Thursday June 11, 8:21 am Eastern Time
Company Press Release
Axiom Awarded $3.0 Million Contract by Telikom Papua New Guinea
MT. LAUREL, N.J.--(BUSINESS WIRE)--June 11, 1998--Axiom Inc. (Nasdaq: AXIM - news), today announced that it has signed a contract with Telikom
Papua New Guinea for a Sterling Solution billing data mediation system for approximately $3.0 million. $1.5 million of this amount is expected to be recognized as
revenue in the quarter ending June 30, 1998. Secured payment is included as part of the terms of the contract.
Commenting on the contract, Axiom Chairman, President and CEO, Andrew Maunder stated, ''This sale represents an important new customer and validates
Axiom's continued initiatives in the Asia Pacific region despite the recent economic slowdown there. We are pleased that Telikom Papua New Guinea's vision for
the future recognizes the importance of acquiring a mediation system independent of any particular billing or switching system.''
''Telecommunications is essential to continued economic development in the Asia Pacific region, and we believe that this region will be an important market for
Axiom now and into the future''.
Dr. Mua, Board Director for Telikom Papua New Guinea stated, ''We selected Axiom because of their technology, the robust architecture of their products, and
their approach to billing mediation. They were able to offer us an integrated solution because of their specialization in mediation. Axiom also showed us successful
implementation of their systems by taking us to other carriers who use Axiom's products in the region.''
The contract is for more than 25 Sterling Data Servers, a Sterling Host Collector and a Sterling Manager for central management of the entire Sterling Solution. The
contract also includes several Specialized Processing Modules (SPMs) for validating, correlating, and repairing the call detail records (CDRs) collected by the
system, as well as ongoing support and maintenance.
Serving telecommunications and information service providers worldwide for 30 years, Axiom Inc. is an ISO 9001 Certified company. Axiom is a leading provider
of real-time billing data collection and processing, fraud management and traffic management systems. Additional information on Axiom can be found on its home
page at axiomav.com.
This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and
pricing, the volatility of international markets, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of
raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the Company's filings with the Securities and
Exchange Commission.
|
