TEK DigiTel and Franklin Telecom Sign $2M Agreement
Companies to Partner in Bringing Plug and Play Convergence to Small Office Market
GERMANTOWN, MD--(BUSINESS WIRE)--May 25, 1999-- TEK DigiTel Corporation (OTC BB:TEKI - news) and Franklin Telecom (AMEX:FCM - news) today announced a technology transfer agreement that incorporates both hardware and software into Franklin's converged solutions for small offices and businesses. Franklin Telecom, a leading provider of Internet Telephony products and TEK DigiTel, a SOHO convergence solutions provider, will make it even easier for Internet Service Providers (ISPs) and Competitive Local Exchange Carriers (CLECs) to provide combined voice, video and data services to small businesses. According to the agreement, revenues for TEK DigiTel are forecasted at about $2 million over two years.
''TEK DigiTel has optimized its entire product roadmap around speeding time-to-market and minimizing support requirements. Their approach is completely in synch with our commitment to offer the highest value solutions to small office and small business customers,'' said Peter Buswell, President and Chief Operating Officer of Franklin. ''TEK DigiTel's expertise in optimizing entry level remote VoIP gateways for small offices, combined with Franklin's advanced generation backoffice software for Internet Telephony, will help ISPs and CLECs provide customers with truly integrated multimedia services from the edge of the carrier's network to the desktop.''
TEK DigiTel President Rocco DiCarlo believes the relationship characterizes the movement of the Internet Telephony market. ''The sense of urgency surrounding multiservice IP communications has opened the door for forging strategic relationships such as this agreement between TEK DigiTel and Franklin,'' DiCarlo says. ''As a company founded to speed the benefits of IP convergence in underserved markets, agreements such as this that advance adoption of our technology are key to our growth strategy. We couldn't be happier than to be working with a company as aggressive as Franklin Telecom.''
About Franklin Telecom
The primary business of Franklin Telecom (AMEX: FCM - news), founded in 1981, is the design and manufacturing of communications devices, high speed LAN, WAN, Telco and Satellite Systems and software. Franklin has an installed base of over 100,000 nodes worldwide. Franklin's Internet subsidiaries, FNet and Internet Passport provide services using FTEL products.
About TEK DigiTel
Based in Germantown, Maryland, TEK DigiTel Corporation is helping service providers bring the benefits of IP voice/data convergence to SOHO and small business environments through highly functional, low cost, network access devices. Founded in 1998, TEK DigiTel is publicly traded (OTC BB: TEKI - news). TEK DigiTel is focused on integrating all communications elements of a small office into one easy-to-use platform and is co-marketing it's Customer Premise Equipment (CPE) solutions with Internet Telephony Service Providers (ITSPs), Internet Service Providers (ISPs) and resellers. The company's V-Server iGate product begins shipping this month.
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