CYH November 13, 1996 News Release
Compression Encryption Technologies Inc. (CYH ASE)
November 13, 1996
"Compression Signs OEM Agreement With Paradyne Corp. "
Compression Communications Corp. (CCC), a wholly owned subsidiary of Compression & Encryption Technologies Inc. has recently signed an Original Equipment Manufacturing (OEM) Agreement with Paradyne Corporation, Largo Florida. The agreement has CCC committed to incorporate CCC WARP IV technology into the Paradyne 9028 Data Compression Unit, the latest addition to the Paradyne 9000 series of Frame Relay Access products.
The agreement allows frame relay customers to access CCC products and technology through the Paradyne sales, distribution and support system under the Paradyne label. Future technology licensing and manufacturing opportunities are incorporated into the agreement.
"The CCC agreement is an example of the new, energized Paradyne commitment to rapidly deploying customer solutions with industry- leading products and technology, in the high-growth frame relay market" said Tom Epley, CEO Paradyne.
"Compression's commitment to product development over the last five years has resulted in the development of mature networking products. To be successful in the data communications industry, state-of-the-art products and technologies must be sold and supported state-of-the-art organizations," stated Bob David, Chairman of Compression & Encryption Technologies Inc., CCC's parent company. "Paradyne is ideally positioned to expertise demanded by network managers. The complimentary nature of the CCC and Paradyne product lines bodes well to make this a very successful OEM relationship."
The Paradyne 9028, based on the CCC WARP IV technology, adds Frame Relay Payload Compression support for central frame relay sites to the Paradyne 9000 family. Frame relay central sites typically require high access speeds with multiple virtual circuits to achieve the degree of connectivity demanded by the enterprise network. Network managers can reduce the telecommunications costs of these networks by utilizing the Bandwidth Optimization features of the products made available through this agreement.
Headquartered in Largo, Florida, Paradyne is a leading developer and provider of products and technologies that allow high speed access to networks worldwide for communications, computing, information and entertainment. Paradyne is a former subsidiary of AT&T Corp and Lucent Technologies Inc.
Compression Communications Corp./Compression & Encryption Technologies Inc. provides a family of data link optimization products that deliver, on average, four times the throughput normally available on existing data links, with simultaneous encryption. CYH trades on the Alberta Stock Exchange (ASE). Corporate and product information about CYH/CCC products is available on the Internet's World Wide Web at compression.com.
TEL: (403) 463-5310 Randy Pointkoski FAX: (403) 465-2113 randy@compression.com |
