MTS Signs OEM Agreement with Lucent EMEAfor Distribution of TABS Call Management Systems
BNEI BRAK, Israel, Feb. 9 /PRNewswire/ -- MTS-MER Telemanagement Solutions Ltd. (Nasdaq: MTSLF), a leading global supplier of a wide range of telemanagement solutions for the telecommunications industry, today announced the signing of an OEM agreement with Lucent EMEA (Europe, Middle East and Africa) for the distribution of MTS's TABS(R) Call Management System. The TABS call management system is currently being sold by Lucent in several European countries.
"This agreement will strengthen the Company's relationship with Lucent EMEA since TABS will be offered by Lucent as the preferred solution throughout the territory," Zvi Slominski, MTS's Chief Executive Officer, said today. "It also is significant for the long-term growth of the Company."
In addition to the TABS call management system, MTS's other telemanagement solutions also will be offered by Lucent. Among these products are Toll Patrol(R) a telephone fraud detection device, TABS Alarm(R) a fault management system for PBX networks and TeleLog(TM), a digital voice logging solution.
"This agreement is an important addition to our strategy of focusing on OEM agreements in the international marketplace", said Alon Aginsky, MTS's VP Sales and Marketing. "We estimate that this relationship will generate sales of over $1.5 million in 1999."
MER Telemanagement Solutions designs develops, markets and supports a comprehensive line of telecommunications management solutions that enable business and other enterprises to effectively manage their communication resources. The Company's products include call accounting and management products, toll fraud detection systems and PBX (Private Branch Exchange) fault management systems. These products are designed to provide telecommunications and information technology managers with tools to reduce communications costs, recover charges payable by third parties, detect and prevent abuse and misuse of telephone networks and detect hardware and software faults. The Company supports its products worldwide through the use of its own sales and support offices, as well as local dealers and OEM contracts.
Certain matters discussed in this news release are forward-looking statements that involve a number of risks and uncertainties including, but not limited to, risks in product development plans and schedules, rapid technological change, changes and delays in product approval and introduction, customer acceptance of new products, the impact of competitive products and pricing, market acceptance, the lengthy sales cycle, proprietary rights of the Company and its competitors, risk of operations in Israel, government regulations, dependence on third parties to manufacture products, general economic conditions and other risk factors detailed in the Company's United Securities and Exchange Commission filings.
SOURCE MTS-MER Telemanagement Solutions Ltd.
CO: MTS-MER Telemanagement Solutions Ltd.; Lucent EMEA
ST: Israel
IN: TLS
SU:
02/09/99 10:21 EST prnewswire.com |
