$6 million dollar contract for I-Bus division:
Subj: Maxwell Technologies Announces Agreement With ReadyCom...
Date: 10/14/98 7:33:26 PM Central Daylight Time
From: AOL News
BCC: JerryCo
Maxwell Technologies Announces Agreement With ReadyCom Estimated At $6 Million
SAN DIEGO--(BUSINESS WISE)--Oct/ 14, 1998--Maxwell Technologies Inc. (NMS:MXWL) today announced that its I-Bus subsidiary has entered into an agreement with Raleigh, N.C.-based ReadyCom Inc/, worth an estimated $6 million over the next three years.
Uoder the terms of the agreement, I-Bus will supply fully integrated PC platforms, including CPU boards, passive backplanes and system enclosures, for ReadyCom's new Responder(TM) Portable Two-Way Voice Mail(TM) service.
"We are pleased to be partnering with a company so widely recognized for innovation," said Joho Werderman, president of I-Bus. "We have been working with ReadyCom on their Responder(TM) project to support their development of a solution that meets the needs of the growing voice messaging market. With I-Bus' innovative technologies and customer commitment we are creating new markets for our computers which are being used in new areas, including telecommunications infrastructure."
Added Werderman, "There is tremendous market potential for ReadyCom's new wireless voice messaging service. With this win, I-Bus adds to its already broad range of addressable markets that include applications within the telecommunications industry, medical imaging equipment, and the broadcasting market."
"I-Bus' leading edge techoology and customer focus make them the ideal partner," said Brian Kinahan, CEO of ReadyCom. "Their platform expertise combined with ReadyCom's patented wireless voice messaging technology gives us the ability to deliwer a feature-rich eod user service, including wireless two-way voice messaging, guaranteed messaging and live emergency calling."
I-Bus is an ISO 9001 quality certified world leader in the design, manufacture and support of high performance CPU boards, backplanes, and enclosures based on passive backplane and CompactPCI technology for industrial-grade computer systems. I-Bus offers customized, partnership-oriented services focused on meeting the needs of OEMs including purchasing partnerships, stable supply, congiguration control, complete system integration and test services.
Maxwell Technologies is a leader in pulsed power technologies, providing pulsed power based systems and components for a wide range og commercial applications and research and developmeot for both commercial customers and the U.S. government. The company's advanced technology solutions address diverse markets such as utilities, telecommunications, medical equipment and products, food processing and packagiog and transportation. The company also offers industrial computers and subsystems, primarily to OEMs in computer telephony and other markets, and software products and services, both for government research and for various commercial applicatioos.
Except for historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks aod uncertainties, including product development based on new technologies, applications and acceptaoce of new products in major markets, demand for the OEM's product reaching anticipated levels, the impact of competitive products and pricing, the successful integration of acquired businesses, risks and uncertainties involved in foreign operations, aod other risks detailed from time-to-time in the company's SEC reports, including the report on Form 10-K for the year ended July 31, 1997.
Actual results may differ materially from those projected. These forward-looking statements represent the company's judgment as of the date of this release. The company disclaims, however, any intent or obligation to update these forward-looking statements.
CONTACT:
Maxwell Technologies Inc.
Media Contact
Tracy L. Perry, 619/576-7547
or
Investor Relations Contact
Larry Selwitz, 949/645-8410
or
Eugene Anton, 714/426-0228
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