This seems like big news yet the stock price has yawned in what seems like tax loss selling.
biz.yahoo.com
Press Release Source: Carrier Access Corporation
Carrier Access Signs Distribution Agreement with Fujitsu to Provide Integrated IP Voice and Data Solutions
Monday December 23, 6:00 pm ET
Partnership Positions Carrier Access to be a Key Player in the Delivery of IP Services in Southeast Asia
BOULDER, Colo.--(BUSINESS WIRE)--Dec. 23, 2002-- Carrier Access Corporation (Nasdaq:CACS - News), a manufacturer of broadband communications equipment, announced today that it has entered into an International Reseller agreement with Singapore-based Fujitsu Asia Pte. Ltd., one of the foremost international providers of comprehensive integrated IT, telecommunications and networking solutions.
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Fujitsu Asia is a wholly owned subsidiary of Tokyo-based Fujitsu Limited (TSE:6702 - News), a leader in Internet-focused IT solutions for the global marketplace.
The agreement allows Fujitsu to utilize the Adit® 600 Customer Media Gateway (CMG) Platform in delivering enhanced voice over IP (VoIP) services at customer premises. This highly flexible, scalable and reliable solution converges traditional circuit-switched services with new IP Centrex network and enterprise voice services for both small and large enterprises.
"This is a smart move for Carrier Access," said Ron Westfall, Principal Analyst, Broadband Infrastructure, with Current Analysis. "There's a growing interest in the Asia-Pacific rim with generating new services and revenues using IP technology. The scalability and modularity of the Adit 600 makes it a well-suited and elegant solution for those carriers wanting to offer IP capabilities while future proofing their networks."
"Our partnership with Carrier Access and the addition of the innovative, carrier-class services available with the Adit 600 are of strategic importance to our customers and our company. Using Carrier Access Products, we can now offer customers the most reliable and the widest array of both traditional and enhanced packet-based services available today," says Chng Teo-Hye, chairman and co-CEO of Fujitsu Asia. "We are committed to providing our customers best-of-breed services by partnering with industry leaders; our partnership with Carrier Access underscores this commitment. We believe that strong partnerships are key to our overall success, particularly our international expansion."
"The Adit 600 CMG platform defines a new level of functionality for carriers of all types," said Roger Koenig, CEO of Carrier Access. "This extremely compact, highly integrated platform serves today's needs and provides a seamless and a cost-effective path to tomorrow's next-generation services. By teaming with Fujitsu, one of the world's leading telecommunications solutions providers, the Adit 600 is positioned to become a key player in the delivery of IP services internationally."
The Adit 600 Multi-service Delivery Platform is a scalable broadband service delivery solution for converged voice, IP, and data services that provides a variety of revenue-generating opportunities. Deployed with the Customer Media Gateway (CMG) Service Card, the Adit 600 decreases the capital and operational costs of service delivery while increasing service revenue by providing a seamless migration path for the delivery of softswitch-based VoIP services over a converged physical transport.
Fujitsu Asia is a major business and engineering hub for the Fujitsu telecommunications switching business in the Asia-Pacific region. Fujitsu's Fetex-150 central office switching system is one of the most popular systems being deployed by major public telephone operators in the region. Fujitsu Asia has established a large software R&D center specializing in developing features for Fetex-150 switching system and other voice, data and mobile solutions. Fujitsu Asia is also a major IP Network Integrator offering best-of-breed products and services to customers in the region. Converged voice and data network solutions that are available include IP telephony, multi-modal conferencing, unified messaging, and voice recognition systems.
About Carrier Access Corporation
Founded in 1992, Carrier Access manufactures broadband communications equipment that enables telecommunications companies to accelerate service revenue, lower operating costs and extend capital budgets. The company focuses on three segments of telecommunications: wireless infrastructure, enterprise service delivery, and fiber access. Its products have delivered more than 2.5 million voice and data lines for customers and meet the industry's highest reliability and broadband interoperability standards, including Telcordia(TM) TIRKS/OSMINE, NEBS Level 3 and ISO 9001. For more information, visit www.carrieraccess.com.
About Fujitsu Asia Pte. Ltd.
Fujitsu Asia Pte. Ltd. was established in Singapore in 1997 to provide leadership in business development, technology innovation and customer support as regional headquarters for the Fujitsu group of companies in Asia outside of Japan. Built on Fujitsu's three decades of experience in Singapore and the broader Asian region and with a pool of highly skilled engineering talent, Fujitsu Asia is dedicated to providing comprehensive integrated IT, telecommunications and networking solutions. Fujitsu Asia delivers tangible business value and enables customers to meet the challenges of the new global economy. Fujitsu Asia is a wholly owned subsidiary of Tokyo-based Fujitsu Limited (TSE:6702 - News), a leader in Internet-focused IT solutions for the global marketplace. For more information on Fujitsu Asia, see: sg.fujitsu.com.
Forward-Looking Statement Caution
Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including changing customer requirements, the broadband access market growth, and the effects of technological advances and competition. For a discussion of additional factors that may cause results to differ, see Carrier Acess' SEC reports. These forward-looking statements speak only as of the date hereof. Carrier Access disclaims any intent or obligation to update these forward-looking statements.
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Contact:
Carrier Access Corporation
Mark Nixon, 303/218-5656
mnixon@carrieraccess.com
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Source: Carrier Access Corporation |
