Richard, lets hope this is the beginning of a string of good announcements coming from Maxwell:
Subj: Maxwell Technologies' I-Bus Industrial Computer Unit...
Date: 5/6/99 3:49:50 PM Eastern Daylight Time
From: AOL News
BCC: JerryCo
Maxwell Technologies' I-Bus Industrial Computer Unit Signs Agreements Valued At $10 Million
SAN DIEGO--(BUSINESS WIRE)--May 6, 1999--Maxwell Technologies
Inc. (Nasdaq:MXWL) announced today that its I-Bus industrial computer
unit has signed agreements with three telecommunications-related
customers that are expected to produce sales of approximately $10
million over the next three years.
The agreements call for I-Bus to supply fully integrated PC
platforms to Brooktrout Software, Hammer Technologies and I-Link Inc.
Tom Horgan, Maxwell's chief executive officer, said that the
agreements are indicative of I-Bus' position as a leading supplier of
industrial computer solutions for a wide array of telecommunications
applications.
"Each of these companies is a leader in its industry segment, and
the opportunity to work with them positions I-Bus to participate in
telecommunications markets that in some cases are growing at more than
100 percent annually," Horgan said. "In the case of Hammer, this is in
addition to an agreement valued at $7 million that we announced in
December 1998, so it is an indication both of our commitment to
customer satisfaction and to the breadth and versatility of I-Bus'
product line."
I-Bus will supply fully integrated PC platforms for Brooktrout
Software's Professional Services Group, which develops total system
solutions for interactive voice response and call management; for
Hammer's advanced test system load simulator, including the
industry-leading VoIP test suite; and for I-Link's new enhanced
Internet Protocol telecommunications platform.
I-Bus, a Maxwell Technologies company, is an ISO-9001 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. In addition, I-Bus offers customized, partnership-oriented
services focused on meeting the needs of OEMs, including purchasing
partnerships, stable supply, configuration 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
of commercial applications and research and development 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, water
purification, food processing and packaging 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 applications.
Except for historical information contained herein, the matters
discussed in this news release are forward-looking statements that
involve risks and uncertainties, including product development based
on new technologies, applications and acceptance 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, and 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, 1998. 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.
--30--ts/sd* sf/sd
CONTACT:
Maxwell Technologies
Michael Sund, 619/576-7743
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