(Applies to: SXC ELAS)
Six Continents Hotels Selects Elastic Networks' EtherLoop Technology as
Broadband Infrastructure Standard for Hotel Properties
Innovative technology to underpin broadband services over existing
telephone wiring in as many as half a million hotel rooms
ATLANTA, Aug 28, 2001 (BUSINESS WIRE) -- Six Continents Hotels announced today
that it has selected Elastic Networks' (NASDAQ: ELAS) EtherLoop(TM) technology
as its standard for deployment of IP-based multi-media services to its hotel and
resort properties.
Under the agreement, service providers offering broadband services to Six
Continents Hotels will be strongly recommended to utilize Elastic Networks'
products and technology to enable service.
Elastic Networks' patented EtherLoop technology enables the delivery of
high-speed Internet, broadcast video, video-on-demand and other IP-based
multi-media services over existing copper phone lines. Properties will be
equipped to offer their guests these services in addition to the traditional
dial tone services provided by the hotel telephone systems.
"Our decision required a focus on reliable delivery of quality service and ease
of installation while leveraging the existing copper infrastructure in our hotel
properties. We considered several technologies, including Ethernet over VDSL,
xDSL, and HPNA. EtherLoop was the clear choice. It has worked wonderfully in all
previous deployments at Six Continents properties, including locations where
other technologies failed," said Gustaaf Schrils, vice president of Americas
information technology for Six Continents Hotels.
"We are pleased to have been selected by Six Continents Hotels as its technology
for the deployment of broadband services over twisted pair in their hotel and
resort properties," said Guy Gill, president and CEO of Elastic Networks. "Six
Continents Hotels is the premier hotelier providing guest services across the
globe. As their broadband technology supplier, Elastic Networks will be enabling
top-quality high-speed services for some of the world's most sophisticated
business and vacation travelers."
"We see robust growth in broadband deployment in hotel properties over the next
four years," states Amy Helland, industry analyst for Cahners In-Stat Group.
"This type of service has become an expected amenity for business travelers in
particular, and Six Continents Hotels has selected a technology that offers the
important benefit of delivering broadband to their guests with minimal
disruption to the properties' existing telecommunications infrastructure."
About Six Continents Hotels
Six Continents(SM) Hotels, the hotel business of Six Continents PLC of the
United Kingdom Hotels [LON:SXC, NYSE:SXC (ADRs)], owns, operates or franchises
more than 3,200 hotels and 510,000 guest rooms in nearly 100 countries and
territories.
The following are some of the service marks owned by Six Continents Hotels,
Inc., its parent, subsidiaries or affiliates: Holiday Inn(R), Crowne Plaza(R),
Holiday Inn Express(R) in the Americas, Express by Holiday Inn(SM) in Europe,
the Middle East and Africa, Holiday Inn Select(R), Holiday Inn Garden Court(SM),
Holiday Inn SunSpree(R) Resort, Staybridge Suites(R) by Holiday Inn(R), Holiday
Inn Family Suites(SM) Resort , Holidex(R), Priority Club(R),
Inter-Continental(R) and Forum(R). Centra(R) in Canada and Mexico; Centra(SM) in
the U.S.; Parkroyal(SM) in the U.S. and Canada; Parkroyal(R) in Mexico.
Six Continents Club(R), Six Continents(SM) , 6 Continents(SM) and the 6C logo
are service marks of Six Continents PLC and used under license.
Six Continents Hotels, Inc. offers information and reservations capability on
the Internet - www.6c.com, www.interconti.com for Inter-Continental Hotels and
Resorts, www.crowneplaza.com for Crowne Plaza Hotels and Resorts,
www.holiday-inn.com for Holiday Inn hotels, www.hiexpress.com for Holiday Inn
Express hotels, www.staybridge.com for Staybridge Suites by Holiday Inn, and
www.priorityclub.com.
For the latest news from Six Continents Hotels, visit our online Press Office at
pressoffice.sixcontinentshotels.com.
About Elastic Networks Inc.
Elastic Networks is a broadband leader in first-mile Ethernet access solutions,
deploying its patented EtherLoop technology across a variety of products and
high-speed multi-media applications. With the introduction of the Storm
System(TM) family of intelligent IP-over-Ethernet products, Elastic Networks has
successfully addressed the needs of the carrier, enterprise, MDU/MTU and
hospitality markets for high-speed first-mile access solutions that deliver top
quality service to end users while eliminating costly deployment and complicated
support issues for service providers. Additionally, Elastic Networks is building
strategic relationships with distributor, chip manufacturing and data networking
partners.
The company has offices in Alpharetta, GA, and Hong Kong. For more information
about Elastic Networks and its patented EtherLoop technology and products, visit
www.elastic.com or contact Elastic's U.S. headquarters in Alpharetta, Georgia at
678-297-3100. For investor information, e-mail our Investor Relations group at
irinfo@elastic.com, or call 678-297-3100.
Elastic Networks forward looking statements
Certain of the statements contained in this release are forward-looking
statements (rather than historical facts) that are subject to risks and
uncertainties that could cause actual results to differ materially from those
described. With respect to such forward-looking statements, the Company seeks
the protections afforded by the Private Securities Litigation Reform Act of
1995. These risks include, without limitation, (1) that the Company may fail to
be competitive with existing and new competitors, (2) that the Company may not
maintain or grow its level of revenues, given its currently limited customer
base, (3) that the Company's limited number of product offerings may fail to
achieve widespread market acceptance, (4) that negative changes in customer
demands and requirements regarding our prices, technology and products may
occur, (5) that DSL technology may fail to achieve widespread market
penetration, (6) that interruptions or disruptions in our product shipments
and/or our various arrangements with our distributors, manufacturers or
resellers may negatively impact our ability to make sales and/or minimize our
costs, (7) that the Company may not adequately respond to technological and
regulatory developments impacting the telecommunications industry, (8) that
needed financing may not be available to the Company if and as needed, (9) that
a decline in the size and potential growth of the MTU, carrier and international
markets for our technology may occur, (10) that a significant reversal in the
trend toward increased usage of the Internet may occur, (11) that a drastic,
negative change in the U.S. economy or market conditions may occur, and (12)
that some other unforeseen difficulties may occur from time to time. This list
is intended to identify certain of the principal factors that could cause actual
results to differ materially from those described in the forward-looking
statements included elsewhere herein. These factors are not intended to
represent a complete list of all risks and uncertainties inherent in the
Company's business, and should be read in conjunction with the more detailed
cautionary statements included elsewhere in the Company's most recent filings
with the SEC.
CONTACT: Elastic Networks
David Schmitt, 678/297-3114
dschmitt@elastic.com
or
Six Continents Hotels
Autumn Murray
autumn.murray@6c.com
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