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Wednesday May 14 9:22 AM EDT
Company Press Release
Source: Network Connection, Inc.
The Network Connection Receives $10 Million - $13 Million Pact for AirView
ALPHARETTA, Ga., May 14 /PRNewswire/ -- The Network Connection, Inc. (Nasdaq:TNCX) (TNCX) announced today the receipt of a Letter of
Commitment, subject to a definitive agreement on schedule and certification requirements, valued at $10 million to $13 million to equip the fleet of aircraft and
manage content services for a to-be-named European commercial airline with AirView(R), its advanced in-flight entertainment (IFE) and cabin management
system (CMS).
The AirView system will be installed on ten (10) aircraft, beginning in late 1997. The AirView system will support fully digital personal interactive entertainment
and video/audio on demand, telephony integration and business services all simultaneously, independently and with full user control to each passenger seat, as well
as host flight crew and cabin management LAN application services at the same time.
``This program is of major significance in acceptance of AirView in the commercial aircraft marketplace for the advantages in delivering the highest quality of
service to airline passengers rather than only entertainment,'' said Wil Riner, TNCX Chairman and CEO. ``This marketplace demands the small size, low weight,
low power consumption and high performance network services that AirView delivers.
``We have made tremendous progress in our sales and marketing efforts in the last year,'' said Riner, ``and are currently in advanced discussions with other
commercial airline, train, cruise ship and hotel operators, and manufacturers which are now realizing the advanced features, superior performance and improved
quality of service our systems provide.''
TNCX designs, manufactures and distributes the Cheetah(R) family of video server platforms which enable the storage and delivery of up to 700 hours of digital
video/audio data to up to 300 simultaneous video/audio users over local area networks. Cheetah(R) servers are used to bring interactive, on- demand, full-motion
video training, education and entertainment to the networked client computers in the corporate, home, educational and train (TrainView(R)), hotel (InnView(R)),
aircraft (AirView(R)) and cruise ship (CruiseView(TM)) travel related entertainment and transport environments.
Statements in this press release that are not descriptions of historical facts may be forward-looking statements, as that term is defined in the Private Securities
Litigation Reform Act of 1995, that are subject to risks and uncertainties, including economic, competitive and technological factors affecting the Company's
operations, markets, products, services and prices, the failure to execute further definitive orders on favorable terms or at all for the program identified above, as
well as other specific factors discussed in the Company's filings with the Securities and Exchange Commission.
SOURCE: Network Connection, Inc.
More news for referenced ticker symbols: TNCX, and related industries: computer. |
