ACT Networks Receives $1.1 Million Order From India
CAMARILLO, Calif.--(BUSINESS WIRE)--Dec. 31, 1997--ACT Networks, Inc. (NASDAQ:ANET - news) today
announced that it has received a purchase order for $1.1 million from India Telephone Industries.
The order is for ACT's SDM-T time division multiplexer and will be used by the Department of Telecommunications (DOT) of
India for its rural telephony project.
The DOT is making a significant investment to connect the large number of cities in India with populations of more than
500,000, which have intra-city telephone communications but no direct link to the national and international telephone
networks.
Since 1994, DOT has been using ACT's SDM-T over SCPC satellite circuits to provide trunking between the cities' central
offices and the central offices of the national PSTN. To date, over 300 cities have been connected, and this order will bring an
additional 120 cities on-line. This order will be fulfilled in stages over the next six months.
''We are excited about the Indian government's commitment to rural communications,'' stated Martin Shum, Chairman,
President and CEO of ACT Networks. ''The deployment of this network will enable millions of Indians to join the national and
international telephone systems. ACT is very pleased to be part of this landmark project for DOT.''
ACT Networks, Inc. develops, manufactures, and markets fast packet wide area network access products which support a
broad range of voice, data and integrated network applications. The Company is focused on three strategic markets: enterprise
networks (ACTnet(TM) and NetPerformer(TM)), satellite networks (SkyFrame(TM)) and carrier networks
(ServiceXchange(TM) and DynaStar(TM)).
ACT Networks is also the architect of Unified Access Architecture (UAA), a network system implementation. End users and
service providers worldwide use the Company's products to build cost-effective, bandwidth efficient, easy-to-manage wide
area networks (WANs). The Company's products incorporate advanced voice and data compression algorithms, switching
capabilities and proprietary integration technologies.
This press release may contain forward-looking statements regarding future events and future financial performance of the
Company. These statements are only predictions and actual events or results may differ materially as a result of a number of
factors including, without limitation, the factors discussed in the Company's last Reports on Forms 10-K and 10-Q under
''Risk Factors'' and the risks associated with the possibility that the market for the Company's products will not continue to
develop or that the Company's products and capabilities will not address emerging market needs; the effect of increased
competition; changing technologies, product obsolescence and new product developments; the loss of significant customers; the
Company's ability to effectively integrate acquisitions; the Company's ability to manage its growth; international sales, tariff and
regulatory matters; reliance on third party suppliers and on resellers for distributing its products; and the Company's ability to
retain key personnel and to adequately protect its proprietary technology.
Contact:
ACT Networks Inc.
Martin Shum, 805/388-2474
Melvin L. Flowers, 805/388-2474
or
Morgen-Walke Associates
Chris Danne or Jeannine Lewan, 415/296-7383
Sandra Badurina, 212/850-5600
Josh Passman, 212/850-5698
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