Sprint Names RELTEC Prime Vendor in Thirty-Month Contract for Next Generation Digital Loop Carrier and Fiber-to-the Curb Deployment
Thursday October 8, 6:22 pm Eastern Time
Company Press Release
CLEVELAND--(BUSINESS WIRE)--Oct. 8, 1998--RELTEC Corporation (NYSE:RLT - news) today announced that they have been designated as the ''Prime Vendor'' in a thirty-month contract award for deployment of Next Generation Digital Loop Carrier and Fiber-to-the-Curb (FTTC) products in the Sprint Local Telecommunications Division network. The contract extends RELTEC's major product position with Sprint. RELTEC products covered by the award include its DISC*S(R) Next Generation Digital Loop Carrier (NGDLC) full-service broadband access platform and Fiber-to-the-Curb systems. Other terms of the contract were not disclosed.
The DISC*S Fiber-to-the-Curb system is the telecommunications industry's most widely deployed FTTC technology. By year-end 1998, RELTEC expects to have approximately one million lines of FTTC capacity in commercial deployment. A key element of RELTEC Deep Fiber Solutions for service providers is that DISC*S provides integrated voice, video and high-speed data services from a single platform. In addition to fiber distribution applications, the DISC*S platform also offers advanced copper solutions including digital subscriber line (DSL) features that enable high-speed transmission over conventional copper lines as well as conventional narrowband.
Dudley P. Sheffler, RELTEC President and Chief Executive Officer, said, ''This important contract award builds on an already strong relationship with Sprint which has been an important part of our success. The extension of our technology into even more advanced access technologies and capabilities will, we believe, strengthen the Sprint local exchange strategy in a broadband world.''
RELTEC is a leader in the design, manufacture and sale of a broad range of telecommunications systems, products and services. Its Access Systems, Integrated Wireless Solutions and Network Components and Services are sold to wireline and wireless service providers and OEMs around the globe. RELTEC operates manufacturing plants in North America, Europe, Asia/Pacific and Latin America with over 5,900 employees worldwide. Additional information is available on the Company's website at www.relteccorp.com.
Note to Editors: There is an asterisk between ''DISC'' and ''S'' throughout the release. This symbol may not appear properly in some systems.
The statements contained in this press release that are not historical facts are to be considered forward-looking statements. These forward-looking statements involve many risks and uncertainties, including but not limited to, rapid technological change, the importance of new products, uncertain markets for the Company's systems and products, unpredictable sales cycles, competition, a changing regulatory environment, customer concentration and numerous other risks which have been set forth in documents filed by the Company with the Securities and Exchange Commission. The Company advises the reader of these statements that actual results or conditions may differ materially from those set forth herein.
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Contact:
RELTEC Corp.
Scott Fine, 440/460-3728
fines@rct.relteccorp.com
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