Orckit Wins ADSL Tender in Western Europe
June 30, 1997 8:36 AM EDT
Tel Aviv, Israel, June 30, 1997 -- Orckit Communications Ltd. (Nasdaq: ORCTF), a leading provider of Digital Subscriber Line systems and modems, today announced shipment of ADSL systems to a large western European telecom operator for deployment in one of the first and largest European Internet access trials, following Orckit's success in a tender. The trial will include 400 end-users.
Orckit President Izhak Tamir said the Company prevailed over its competitors in the tender because its FastInternet DSLAM System provides the "most advanced and complete access solution available today." Mr. Tamir added: "ADSL trials are becoming an essential building block of the strategic plans of the leading telecom operators and service providers, which are trying to better position themselves for the competition that is expected to follow deregulation in 1998."
The operator, for competitive reasons, has postponed the official announcement of the project.
Orckit's FastInternet system combines Rate Adaptive 8 Mbps ADSL modems, line concentration, maximum security provisions and traffic control in an end-to-end system that meets telecom operators' need to deploy high bandwidth services over their existing copper wire infrastructure.
Mr. Tamir said, several of the 400 end-users in the Internet access trial are already connected at 8 Mbps. Orckit's ADSL units will be spread among four central offices of the capital city of the telecom operator. Orckit has partnered with a leading local telecommunications company for delivery of an Orckit FastInternet system with 400 ADSL ports.
ADSL, the acronym for Asymmetric Digital Subscriber Line, is a transmission technique that allows multi-megabit data transfer on regular telephone wires.
Orckit Communications develops, manufactures and markets a wide range of high-speed local loop communications systems, including HDSL (High Bit Rate Digital Subscriber Line), ADSL (Asymmetric Digital Subscriber Line), SDSL (Symmetric Digital Subscriber Line) and VDSL (Very High Bit Rate Digital Subscriber Line). Orckit is an active participant in many standards bodies concerning ADSL. Dan Arazi, Executive VP Marketing and Sales, is on the Board of Directors of the ADSL Forum, and Nigel Cole, VP New Business Development, is the Chair of the Technical Committees of the ADSL Forum. Orckit is also a strategic partner of Fujitsu Network Communications in North America. For more information about Orckit or its xDSL technologies, interested parties can visit the company's web site at orckit.com.
(Certain matters discussed in this news release are forward-looking statements that involve a number of risks and uncertainties including, but not limited to, risks in product development plans and schedules, rapid technological change, changes and delays in product approval and introduction, customer acceptance of new products, the impact of competitive products and pricing, market acceptance, the lengthy sales cycle, proprietary rights of the Company and its competitors, risk of operations in Israel, government regulation, dependence on third parties to manufacture products, general economic conditions and other risk factors detailed in the Company's United States Securities and Exchange Commission filings.) SOURCE Orckit Communications Ltd.
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