Com21 Receives DOCSIS Cable Modem Order from Mexico's MegaCable
One of the Largest Multiple System Cable Operators Moves to Com21 Standards-based Cable Modems
MILPITAS, Calif.--(BUSINESS WIRE)--January 10, 2000--Com21, Inc. (Nasdaq:CMTO - news), a leading global provider of system solutions for the broadband market, today announced that it has received a new order for its CableLabs® Certified(TM) DOXport(TM)1010 cable modems from MegaCable of Guadalajara, Mexico -- one of the largest cable operators in Latin America.
MegaCable has deployed proprietary broadband infrastructure systems throughout its service area since 1997, and is beginning the installation of Com21 standards-based products this month. Additional details of the order were not disclosed.
In recent studies by The Boston Consulting Group (BCG) and Visa International, Mexico is the second largest online market with 18 percent of the Internet users in Latin America and six percent of local online revenues. According to industry studies, there will be an estimated 1.5 million Internet users in Mexico by the end of 1999.
MegaCable passes nearly 885,000 HHP (households passed) and services more than one million cable television viewers. As one of the largest cable system operators in Latin America, MegaCable has 23 systems serving the cities of Guadalajara, Veracruz, Hermosillo, and the resort town of Mazatlan.
Miguel Franzoni, corporate manager, data division of MegaCable, said, ''We selected Com21 because they are a partner that stands behind its products, and that, in turn, helps us provide reliable, consistent high-speed Internet access to our subscribers. We are also impressed with Com21's on-time deliveries and exceptional service and support.''
Noted Com21 President and CEO Peter Fenner, ''MegaCable is the largest MSO in Mexico with nearly two dozen cities, and is a leader in deploying cable modem technology for high-speed Internet access. We are delighted to receive this new order from MegaCable for our DOXport products, and look forward to working with MegaCable on future deployments in the Mexican market.''
The Com21 DOXport(TM) 1010 is a performance-based CableLabs® Certified(TM) cable modem compliant with the DOCSIS (Data Over Cable Service Interface Specification) standard for interoperability.
About Com21, Inc.
Com21, Inc., is a leading global supplier of system solutions for the broadband market. The Company's DOCSIS, DVB and ATM-based products give cable operators and service providers the ability to deliver high-speed, cost-effective Internet and telephony applications to corporate telecommuters, small businesses, home offices and residential users. Com21 has shipped 268,000 cable modems worldwide through September 30, 1999.
Com21 is an ISO 9001 registered company with headquarters in Milpitas, California, USA. The company maintains domestic and international sales and support locations in the United States and Canada, Europe, Asia, and Latin America.
Safe Harbor 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. Those forward-looking statements include statements related to: the ability of Com21, Inc. to continue to meet marketing, technology and customer demands as it relates to its products within the broadband market; especially with respect to the its DOXport cable modems and ComUNITY® Access Systems as a commercial solution for the domestic and international markets. 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. 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 September 30, 1999. Com21 assumes no obligation to update the forward-looking information contained in this press release.
Note to Editors: Com21, Inc.® and DOXport(TM) are trademarks or registered trademarks of Com21, Inc., Milpitas, California, U.S.A. All other trademarks are the property of their respective owners.
Contact:
Com21 Public Relations Mia Bradway, 408/953-9787 or 888/214-5165 mbradway@com21.com or Agency Contact: FutureWorks, Inc. Ramin Ekhtiar, 408/428-0895 ext. 108 ramin@future-works.com |