(BSNS WIRE) Franklin Caps Quarter With Million- Dollar Order; Orders for
Franklin Caps Quarter With Million- Dollar Order; Orders for Tempest DVGs
Accelerate
Business Editors & Technology Writers
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Dec. 22, 1998--
Franklin Telecom (OTC BB:FTEL) Tuesday announced that it has received
an order exceeding $1 million for Tempest Data Voice Gateway Systems
from a Southern California customer that is deploying a national Voice
over IP network.
This contract follows previous purchases of Tempest Systems that
have already been shipped and deployed in establishing California as
the first leg of its planned national network. For competitive
reasons, the customer does not wish to be identified.
According to Franklin's chief financial officer, Tom Russell:
"Franklin is extremely pleased to receive this order. While a
percentage of this latest contract will be delivered during the
quarter ending Dec. 31, the balance will fall into the next quarter.
This is consistent with our expectations of significant continued
growth in hardware sales."
Peter Buswell, Franklin's president and chief operating officer,
added: "This is a solid example of where we are going with the Tempest
System.
"There are three distinct benefits to our company in this
contract: (1) we have the sale of the hardware itself; (2) as this is
a customer utilizing our turnkey solution, we will have ongoing
revenues for maintaining their system; (3) within a short period of
time, we will be connecting their sites into our FNet backbone, as
well.
"In other words, we have a win-win-win situation. This is a great
way to close out the calendar year and go into the second half of our
fiscal year."
The primary business of Franklin Telecom, founded in 1981, is the
design and manufacturing of communications devices, high-speed LAN,
WAN, Telco and software. Franklin customers have installed more than
100,000 nodes worldwide. Franklin's Internet subsidiary FNet provides
Voice over Internet Protocol global Telco services.
For additional information about this announcement, visit the
Officer's Message page at Franklin's Web Site, www.ftel.com.
Certain statements in this news release constitute "forward-
looking statements" within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act
of 1934. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause the actual
results, performance or achievements of the company to be materially
different from any future results, performance or achievements,
expressed or implied by such forward-looking statements.
--30--DB/la* LA/la
CONTACT: Franklin Telecom, Westlake Village
Helen West, 805/373-8688
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED TELECOMMUNICATIONS
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