This one is worth posting.
Thursday August 10, 12:31 pm Eastern Time
Press Release
Interspeed Receives $100 Million Product Commitment From Intelligent
Public Network
IPN And Compaq-Led Consortium Is Using Interspeed's Advanced DSL Access Routers To Create Multi-City IP Network In
Australia
NORTH ANDOVER, Mass.--(BUSINESS WIRE)--Aug. 10, 2000-- Interspeed, Inc. (Nasdaq:ISPD - news) announced today a five-year, $100-million
agreement with Intelligent Public Network (IPN), an Australian network services developer, for Interspeed digital subscriber line (DSL) access routers to be used in
a national network now being built in Australia and for resale within the region.
Two weeks ago, Interspeed disclosed that more than 100 of its EdgeSpeed(TM) 1000 DSL access routers and related third-party equipment, valued at more than
$6.5 million, is now being deployed by IPN in three Australian cities to provide high-speed Internet access, voice-over-IP, on-line back-up and a variety of
e-commerce services for a small-to-medium (SME) business market that numbers about 250,000 companies in Australia.
Today's announcement coincides with a statement by IPN in Australia that it is finalizing agreements with Compaq Computer Australia Pty. Ltd. and Compaq
Financial Services (Australia) Pty. Ltd., through which Compaq is expected to provide systems integration and support services for IPN's growing base of
networking customers, as well as multi-million dollar financing facilities to facilitate technical development, equipment purchase and managed IT solutions packaging
by IPN.
These agreements are expected to enable IPN to accelerate development of its National Symmetrical Digital Subscriber Line (SDSL) network to serve the
high-speed Internet needs of SME business users throughout Australia. Interspeed's EdgeSpeed 1000 access routers are core elements of that network. The access
routers enable Internet traffic to flow across conventional copper telephone wires at speeds more than 50 times faster than is generally available to small firms in
Australia today.
``This is a landmark event in the DSL marketplace. It vaults Australia into global leadership in applying DSL as a core component of a next-generation network. It
validates the importance - as well as the hard work -- of building coalitions in which a number of providers join together, each doing what it does best, to create new
networking solutions. In this case, the team includes IPN, Compaq, Cabletron Systems and an Australian network service provider, as well as Interspeed. And it
further documents the increasing attractiveness of symmetrical DSL as a market-leading technology,'' Art Goodwin, senior vice president of worldwide sales for
Interspeed, commented.
``We want to be first-to-market with the most attractive IP networking offer for small- to mid-size firms. The speed features, pricing and cost-of-ownership
advantages of Interspeed DSL access routers help make that possible. We look forward to a long and mutually successful partnership with Interspeed,'' Stephen
Snowden, managing director of Melbourne-based IPN, stated.
Initial EdgeSpeed 1000 DSL access routers will be co-located in the network service provider's points-of-presence (POPs) in each city. Intelligent Public Network
is supplying the advanced IP-based application services. Compaq is providing back-end infrastructure equipment, consulting, installation, system and site integration
and maintenance support as well as financing. Cabletron Systems is providing network interconnect equipment.
Interspeed's ``single-box'' solution integrates IP functionality that is scalable from a single subscriber to thousands in one access router. The EdgeSpeed 1000 is
specifically engineered for high-density networks, where DSL service offerings are delivered to large numbers of subscribers. It is ideal for competitive local
exchange carriers (CLECs), independent Telcos, ISPs and Building-centric Service providers (BSPs) seeking flexible solutions for both central office (CO) and
high-density multi-tenant unit (MTU) building deployments.
About Intelligent Public Network
Intelligent Public Network, headquartered in Melbourne, is a developer of advanced networking solutions as well as a supplier of numerous packaged solutions for
the small-to-medium business IT user in Australia. From its base of information technology consultancy and service expertise, IPN offers customized IT solutions
across a wide range of applications. IPN is principally focused on helping SME customers take advantage of the emerging era of advanced network computing. For
more information about IPN, visit its website at: www.ipn.com.au
About Interspeed Inc.
Interspeed (http://www.interspeed.com/) designs, develops and markets advanced high-speed data communications solutions based on symmetric digital subscriber
line technology. Interspeed offers the industry's only single platform system that integrates the principal components required for DSL service, including signal
concentration, routing, switching and network management.
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. Thus, actual results may differ materially. Additional information concerning these
risks is contained in the ``Risk Factors'' section of Interspeed, Inc.'s Quarterly Report on Form 10-Q for the quarter ended June 30, 2000 filed with the Securities
and Exchange Commission on August 7, 2000.
Contact:
Interspeed, Inc. The Strayton Group
Ken Osowski Rob Strayton
978-688-6164 508-655-6965
kosowski@interspeed.com rob@strayton.com
or
IPN |
