of the configuration of their network or the complexity of their billing,
customer care, marketing or revenue assurance systems -- helps make Telesciences their vendor of choice.
Pat Barrett, President of Telergy, stated, ''At Telergy we believe in the strategic importance of back-office operations support
systems. We see many benefits from having a state-of-the-art billing mediation system. It will help ensure complete and
accurate collection of revenue from the services we provide at the same time that it manages and distributes an expanding flow
of critical network usage information to fraud management and other applications. We also chose Telesciences' system because
it has the power and flexibility to select and deliver information for customer profiling, intercarrier settlements and other
advanced applications in the near future.''
Barrett continued, ''We looked to Telesciences because we needed a state-of-the-art billing mediation system from a company
with a long history of experience with large, established carriers. They demonstrated an ability and willingness to work with us
to tailor their system and ensure that it is fully integrated into our infrastructure. Ongoing support of our growth is very important
to us and Telesciences is a vendor we know we can grow with.''
Serving telecommunications and information service providers worldwide for 30 years, Telesciences, Inc. is an ISO 9001
Certified company. Telesciences is recognized as a leader in the provision of real-time billing data collection and processing,
fraud management and traffic management systems. Additional information on Telesciences can be found on its home page at
telesciences.com.
Founded and headquartered in Syracuse, New York, Telergy is building a state-of-the-art fiber optic network throughout the
Northeastern US with connections to the Canadian market. The firm is building its network largely along the rights of way of
electric and gas utilities. Telergy markets a full range of local, long distance and data services, and also bundles energy services
with its communications products. More information about Telergy can be obtained from their home page at
telergy.net.
This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the
impact of competitive products and pricing, the volatility of international markets, product demand and market acceptance, new
product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in
operating results and other risks detailed from time to time in the Company's filings with the Securities and Exchange
Commission. |
