Here's some public relations info on AMUT. (BTW: yes, I own the stock, but I am not interested in hyping it. I stumbled across the products a few days ago, liked what I saw, and bought some stock. I would, however, like some opinions on what people think this stock might do in the future.)
Public Relations from the Company follows:
American Multiplexer Corporation (stock symbol: AMUT, although the company refers to itself as "AMC") is an emerging company that develops capacity-enhancing telecommunications equipment. Founded in January 1997, AMC was created through the acquisition of Temasek Telephone Company. Temasek had been developing and marketing advanced telecommunications products since 1991.
The company's headquarters are located in South San Francisco, California. AMC also operates a wholly owned subsidiary, AMC Malaysia, located in Kuala Lumpur, and AMC (Pte Ltd) in Singapore, which are involved in research and development of advanced telecommunications equipment.
AMC's strength lies in its research and development. With the expertise of 20 engineers working with reputable consultants, AMC is able to develop sophisticated telecommunications products to serve the needs of the ever-growing digital industry. The company seeks to commercialize its technology to a world-wide customer base. Specifically, AMC is targeting developed countries in Europe and the United States, as well as developing countries in Asia, the Pacific Rim, Central and South America, and Africa.
The Products
AMC produces DigiCopT, a unique adaptive data/voice splitter technology that transforms existing copper telecommunications lines into digital/analog subscriber lines. The company also manufactures the MUX-6 multiplexer, which sends six separate telephone lines from a single pair of twisted copper wire.
The Market for DigiCop
The appetite for high-speed, data communications bandwidth is constantly increasing. Data traffic is growing rapidly and will continue to expand due to the Internet, Web browsing, digital telephony and the explosive growth of personal computers. Martiz Marketing Research Inc. of St. Louis says that 42 percent of Americans now own computers and 65 percent of those have Internet access. To date, there are more than 700 million phone lines worldwide, most of which will attempt to carry digital data in a network that is primarily analog.
The Market for MUX-6
By providing a six-fold increase in existing telecommunications infrastructures, the MUX-6 is a cost-effective, easily implemented alternative to the installation of new telephone lines. This is an ideal solution for developed countries seeking to expand their existing overburdened systems, as well as developing nations in need of quickly building entirely new infrastructures.
Customers
While AMC is a relative newcomer to the telecommunications industry, its leading multiplexer technology has attracted an impressive list of domestic and international customers. The largest single customer is Shenzhen Zhaohou Industrial Development Company which is owned by the Chinese government. On April 10, 1997, AMC signed a $30 million contract for delivery of MUX-6 multiplexers. The product began shipping to China in February 1998. AMC believes that China also provides a substantial market opportunity for its DigiCopT product.
The following is a partial list of current customers for AMC's MUX-6:
Domestic Customers
Alltel Pennsylvania, Inc. Canton, PA
Armstrong Tel Co. Harrisville, WVA
Boca Valley Telephone Des Moines, NM
Consolidated Telephone Dickinson, MD
Detroit Edison Detroit, MI
Falcon Communications Molden, MO
Frontier Communications Canton, PA
Mar-Cue Telephone Ramer, AL
W. Tennessee Tel Co Bradford, TN
International Customers
Eastern Telecom Manila, Philippines
Panabiz Lagos, Nigeria
Shenzhen Zhoahou Industrial
Development Co. People's Republic of China
Sisex Equador
State Oil Surinam Surinam, South America
Telesur Surinam Surinam, South America
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