I have been following Linkon Corp for a number of years and this press release indicates, at least to me, that the markets are finally catching up to LKON...their tech has usually been a step or two ahead of demand...now it seems the stars may be aligned properly for this company...trading at 1.25/1.34 on 18k, up .09. Filings on Edgar, do your own DD:
Tele Tower Places $3.0 Million Order for LinkNet IP
Telephony Gateway Switch; Emerging International Telecom Provider
Selects Linkon VOIP Architecture
FAIRFIELD, Conn., Jan. 20 /PRNewswire/ -- Linkon Corporation announced today that it had signed a volume purchase
agreement with Tele Tower, Incorporated, a New York-based global telecommunications provider. The VPA calls for Tele
Tower to purchase $3.0 million of the LinkNet(TM) IP Telephony Gateway Switch to be delivered over the next fifteen
months. Tele Tower will incorporate the Linkon Products into its global network which supplies wholesale long-distance
services to both facilities-based carriers and debit card platform holders.
''Over the last three years, we have seen our wholesale business grow at a phenomenal rate. But we know that the new
IP-based technologies for converged voice and data will greatly influence which companies will continue to grow. We have
reviewed the VOIP products available today, have tested the LinkNet Gateway in both the laboratory and in the field and have
decided that the open, scalable, UNIX-based, SS7 capable Linkon Technology is state-of-the-art,'' said Nick Patel, President
of Tele Tower, Incorporated.
''In only three years, Tele Tower has achieved substantial business and financial growth. They have built a network of direct
network links, satellite and fiber-optic undersea cables to be able to provide high-quality connections to virtually every point on
the globe. Tele Tower with support from Linkon is in an excellent position to capture a significant share of the rapidly emerging
VOIP services market, which Ovum Research, a London-based firm, recently projected will reach $60 billion by 2005,'' said
Lee W. Hill, President and CEO, Linkon Corporation.
About Linkon Corporation
Linkon develops and markets Internet Protocol Telephony enhanced services equipment and services for the telecom, data,
cable, utility and Internet industries. Its products are sold to end-users and through system integrators, application developers,
value-added resellers and original equipment manufacturers.
About Tele Tower, Incorporated
Created in 1996, Tele Tower is a privately held corporation based in Flushing, NY. Their extensive network includes points of
presence in USA, UK, Mexico, South America and Asia. They have strategic alliances with various TIER-I and TIER-II
carriers to provide reliable and cost-efficient global telecom coverage. Customers include prepaid and debit card companies,
call-back carriers, cellular operators and Internet Service Providers.
Linkon, Maestro, and LinkNet are trademarks of Linkon Corporation. All other trademarks are the property of their respective
owners.
|
