ADVC news
NEW YORK--(BUSINESS WIRE)--July 31, 2000--The Chief Executive
Officer of Advanced Communications Technologies Inc. (OTC BB- "ADVC")
Roger May announced today that the company's Australian associate,
Advanced Communications Technologies (AUS) Pty Ltd., had been awarded
one of the largest research and development grants ever approved by
the Australian Federal Government's Industry Research and Development
Board (IR&D Board) to assist with the final development of the
revolutionary new wireless communication network technology called
SpectruCell.
The grant of almost AU$12 million (US$ 7million), was presented to
Roger May by Senator The Honorable Richard Alston, the Minister for
Communications and Information Technology for the Australian Federal
Government. The funds will be applied to completing the final
development of the first prototype of the SpectruCell unit, completing
a rigorous testing program, and gaining the necessary licenses before
the official product launching.
The IR&D Board, assisted in its role by AusIndustry, the
Commonwealth's business unit in the Department of Science Industry and
Resources, is made up of private sector and academic members with
experience in research and development and commercialization, and
seeks to increase the level and commercial success of industry
research and development undertaken in Australia.
AusIndustry, which is part of Commonwealth Department of Industry
Science and Resources, provides assistance to the Board and
administers the Research and Development Start program under which
this grant has been awarded and which seeks to increase the number of
research and development projects with high commercial potential.
SpectruCell, which certainly has high commercial potential, has
been in development by ACT at its Melbourne head office in conjunction
with RMIT University since 1998.
The SpectruCell unit is a next generation multiple protocol mobile
communications base station or cell that unlike existing networks is
designed with entirely new network architecture that will process and
transmit all communications protocols.(AMPS,CDMA, TDMA, GSM, W-CDMA,
UMTS, Mobile IP, Voice IP, 3G etc) as well as all of the new wireless
Internet applications and all within one network.
Roger May said he was very pleased that the Australian government
had approved the R&D grant as it was a very significant validation of
the SpectruCell technology, and would greatly assist ACT in bringing
SpectruCell to market early in 2001, and would be primary factor in
establishing ACT as a world leader in wireless communication
technology.
"We are obviously extremely grateful to the IR&D Board for this
grant, " he said. "It is an endorsement of the Government's commitment
to supporting young Australian companies with strong demonstrable
management skills that are seeking to develop leading edge products
with international market appeal.
"It is also a very strong endorsement from the Australian
government of the importance of the SpectruCell technology, and will
assist the team of committed young professional engineers we have put
together in ACT to realize their hard work, and for ACT to put a
product on the market which will have a world wide impact on the
telecommunications industry.
"I am pleased to say that this grant will also benefit RMIT
Innovation Ltd, the commercial research and development arm of RMIT
University, which has helped us considerably in our development work
to date and which will continue to work with us as we go forward. Many
of the engineers working on SpectruCell are graduates of the Computer
Systems Engineering Department at RMIT University."
Roger May said that discussions he had had in the last few weeks
in the United States suggested that SpectruCell would generate keen
interest from a wide range of customers and would help establish ACT
USA ("ADVC") as a key player in the US market.
"We intend to develop and manufacture SpectruCell using the
excellent skills of our Australian team, but will be conducting a
strong marketing program across USA and the world to insure the
product is fully recognized for its unique capabilities by as many
potential users as possible," he said.
ACT in Australia is certain the grant will help to insure the
commercial success of the SpectruCell technology, and is pleased that
the company has gained the recognition of the Government with its
internationally competitive product.
The Australian company Advanced Communications Technologies (AUS)
Pty Ltd is twenty percent (20%) owned by the US public company
Advanced Communications Technologies, Inc (OTC BB "ADVC").
The foregoing contains forward-looking information within the meaning
of The Private Securities Litigation Act of 1995. Such forward-looking
statements involve certain risks and uncertainties. The actual
results may differ materially from such forward-looking statements.
The company does not undertake to publicly update or revise its
forward-looking statements even if experience or future changes make
it clear that any projected results (expressed or implied) will not
be realized.
--30--dc/ny*
CONTACT: Advanced Communications Technologies
Roger May
CEO
Tel: 949.622.5566 or
Tel: 011.61.3.9672.8888
e-mail: roger@adcomtech.net |
