For Immediate Release
Contact:
David Matthews
Springbok Technologies for Triton Network Systems
(972) 480-9458 ext. 157
dmatthews@springbok.com
Mark Gildersleeve
Triton Network Systems
(407) 903-0940
mgildersleeve@triton-network.com
Triton Network Systems Signs Sales and Marketing Agreement With Samsung Corporation
- Triton Network Systems' broadband radios to aid Samsung in meeting South Korea's Internet demand -
ORLANDO, Fla. - August 21, 2000 - Triton Network Systems™, Inc. (NASDAQ:TNSI), a leading provider of broadband fixed wireless network products, today announced a sales and marketing agreement with Samsung Corp. to market Triton Network Systems' Invisible Fiber® family of broadband wireless products in South Korea. This agreement marks a significant achievement in Triton Network Systems' goal to be the premier provider of broadband fixed wireless equipment in the Asian market.
Among Asian countries, South Korea has experienced the most explosive growth in Internet users. It is estimated that close to one-third of South Korea's population is online. Triton Network Systems' unique architecture allows Samsung to quickly and cost effectively deploy the fixed wireless 100 Mbps Invisible Fiber Internet products in consecutive point networks, therefore increasing Samsung's capability to meet increasing demands for broadband capacity.
"South Korea's history of early adoption of new technologies, coupled with dense metropolitan centers, makes it an ideal place for Triton Network Systems to do business," said Skip Speaks, president and chief executive officer of Triton Network Systems. "Having an opportunity to work with Samsung Corporation will continue to enhance our regional presence."
"We made a smart business decision when we decided to partner with Triton Network Systems because their level of technology makes the Internet faster and access more affordable," said Chung Kwang-Hun, director of Samsung Corporation's information and systems business division. "Wireless broadband access is important to South Korea's development, so we needed to partner with the provider of the most reliable, most economical technology available."
About Samsung Corporation
Samsung Corporation has dedicated itself to global business since 1938. We lead Korea's overseas trading activities and now have four major business groups: Trading, Construction, Housing Development, and Internet. With the advent of the Internet we have become a leading Internet business with the largest electronic shopping mall (www.samsungmall.com) in Korea and a sophisticated cyber trading system, Merchant Intelligence System, for import and export of goods.
The IT (Information and Telecommunication) Division at Samsung Corporation has played a leading role in maximizing synergy by integrating various hardware, software and network products taking advantage of core competencies of general trading company, mobilization, information and financial capability. As a result, the IT Division is in the process of expanding its business areas into hardware, software, network product and optical storage media beyond electronics consumer products. For more information on Samsung Corporation, please visit our Web site at www.samsung.com.
About Triton Network Systems
Triton Network Systems™, Inc. is a provider of broadband fixed wireless network products. The company's Invisible Fiber® high bandwidth broadband wireless network product line covers the 38 GHz, Local Multipoint Distribution Service (LMDS) and Local Multipoint Communication Systems (LMCS) markets, with functionality designed to fiber optic specifications. Triton Network Systems' broadband fixed wireless Invisible Fiber SONET/SDH and Invisible Fiber Internet products are designed to be deployed in self-healing, route-diverse consecutive point networks, providing complete telephony, data and Internet network solutions. The company produces products that help make possible the success of broadband fixed wireless in the telephony and data marketplace, and enables the evolution of the Internet by delivering high-speed connections to businesses using and developing both e-commerce and up-and-coming applications for the Internet. Triton Network Systems is traded publicly on the NASDAQ under ticker symbol TNSI. For more information, visit the Web site at www.triton-network.com.
Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements involving risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. Potential risks and uncertainties include, but are not limited to, Triton Network Systems' historical and future losses, limited operating history, fluctuations in quarterly operating results and limited manufacturing experience. The company assumes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof. |
