Friday March 24, 9:05 am Eastern Time
Company Press Release
SOURCE: Interspeed, Inc.
Interspeed Announces $5 Million Contract With Darwin Networks
Integrated Interspeed DART and Interspeed 500 Form Foundations of Leading Network and
High-Speed Internet Access Provider's DSL Rollout
NORTH ANDOVER, Mass., March 24 /PRNewswire/ -- Interspeed, Inc. (Nasdaq: ISPD - news), a leading provider of integrated, high-speed digital subscriber
line (DSL) access solutions for building-centric service providers, today announced a $5 million contract with Darwin Networks, a leading provider of network and
high-speed Internet access services nationwide. Under the terms of the 18-month contract, Darwin Networks will begin deploying the Interspeed DART and
Interspeed 500 solutions to the commercial real estate market. Both products are optimized for in-building applications, integrate the principal components required
for DSL service, and are scalable from 8 to 48 ports, thereby enabling Darwin Networks to increase the speed and flexibility of their customer deployments.
``We believe the benefits of Interspeed's integrated DSL Access Routers are unmistakable,' said Joel Coleman, President of Darwin Networks' Commercial
Division. ``During the time that Darwin Networks and Interspeed have worked together, our customers' responses have been very strong and very positive. We
anticipate this will be a great year for the expansion of site-based, DSL Internet services. Interspeed's deployment and engineering support should enable Darwin
Networks to expand its share of this growing market.'
``Since day one, the Multi-Tenant Unit (MTU) market has been a primary focus for Interspeed,' said Art Goodwin, Senior Vice President of World Wide Sales at
Interspeed. ``The Interspeed DART and Interspeed 500 solutions were built from the ground up to meet an in-building service provider's specific performance,
management and size requirements. Through Darwin Network's relationships with leading Real Estate Investment Trusts (REITs), Interspeed looks forward to the
successful rollout of DSL services in the MTU and other markets.'
About the Interspeed DART and Interspeed 500
Interspeed offers building-centric service providers two highly configurable DSL Access Routers - the Interspeed 500 and Interspeed DART. Both products include
complete DSL aggregation, Layer 2 switching, IP Routing, and VPN functions in a single device, thus eliminating the need for service providers to purchase these
components separately, which saves significant costs. The Interspeed DART is the industry's first complete, low-density DSL solution that enables service providers
to deliver high-speed Internet access and other advanced IP applications to the MTU market. The Interspeed 500 is designed for larger MTU building
environments. The two products are managed with Speedview(TM), a powerful set of administration and management functions that make installation as simple as
``plug and play.'
About Darwin Networks
Darwin Networks provides high-speed Internet access and network solutions to small and medium-sized businesses; office, flex, industrial, and retail properties;
apartment and condominium complexes; hotels and telephone companies; using wireless, wireline, and DSL technologies. Darwin Networks offers a full complement
of marketing and support services, including training, to assist business owners, property managers and their staffs in marketing and implementing the new services.
Darwin Networks has corporate offices in Louisville, KY; San Diego, CA; Seattle, WA and Walnut Creek, CA. Darwin Networks has agreements in place and in
progress to launch services in more than 400 locations in over 20 states. Darwin's investors include Broadband Solutions, LLC (led by Chrysalis Ventures, LLC),
Paul Allen's Vulcan Ventures, Richland Ventures, River Cities Capital and associates of Moore Capital. For more information about Darwin Networks, please visit
www.darwin.net.
About Interspeed
Interspeed designs, develops and markets advanced high-speed data communications solutions based on digital subscriber line (DSL) technology. Its products
enable data communication service providers, such as competitive local exchange carriers, Internet service providers, and owners of multi- tenant units, to utilize
existing copper wire infrastructures to deliver high- speed data access to their customers. Interspeed offers the industry's only single platform system that integrates
the principal components required to offer DSL service, including signal concentration, routing, switching and network management. Unlike traditional DSL products,
Interspeed's DSL access routers offer customers a highly scalable and flexible solution at a lower total cost of ownership. For more information about Interspeed,
please visit www.interspeed.com.
Note to Investors
This press release contains forward-looking statements that do not give full weight to all potential risks, but relate to Interspeed's plans, objectives and expectations,
which are dependent upon a number of factors outside of Interspeed's control including, but not limited to, market acceptance of DSL, the availability of competing
products and technology and technological advances by competitor's with greater resources. Thus, actual results may differ materially. Additional information
concerning these and other risks is contained in the ``Risk Factors' section of Interspeed, Inc.'s Quarterly Report on Form 10-Q for the quarter ended December
31, 1999 filed with the Securities and Exchange Commission on February 14, 2000.
All trademarks are the property of their respective owners.
SOURCE: Interspeed, Inc. |
