Philips and Com21 Win Major Cable Modem Order from Argentina-based Cablevision
Com21's ComUNITY Access Systems to be Used for Growing Data Services in Buenos Aires, Argentina
ATLANTA--(BUSINESS WIRE)--Oct. 4, 1999--Philips Electronics, a Com21, Inc., (Nasdaq:CMTO - news) worldwide systems integration partner, recently announced that it would supply Cablevision with approximately 2,700 Com21 ComUNITY Access System cable modems in Buenos Aires, Argentina.
With Cablevision's 4,000 current data-over-cable subscribers, the broadband service provider will have nearly 7,000 active high-speed data customers in 1999, making it one of the largest data-over-cable service providers in South America.
Cablevision, which operates CATV systems that cover over 1.5 million households and businesses throughout Argentina, is one of the largest cable operators in South America. The operator commercially launched its high-speed data services in Buenos Aires in 1997 using the Com21 ComUNITY Access System, which was supplied and supported by Philips' local distributor, BCD Electronica.
About Philips Electronics
Philips Electronics has already installed Com21 systems in Europe, South America, Japan, and the Pacific Rim. Philips is a leading international supplier of broadband cable networks and advanced digital systems that enable these networks to deliver a full array of interactive services. The company's product range includes radio-frequency (RF) and fiber-optic electronic equipment, digital video systems, digital interconnect systems, cable modem systems, network management technologies and satellite master antenna solutions.
Royal Philips Electronics of the Netherlands is one of the world's biggest electronics companies and Europe's largest, with sales of US$ 33.9 billion in 1998. It is a global leader in color television sets, lighting, electric shavers, color picture tubes for televisions and monitors, and one-chip TV products. Its 233,700 employees in more than 60 countries are active in the areas of lighting, consumer electronics, domestic appliances, components, semiconductors, medical systems, business electronics, and IT services (Origin). Philips is quoted on the NYSE, London, Frankfurt, Amsterdam and other stock exchanges. News from Philips is located at www.news.philips.com
About Com21,Inc.
Com21 Inc., with headquarters in Milpitas, California, designs, develops, markets and supports value-added, high-speed communications solutions for the broadband access market. The company's ComUNITY Access system enables cable operators to provide high-speed, cost-effective Internet access to corporate telecommuter, small office/home office (``SOHO') and residential users in the U.S. and internationally, and enables them to address the distinct price, performance, security and other needs of these different end-user groups. Com21's products include headend equipment, subscriber cable modems, network management software and noise containment technologies.
Safe Harbor Act Clause
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section21E of the Securities Exchange Act of 1934, and is subject to the safe harbors created by those sections. These forward-looking statements include statements related to: the ability of Com21 to develop, offer and meet the marketing and technology requirements of cable modem products to CableVision in Latin America. Actual results may differ materially due to a number of factors, including numerous technological, operational and financial challenges associated with deploying, manufacturing, marketing distributing and servicing broadband products worldwide. The matters discussed in this press release also involve risks and uncertainties concerning Com21's products and services described in Com21's filings with the Securities and Exchange Commission (SEC). In particular see the risk factors described in the Company's Form 10K for the fiscal year ended December 31, 1998, and Form 10Q for the fiscal quarter ended June 30, 1999. Com21 assumes no obligation to update the forward-looking information contained in this press release.
Com21, Inc.©, and ComUNITY Access© System are trademarks or registered trademarks of Com21, Inc., Milpitas, California, USA.
Contact:
Com21 Public Relations Mia Bradway, 408/953-9787 / 1-888/214-5165 mbradway@com21.com or Philips Broadband Networks Jim Brady, 770/821-3944 jim.brady@philips.com or European PR Contact: Fiona Dennis/Antonia Christie, 44.18.242.4112/4245 fionad@text100.co.uk and antoniac@text100.co.uk
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