Sergio,
We knew this was coming, but hey, what the heck thought Id post anyway...I liked the idea of FORE's purchase this week, even tho probably investors in FORE didnt..clrt does business with them too.
You never know.....>gg<
Sandra
Company Press Release
SOURCE: Celerity Systems, Inc.
Celerity Systems Announces Nortel (Northern
Telecom) Set Top Purchase
KNOXVILLE, Tenn., Aug. 28 /PRNewswire/ -- Celerity Systems, Inc. (Nasdaq: CLRT - news) announced today that Nortel
(Northern Telecom) (NYSE: NT - news; TSE: NTL - news) has purchased a limited quantity of Celerity's new T 6000 digital
set top boxes for evaluation in its laboratory, and for deployment in trials for its current customers during the fourth quarter of
1998 and early 1999. This selection follows a recent test of Celerity's products in Nortel's laboratories, in which the products
proved to be highly compatible.
''Nortel is an ideal company for us to work with,'' said Ken Van Meter, president and CEO of Celerity. ''They have a full
range of advanced network products that integrate smoothly with our own products, especially our T 6000 digital set top box,
and Nortel is one of the premier network companies in the world.''
''Our strategy in developing the T 6000 has been to go beyond the obvious video-on-demand and electronic commerce
opportunities, reaching into the Internet, energy management, security and health care monitoring, as well as integrating analog
and digital cable tuning to drive profitability,'' Van Meter added. ''Nortel understands and shares this strategy for its broadband
networks, which is why they have chosen the more robust technology in our T 6000 to ensure that, together, we are delivering
what the industry actually needs to derive the maximum revenues possible from interactive broadband deployments. Every home
represents a market opportunity, and the innovative companies will use these technologies to capture those markets.''
Celerity is a leading worldwide provider of interactive video hardware, software, and services, with fourteen deployments
around the world. Through strategic relationships with companies including Minerva and CEI, they also offer end-to-end
interactive systems, including services such as system integration, encoding, and digital authoring.
This press release contains forward-looking statements. Such statements involve various risks that may cause actual results to
differ materially from those expressed in such forward looking statements. These risks and uncertainties include, but are not
limited to: market demand for the Company's products, successful implementation of the Company's products, competitive
factors, the ability to manage the Company's growth and the ability to recruit additional personnel and other risks detailed from
time to time in the Company's filings with the Securities and Exchange Commission, including but not limited to, those described
under the caption ''Description of Business -- Risk Factors'' in the Company's Annual Report on Form 10-K for the fiscal year
ended December 31, 1997.
SOURCE: Celerity Systems, Inc.
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