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Technology Stocks : Orckit (ORCT)

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To: savolainen who wrote (891)1/26/1998 3:24:00 PM
From: MangoBoy  Read Replies (1) of 1998
 
[Orckit Demonstrates Splitterless ADSL Technology]

*** S: note that ORCTF is at ComNet. ***

Industry Working Group to Accelerate Availability of High Speed Internet Access

FOLSOM, Calif., Jan. 26 /PRNewswire/ -- Orckit Communications Ltd. (NASDAQ:ORCTF), announced today its participation in the Universal Asymmetric Digital Subscriber Line (ADSL) Working Group led by Compaq, Intel, Microsoft and supporting companies, aimed at accelerating the availability of high speed Internet access via a modified version of ADSL.

The objective of the Working Group is to contribute towards the extension of the existing ANSI T1.413 Standard, via the ITU standardization process, to provide a fully interoperable splitterless ADSL solution. ADSL is a new modem technology that enables simultaneously high speed data transmission over existing telephone lines. Splitterless ADSL simplifies the customer end installation and wiring process.

"We are uniquely positioned to support this industry effort," said Izhak Tamir, Orckit's President. "Having already developed three generations of DMT ADSL modem technology based on the T1.413 Standard, and as the first company in the world to solve the ISDN splitter problem, we are now able to bring unique expertise to this initiative. Orckit will contribute to the Working Group's efforts towards finalizing requirements and contributing material to the ITU G.Lite standards process."

Orckit will demonstrate its splitterless ADSL modem, jointly with North American development partner Fujitsu Network Communications, at ComNet in Washington D.C. Jan 27-29, in booth No. 760.

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 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.

SOURCE Orckit Communications Ltd.
-0- 01/26/98
/CONTACT: Nigel Cole, VP Business Development of Orckit Communications, 916-351-5600; or U.S. Public Relations: Bob Gold of Bob Gold & Associates, 310-784-1080; or U.S. Investor Relations: Katerina Charalambous of Anne McBride Co., 212-983-1702; or European Public Relations: Charlotte Gutman, CGP, 32-2-375-2100/
/Web site: orckit.com
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