Tony & Intel Investors - From the following press Release, it sounds like Intel is getting ready to INTRODUCE an ADSL piece of hardware.
Intel has licensed Aware's technology for use in its future DSL product offerings. Under the agreement, Aware will provide Intel with both full-rate ADSL and G.Lite technology.
The full press release follows.
Paul
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biz.yahoo.com
Wednesday October 20, 9:11 pm Eastern Time
Company Press Release
Aware, Inc. Announces DSL Development and Licensing Agreement With Intel
BEDFORD, Mass.--(BUSINESS WIRE)--Oct. 20, 1999--Aware, Inc (NASDAQ:AWRE - news) today announced that it has entered into an agreement under which Intel has licensed Aware's technology for use in its future DSL product offerings. Under the agreement, Aware will provide Intel with both full-rate ADSL and G.Lite technology. The terms of the agreement were not disclosed.
Over the last year, deployments of DSL services by telephone companies have grown at a rapid pace. DSL enables high-speed Internet access over the existing telephone network and, with a worldwide market of over 700 million phone lines, promises to be a significant technology for enabling residential broadband access.
''Aware shares Intel's goal of providing customers with high-performance solutions for their demanding applications,'' said Greg Lang, vice president and general manager of Intel's Network Interface Division. ''This agreement supports Intel's goal to be the premier building block supplier to the Internet economy.''
''Aware's DSL technology combined with Intel's world-class products will provide comprehensive solutions to the broadband residential market segment. We are pleased to be working with Intel to develop dual-mode full-rate and G.Lite solutions for the rapidly growing DSL industry. We believe that Intel's commitment will further increase the market's growth rate, bringing the vision of ubiquitous broadband access closer to reality,'' said Michael A. Tzannes, president and chief executive officer of Aware, Inc.
About Aware
Aware, Inc. designs, develops, licenses and markets DSL technology that enables broadband communications over existing telephone networks. Its solutions, including splitterless G.Lite and full-rate ADSL, address central office as well consumer electronics requirements. The company licenses its intellectual property and software to semiconductor manufacturers and equipment manufacturers who sell products incorporating Aware's technology. Aware also markets to systems companies to encourage them to design its technology into their products, and to service providers to encourage them to deploy new broadband services based on its technology. More information about Aware can be found at aware.com.
Note to Investors:
This press release contains certain statements of a forward-looking nature relating to future events or the future financial performance of Intel and Aware. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include the risks described in various SEC filings that Intel and Aware, Inc. have made on its Forms S-1, 10-K, and 10-Q, which factors are incorporated herein by reference.
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Contact:
Aware, Inc. Marenghi & Associates
Kristin Griffin Deirdre G. Snyder
781/687-0500 781/239-0057
kgriffin@aware.com dgsnyder@marenghi.com
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More Quotes and News: Aware Inc (NasdaqNM:AWRE - news)
Related News Categories: computers, internet, publishing, software, telecom
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