RADN--RADNW) Radyne ComStream Reports $740,000 Contract for Internet-Over-Satellite System in Southeast Asia
BUSINESS WIRE - March 27, 2000 15:25
PHOENIX, Mar 27, 2000 (BUSINESS WIRE) --
"Distance Learning Over the Internet" project being built for Southeast Asian Country
Project in line with company's strategic direction
Radyne ComStream (NASDAQ SC:RADN)(Warrants: RADNW) Monday announced an initial contract to supply the satellite communications systems in support of a Southeast Asian government's "Distance Learning Over the Internet" project. The network will employ Radyne ComStream's Internet-over-Satellite technology.
Radyne ComStream is providing a turnkey, end-to-end solution for the project that will provide Internet access to a large number of schools and universities in this Southeast Asian country. The company reports the value of the initial contract to be in excess of $740,000. It is believed that there will be additional follow on contracts.
In announcing the contract, Bob Fitting, Radyne ComStream's president and chief executive officer, said, "This project continues to validate our stated strategy to support the Internet-over-Satellite market. Satellite infrastructure is the most cost-effective way for many countries to connect to the Internet. We expect to see a trend of continued expansion in this market."
About Radyne ComStream
Radyne ComStream designs, manufactures, and markets satellite Internet infrastructure equipment as well as satellite broadband modems, multicasting receivers, converters and ancillary products for digital TV, data and telephone service.
The company has offices in the United States located in Phoenix, San Diego and Boca Raton and internationally in Singapore, Beijing, Jakarta and London.
For more information, contact Radyne ComStream Inc. 3138 East Elwood St., Phoenix, AZ 85034, USA. TEL: 602/437-9620, FAX: 602/437-4811; e-mail: info@radynecomstream.com; or visit our web site at www.radynecomstream.com.
This press release contains forward-looking statements about the company's expectations regarding future business relationships and expansion of the "Internet-over-Satellite" market. There can be no assurance that the business relationships will continue beyond the current project or that there will be an expansion of any markets. |
