Sure hope we don't lose the gte/ba contracts.
gw
TEL AVIV, Israel, April 2 /PRNewswire/ -- Orckit Communications, Ltd.
(NASDAQ:ORCTF) announced today that its ADSL-based equiptment has been
selected by a company for a large-scale deployment.
ADSL (asymmetric digital subscriber line) is a modem technology that
enables simultaneous high speed data transmission and voice service over
existing telephone lines. Orckit is a leading provider of ADSL products which
are currently being utilized in several European and American field trials.
Orckit Communications is a leading company in the field of Digital
Subscriber Line, "DSL," solutions, which enable telephone companies and
Internet Service Providers to optimize the bandwith utilization of the "last
mile" of copper wire in the Local Loop. Orckit possesses both core silicon
expertise and a wide range of DSL products including its FastInternet(TM)
DSLAM System with ADSL and SDSL, and its CopperTrunk(R) HDSL and VDSL product
lines. Orckit has strategic silicon alliances with Harris Semiconductor,
Fujitsu Microelectronics and Rockwell Semiconductor Systems, and alliances
with telecom equiptment providers Fujitsu Network Communications, SAGEM and
Siemens' Public Communication Network Group. For more information about
Orckit and its DSL solutions, visit Orckit'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. |
