Wednesday March 15, 9:22 am Eastern Time
Company Press Release
SOURCE: Interspeed, Inc.
Interspeed Announces $10 Million International Distribution Agreement
With OMNILOGIC Telecomunicaciones
Leading Global Engineering Firm to Market Interspeed's Integrated DSL Access Solutions In Spain, Chile, Argentina and
Mexico; Continues Expansion of Interspeed's International Reseller Network
NORTH ANDOVER, Mass., March 15 /PRNewswire/ -- Interspeed Inc. (Nasdaq: ISPD - news), a leading provider of integrated, high-speed digital subscriber
line (DSL) access solutions for building-centric service providers, today announced a $10 million agreement to deliver equipment over the next three years to
OMNILOGIC Telecomunicaciones, S.A. Under terms of the contract, Madrid, Spain-based OMNILOGIC will market Interspeed's complete family of integrated
DSL Access Routers to service providers in Spain, Chile, Argentina and Mexico. This agreement further expands Interspeed's international market presence and
positions the company's innovative platforms as the DSL access solution of choice for global carriers.
The agreement with OMNILOGIC is the latest in a series of steps Interspeed is taking to expand its worldwide distribution network. In addition to Spain, Chile,
Argentina and Mexico, Interspeed was one of the first DSL equipment vendors to establish representation in the fast-growth Asia Pacific market.
``DSL service is poised for rapid growth in the Spanish, Chilean, Argentine and Mexican markets. To capitalize on this opportunity, OMNILOGIC evaluated
leading DSL access platforms in terms of their overall cost to our service provider customers, as well as speeding their time to market,' said Joseph de Pedro,
C.E.O. of OMNILOGIC Telecomunicaciones, S.A. ``Interspeed's products are the only solutions that incorporate the multiple components necessary for DSL
service, including routing and switching. This integrated architecture not only provides lower equipment and management costs, but it also helps our customers to
quickly bring their services to market.'
``Interspeed is developing an extensive worldwide distribution network for global delivery of its product', said Art Goodwin, Senior Vice President of Worldwide
Sales at Interspeed, Inc. ``Through our partnerships with local telecom experts such as OMNILOGIC, Interspeed should be able to extend its reach throughout
Europe, South America and Latin America.'
About Interspeed's Product Family
Interspeed offers a highly scalable family of DSL Access Routers - the Interspeed 1000, Interspeed 500, and Interspeed DART. All three products include
complete DSL aggregation, Layer 2 switching, IP Routing, and VPN functions in a single device, thus eliminating the need for service providers to purchase these
components separately, and saving significant cost. The Interspeed DART is the industry's first complete, low-density DSL solution that enables service providers to
deliver high-speed Internet access and other advanced IP applications to the Multi-Tenant Unit (MTU) market. The Interspeed 500 is designed for larger MTU and
Central Office environments, and the Interspeed 1000 is ideal for larger deployments in central office environments. The three products are managed with
Speedview(TM), a powerful set of administration and management functions that make installation as simple as ``plug and play.'
About OMNILOGIC
OMNILOGIC Telecomunicaciones, S.A. is a systems engineering company providing integrated solutions. Its core business areas are the supply and implementation
of turnkey telecommunications projects for transmission systems, CATV/HFC cable networks, professional mobile radio systems, as well as network management
and supervision platforms in Spain, Chile, Argentina and Brazil.
OMNILOGIC's main activity is based on systems integration, although it covers areas such as sales and marketing, technical consulting services, systems level
design, radio network planning, project management and customer service (including factory integration, site surveys, installation, commissioning, customer training,
maintenance, and after sales service).
OMNILOGIC was founded in 1988, employs more than 100 people, and had revenues of $40 million in its last fiscal year. OMNILOGIC is part of the Inversiones
Ibersuizas Group.
About Interspeed
Interspeed (http://www.interspeed.com/) designs, develops and markets advanced high-speed data communications solutions based on digital subscriber line (DSL)
technology. Its products enable data communication service providers, such as competitive local exchange carriers, Internet service providers, and owners of
multi-tenant units to utilize the existing copper wire infrastructure to deliver high-speed data access to their customers. Interspeed offers the industry's only single
platform system that integrates the principal components required to offer DSL service, including signal concentration, routing, switching and network management.
Unlike traditional DSL products, Interspeed's DSL Access Routers can offer customers a highly scalable and flexible solution at a lower total cost of ownership.
Note to Investors
This press release contains forward-looking statements that do not give full weight to all potential risks, but relate to Interspeed's plans, objectives and expectations,
which are dependent upon a number of factors outside of Interspeed's control including, but not limited to, market acceptance of DSL and international markets, the
availability of competing products and technology and technological advances by competitor's with greater resources. Thus, actual results may differ materially.
Additional information concerning these and other risks is contained in the ``Risk Factors' section of Interspeed, Inc.'s Quarterly Report on Form 10-Q for the
quarter ended December 31, 1999 filed with the Securities and Exchange Commission on February 14, 2000.
For more information, contact:
Ken Osowski Jon Bornstein/Kyle Marshall
Interspeed Porter Novelli Convergence Group for Interspeed
978-688-6164 919-834-1200 / 919-834-1208
kosowski@interspeed.com jon.bornstein@pnicg.com
kyle.marshall@pnicg.com
All trademarks are the property of their respective owners.
SOURCE: Interspeed, Inc. |
