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Technology Stocks : Triton Network Systems, Inc. (TNSI)

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To: Peter.Messersmith who started this subject7/17/2000 12:21:19 AM
From: iod_sherwood   of 40
 
The IEEE 802.16 Working Group on Broadband Wireless Access Standards
grouper.ieee.org

TRITON NETWORK SYSTEMS INC.
Orlando, Fla.

www.triton-network.com

Triton provides fixed wireless broadband technology and products that cover the 38 GHz local multipoint distribution services markets. A strategic relationship with Lockheed Martin Electronics and Missiles has been instrumental to the early success of the barely 3-year-old company. Triton is entitled to exclusive commercial use of Lockheed's monolithic millimeter wave integrated circuit component, enabling fixed wireless service that is faster than wireline and cheaper than fiber-optic cable. The service has been branded "Invisible Fiber Internet" and works at a speed of 100 megabits per second. Fast and affordable are tenets of Triton's commercial agenda, and the company plans on signing small to medium-sized businesses onto the plan.

Also innovative is a pricing plan similar to wireless: Pay a monthly fee and receive a set number of minutes; exceed that and pay a nominal fee for additional time spent online.

Triton has received a $40 million vote of confidence in its plan from a handful of venture capitalists. Also key is the Financial Times' choice of Triton's Invisible Fiber as a Global Telecoms Award finalist in the "Most Innovative Fixed Product" category.

I don't subscribe to Newsbytes.com but...

Your query "triton network systems" matched 2 documents out of 43949.
2 documents displayed. 0.77 San Jose Says Hello To 100 Mbps Wireless Internet
08-24-99
Summary: San Jose Says Hello To 100 Mbps Wireless Internet 08/24/99 SAN JOSE, CALIFORNIA, U.S.A., 1999 AUG 24 (NB) -- By Sylvia Dennis, Newsbytes. As well as wireless connections, ART also plans to offer wireless drops into selected major buildings, allowing firm… (By Sylvia Dennis, Newsbytes.) (ONLINE, TELECOM) (17464 KB)
0.80 100Mbps Internet Access For In Silicon Valley
06-10-99
Summary: 100Mbps Internet Access For In Silicon Valley 06/10/99 ORLANDO, FLORIDA, U.S.A., 1999 JUN 10 (NB) -- By Sylvia Dennis, Newsbytes. Triton Network Systems (TNS) has taken the wraps off an "affordable" 100 megabits per second (Mbps) wireless Internet techno… (By Sylvia Dennis, Newsbytes.) (TELECOM, BUSINESS) (17694 KB)

Triton: Missiles Over Broadband

By Monica Alleven

NEW YORK--Using a diagram that resembled a child's connect-the-dots exercise, Triton Network Systems President and CEO Brian Andrew explained his company's technology--one first tested in Operation Desert Storm.

It's a concept so simple that even long-time technologists like himself smack themselves on the head when they hear it. Yet the stakes are high: Triton spent more than $25 million to develop its first Invisible Wave product, and it will spend a lot more selling itself. Last week, a reassuring payoff arrived when Advanced Radio Telecom Corp. said it would use Triton's products to commercially launch super-fast broadband Internet access service in San Jose, Calif., next month and, presumably, in other ART markets. Now Triton just needs to persuade a few dozen other broadband players to join its game.

What differentiates Triton from other equipment suppliers is the company's technology. Forget point-to-point and point-to-multipoint technologies, Andrew said. Unlike those systems, Triton uses a point-to-point-to-point system, deploying radios back-to-back on each building in a way that makes each radio the transmission medium to and from the next, not unlike a "connect-the-dots" exercise.

The technology evolved from a strategic relationship with Lockheed Martin Electronics and Missiles that allows Triton to use Lockheed's--here's a mouthful--monolithic millimeter wave integrated circuit component, module and system design technology. In short, Triton, based in Orlando, Fla., is using missile technology to deliver big bandwidth to commercial buildings. In ART's case, the network involves Ethernet routing and switching products from Cisco Systems.

Some venture capitalists have taken notice, including the same ones that invested in ART. Silicon Valley firms, including Oak Investment Partners and Worldview Technology Partners, put more than $45 million toward Triton's development. The company's second round of financing last year garnered more than $26 million, the fifth-largest nationwide for 1998. The rapidly growing company, which expects to make an initial public offering early next year, is embarking on another $60 million round and expects to employ up to 200 people by year's end.

There is a down side. Triton's potential in the competitive local exchange market is huge, but some local multipoint distribution services licensees have been slow to embrace its technology. Large, more mature companies such as WinStar Communications Inc. and Teligent Corp. have their sights on point-to-point or point-to-multipoint systems as opposed to Triton's point-to-point-to-point architecture. Competi- tors, such as P-Com Inc. and other millimeter wave radio suppliers, can't be ignored.

Risky? You bet, especially when many Wall Streeters are looking for LMDS carriers to finally institute more economical point-to-multipoint technology. Still, Triton is determined to leave its mark, saying it will supply its products for either voice or Internet services at competitive prices. "This system will do it," Andrew promised.

Whether it's consumed by a larger player in today's acquisition-hungry industry or survives to conduct that IPO next year, Triton could connect the dots straight to its bank.

TRITON NETWORK SYSTEMS SUPPLIES LMDS OC3 RADIOS TO CENTURYTEL
Triton Network Systems, a start-up based in Orlando, Florida, was awarded a three-year contract to supply its LMDS-based, OC-3 radios to CenturyTel Inc. The equipment enable CenturyTel to build a wireless SONET OC-3 ring consecutive point network to complement its existing fiber backbone in Michigan and to reach customers who are currently unable to connect to the network. A key feature of the Triton platform is the ability to deploy 155 Mbps SONET ring OC-3 capacity utilizing only a single 50 MHz channel. Triton has raised more than $45 million in venture funding from Oak Investment Partners, Worldview Technology Partners, Telesoft Partners, Advent International, Bessemer Ventures, Adams Capital Management and Chase Ventures. triton-network.com
Triton Networks, December 17, 1999
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