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Technology Stocks : Osicom(FIBR)

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To: Dennis G. who wrote (6801)5/16/1998 10:32:00 AM
From: Mama Bear  Read Replies (1) of 10479
 
Osicom Simplifies Printing for Banyan Users Beyond the Year 2000; NETPrint Elite Series Supports Banyan VINES 8.x and Easy Migration to Fast Ethernet

WALTHAM, Mass.--(BUSINESS WIRE)--May 15, 1998--Osicom Technologies, Inc. (NASDAQ:FIBR), today introduced a new series of print servers to support the current and anticipated printing needs of Banyan users. The new 10/100 Elite series of the company's NETPrint line supports Banyan VINES 8.x and is Year 2000-compliant. NETPrint 10/100 Elite products operate smoothly in a mixed environment and offer an easy migration to virtually any network environment.

"Banyan has always been a priority market for Osicom, so we are particularly sensitive to the needs of Banyan users," says Robert Freeman NETPrint product manager at Osicom. "Our Elite line offers users leading-edge network printing technology throughout the VINES or even a mixed environment. Furthermore, we've made sure that the products are easy to install and use, while simultaneously advancing our support offerings to ensure user satisfaction."

The Elite line delivers 10/100 Ethernet auto-sensing and 2-6MB of memory, which is sizeable enough to support future value-added features and upgrades. With the three new NETPrint Elite products - the NETPrint Pocket Elite, the NETPrint 500 Elite and the NETPrint 1000 Elite - Osicom now offers nine Ethernet print server products that are Year 2000 compliant.

Based on Osicom's NET+ARM NCC network connectivity chip, NETPrint 500 Elite and 1000 Elite products support Banyan VINES 8.x, StreetTalk for NT, TCP/IP, Novell's IPX/SPX, AppleTalk, Windows NT, Windows 95, and UNIX environments.

Osicom print servers feature top rated web-based management and support. The products also offer Peer-to-peer IP and IPX-based printing with device discovery, which lowers network traffic and simplifies configuration and usage. The company offers the best warranty in the industry - 6 years with a 60-day return policy and overnight product replacements.

Pricing and Availability

The world's first 10/100 pocket-sized print server, the NETPrint Pocket lists at $559 for the Elite version; NETPrint 500 Elite connects one printer to a single parallel port and lists for $569; and the NETPrint 1000 Elite connects up to three printers, has two parallel and one serial port and lists for $699. The NETPrint Elite series is available now through major distributors including, Ingram Micro, Merisel, and Tech Data, Value Added Resellers (VARs), and catalogs. Osicom is at booth #216 during the ENS show.

About Osicom

Osicom Technologies is a leading provider of integrated networking and bandwidth aggregation solutions for enhancing the performance of existing data and telecommunications networks. The Company combines expertise across multiple disciplines to offer fiber transport, remote access, virtual private networking, video switching and transport, and network systems-on-silicon to carrier and enterprise customers. The Company brings value to its customers by offering end-to-end, single vendor solutions as an integrated set. Osicom's offerings feature open architectures, offer complete scalability and fully support industry standards. The Company's flagship products are the GigaMux family of Dense Wavelength Division Multiplexers (DWDM) for short-haul Metro applications, the NET+ARM system-on-silicon for network connectivity, and the IQX-200 family of scaleable Remote Access Servers.

For additional company, product or financial information, visit the Osicom website, www.osicom.com, or call toll free 888-OSICOM8. For calls originating outside the United States, call 301-317-7710. -0-

Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the company's ability to develop, produce, and market products that incorporate new technology on a timely basis, that are priced competitively and achieve significant market acceptance; higher expenses associated with the development and marketing of new products; changes in product mix; risks of dependence on third-party component suppliers; inventory risks due to shifts in market demand; the presence of competitors with broader product lines and greater financial resources; intellectual property rights and litigation; needs for liquidity; and the other risks detailed from time to time in the company's reports filed with the Securities and Exchange Commission.

--30--cd/bos

CONTACT:

Osicom Technologies, Inc.

Robert Freeman, 781/647-1234 x4500

rfreeman@wal.osicom.com

OR

Boston Communications Worldwide

Bill Perkins, 617/912-1100

bperkins@bcww.com
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