IRSN..nice News.. Sweet. looks like the Super router is attracting attentions
iNetWorks Announces Equity Partnership With BBN Technologies
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COSTA MESA, Calif., Feb. 15 /PRNewswire/ -- iNetWorks(TM) Corporation, a
subsidiary of Irvine Sensors Corporation (Nasdaq: IRSN; Boston: ISC), today
announced the addition of BBN Technologies, a subsidiary of Verizon
Communications (NYSE: VZ), as an equity partner in the pursuit of the next
generation high speed Internet router. BBN Technologies has been working
under contract on the development of the iNetWorks' SuperRouter(TM) since
May 2000.
BBN Technologies has, for over 50 years, performed world-leading research
and product development in high performance networking and other technical
areas. From developing the forerunner of today's Internet to recently
developing one of the fastest routers in the world, BBN scientists and
engineers continue to pioneer innovations in a wide range of industries.
Mel R. Brashears, Chairman and Chief Executive Officer of iNetWorks,
noted, "We are all very pleased that BBN Technologies is a part of our
exciting pursuit of our SuperRouter entry into the Terabit router market.
This segment of the market is growing in excess of 50% per year and is
projected to continue at that rate over the next five years. BBN brings a
wealth of experience to these efforts."
iNetWorks is developing a telecommunications router product for potential
introduction in 2002 that combines Irvine Sensor's patented 3-dimensional (3D)
chip-stacking and interconnect structures with superconducting electronics,
providing 100 times the throughput of what is available today. iNetWorks is
presently co-located with its parent, Irvine Sensors Corporation, in Costa
Mesa, California.
Irvine Sensors Corporation, headquartered in Costa Mesa, California, is
primarily engaged in the development of high density electronics,
MicroElectroMechanical sensors (MEMS) and readout circuits, miniature cameras,
electro-optical and optical switches, image processing devices and software,
electronic image stabilization, wireless infrared communications products, and
low-power analog and mixed-signal integrated circuits for diverse systems
applications. It primarily seeks to commercialize its technologies through
independently financed and managed subsidiaries.
Except for historical information contained herein, the matters set forth
in this news release are forward-looking statements that are dependent on
risks and uncertainties including such factors, among others, as the market
risks associated with new products, the impact of competitive technologies and
the pace at which new markets develop. Further information on Irvine Sensors
Corporation and its subsidiaries, including, iNetWorks Corporation, is
contained in publicly-filed disclosures available through the SEC's EDGAR
database (www.sec.gov) or from the Company's Investor Relations.
SOURCE iNetWorks Corporation
-0- 02/15/2001
/CONTACT: Lynn O'Mara of Irvine Sensors Corporation, 714-444-8718,
lomara@irvine-sensors.com/
/Web site: irvine-sensors.com
(IRSN VZ)
CO: Irvine Sensors Corporation; iNetWorks Corporation; BBN Technologies;
Verizon Communications
ST: California
IN: CPR MLM TLS OTC
SU: JVN
LP-JH
-- LATH042 --
6008 02/15/2001 06:01 EST prnewswire.com |
