STERLING, Va.--(BUSINESS WIRE)--April 11, 1997--
Renewal of Agreement for second year covers use of FastComm FRADs
in various applications by Diebold, Incorporated
FastComm Communications Corp. announced today that Diebold,
Incorporated, has renewed its resale agreement with FastComm for
Frame Relay Access Devices (FRADs). Diebold will continue to provide
and maintain the FastComm products through its North American Sales
and Service organization. The FRADs have been optimized for use with
Diebold's automated teller machines (ATMs) and cash dispensers.
Diebold also offers the FastComm products for corporate and branch
office network applications.
Use of the FastComm products allows Diebold to offer higher value
solutions to its current and new customers, such as replacing leased
line and analog networks for ATMs with high speed digital
connectivity; providing cost savings and higher performance.
"I'm very pleased to announce this contract renewal," stated Peter
Madsen, FastComm President. "Diebold is a leader in supplying
financial transaction solutions to the marketplace, and we're pleased
to be working with them to support both their existing and new
customers!"
Diebold, Incorporated (NYSE:DBD), headquartered in Canton, Ohio, is
a global leader in providing card-based transaction systems, security
and service solutions to the financial, education, and healthcare
industries. Founded in 1859, the company develops, manufactures,
sells and services automated teller machines, campus systems, smart
card systems, electronic and physical security equipment, automated
medication dispensing systems, software and integrated systems
solutions.
FastComm Communications Corp. (FSCX, NASDAQ) designs, manufactures,
and sells access products for public and private digital networks.
Its products include Packet and Frame Relay concentrators, Voice and
Data FRADs, and WEB.router(TM) Internet access routers; T-1/E-1
Asynchronous Transfer Mode network access equipment; Frame Relay line
testers to speed installations; leased line and Switched 56 CSU/DSUs;
SuperView(TM) data switches for managing multiple remote async devices;
and a family of high speed data compressors.
For more information, or to request a data sheet of any FastComm
product, phone 703-318-7750; fax to 703-787-4625; Email to
info@fastcomm.com; or visit FastComm on the World Wide Web at
fastcomm.com
Forward looking statements are made in this release pursuant to the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. Investors are cautioned that all forward looking
statements are subject to risks and uncertainties, including, without
limitation, the timing of new announcements or introductions by the
Company and its competitors, the hiring and retention of key
employees, competitive pricing pressures, dependence on third party
for components and products, and general economic conditions in the
United States and international markets and the risk factors detailed
from time to time in the Company's periodic reports and registration
statements filed with the Securities and Exchange Commission.
FastComm, stylized logo, WEB.router, and SuperView are trademarks of
FastComm Communications Corp.
All rights reserved.
All other trademarks are property of their respective owners. |
