Pam;
Looks like you beat me to it (start our own thread), here is the article concerning the patented surge protector, can someone comment as to why the stock price is so depressed.
Mark
Tuesday October 15 2:10 PM EDT
Tii Industries, Inc. Awarded Broad Patent Coverage For Novel Coaxial Transmission Line
Surge Arrestor
TII Product Targets Billion Dollar Market Need
COPIAGUE, N.Y., Oct. 15 /PRNewswire/ -- T11 Industries, Inc. ( TII Industries Inc ), today announced that the U.S. Patent Office has granted Patent No. 5,566,056 to the Company for its novel in-line coaxial Transmission Line Surge Arrestor. TII's basic patent provides broad coverage for overvoltage protection on coaxial cables, a preferred method of providing high bandwidth signals to business and residential users by the established Regional Bell Operating Companies ("RBOCs") and cable companies.
Considerable commercial interest already exists for this arrestor which targets a potential market of over one billion dollars. Trials and evaluations are currently underway among RBOCs, cable providers, and original equipment manufacturers. TII's coaxial surge arrestors were first commercially utilized to protect video programming links in Atlanta during the coverage of the Olympic Games.
Timothy Roach, President, commented, "In the United States alone there are over 65 million homes subscribing to cable T.V. As the cable industry upgrades its network to provide the broadband capabilities necessary for the interactive services in the future, the cable companies will also need to upgrade their overvoltage protection. With each of the 65 million lines potentially needing multiple protectors, as well as future uses, the market for the new TII product is enormous. In addition, the projected growth of highband utilization by the telephone industry will require more extensive use of coaxial cable to homes and businesses. The coaxial surge arrestors should begin to produce revenue for TII in fiscal 1997 and make a more material contribution in fiscal 1998."
The technologically advanced design of the TII coaxial surge arrestor protects the subscriber and their valuable electronics equipment from lighting and other hazardous overvoltages. Safety guidelines for the use of electrical protection on coaxial lines are currently being drafted for future inclusion into a new National Electric Code Article 830 which will govern accepted standards for Broadband Networks. TII's patented coaxial surge arrestor can be used by itself or can be integrated into various coaxial connectors, and radio frequency equipment.
Recent deregulation of the communications industry has set the stage for competition among the telephone companies, cable operators, alternate access providers and others to provide a variety of educational, entertainment, and business oriented services. Included are video on demand, high speed Internet access, interactive entertainment and banking services. With telephone companies and cable operators planning massive investments to build new Broadband Networks, the over 65 million cable subscriber lines and over 155 million telephone lines in the U.S. are in the initial process of being replaced by Broadband Services Networks. Unlike existing cable and telephone networks, these Broadband Networks will have an abundance of expensive electronic systems and equipment in
the distribution system. These include various optical/electrical nodes, fiber-to-the-curb electronics, remotely programmable taps, power inserters, and active network interface devices (NIDs) at the house. With some of these devices having multiple ports, and with a NID at each single family subscriber residence, it is anticipated that an average of up to three coax surge required for each broadband subscriber line.
Mr. Roach further commented, "The use of the TII coaxial surge arrestors is expected to have a distinct positive impact an both the safety and reliability of Broadband Networks. These two factors will be critical in a competitive environment in which the consumer will have a choice of service providers."
TII Industries, Inc., with facilities in Copiague, New York, North Carolina, Puerto Rico and the Dominican Republic, specializes in the design, manufacture and sale of overvoltage surge protection, fiber optic, network interface and electronic products, principally for use in the telecommunications industry. TII markets its products directly or indirectly to the Regional Bell and Independent Telephone Operation Companies, CATV providers, as well as original equipment suppliers
who sell to the global communications marketplace. Its overvoltage protectors are required by the National Electric Code to be installed on the user's home or office telephone lines to prevent injury or damage caused by lightning and other electrical occurrences. Its customers service over 155 million subscriber lines in the United States.
Except for any historical information contained herein, the matters discussed in this press release contain "forward-looking statements" under the federal security laws and involve risks and uncertainties including those which are described in the Company's SEC reports, including the 10K for the period ended June 28, 1996. SOURCE TII Industries, Inc. |
