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Technology Stocks : COM21 (CMTO) -- Ignore unavailable to you. Want to Upgrade?

To: zbyslaw owczarczyk who wrote (1814)	2/22/2000 9:25:00 AM
From: advinfo	Respond to of 2347

Tuesday February 22, 8:15 am Eastern Time Company Press Release Com21 Expands Global Presence with New European Development Center New Facility Develops Leading Edge Communication Products and Solutions for High-Speed Internet Access MILPITAS, Calif.--(BUSINESS WIRE)--Feb. 22, 2000--Com21, Inc. (Nasdaq:CMTO - news) today enhanced its global presence with the opening of a new European Development Center (EDC) in Cork, Ireland to develop headend and modem systems for the company's ATM-based ComUNITY(TM) Access System, DVB and DOCSIS standards-based products. Ranked number one in Europe, Com21 is a leading supplier of system solutions for the broadband access market. Com21's solutions enable subscribers to benefit from high-speed data transfer and Internet access, as well as telephony services through the broadband cable television network. The EDC will develop these solutions, utilizing the growing pool of engineers and other talented individuals in the region, supporting the government's initiative of attracting advanced technology manufacturers to Ireland. ''We welcome the arrival of one of the largest suppliers of broadband access solutions worldwide to Ireland,'' said the country's Minister Michael Martin T.D. ''Com21's European Development Center will create 50 engineering positions in Cork and will recruit from our top graduates. This reflects upon our Country's aggressive efforts of attracting higher value and higher paying jobs to Ireland.'' ''The European market's demand for high-speed Internet access is growing at a phenomenal rate,'' stated Charles Cheevers, general manager, Com21 European Development Center. ''Com21 selected Cork, Ireland as the site of its European Development Center because of the existing local talent and the well-established technology base in the area.'' About Com21, Inc. Com21, Inc., is a leading global supplier of system solutions for the broadband access market. The Company's DOCSIS, DVB and ATM-based products enable cable operators and service providers with the abilities to deliver high-speed, cost-effective Internet and telephony applications to corporate telecommuters, small businesses, home offices and residential users. Com21 has shipped 370,000 cable modems worldwide through December 31, 1999. Com21, an ISO 9001 registered company, is headquartered in Milpitas, California, USA, and 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 and operations within the global broadband market especially with respect to the European Development Center in Cork, Ireland. Actual results may differ materially due to a number of factors, including numerous technological, operational and financial challenges in retaining engineering and administrative resources in Cork, Ireland. 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 most recent Form 10K and Form 10Q. Com21 assumes no obligation to update the forward-looking information contained in this press release. Note to Editors: Com21® 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. biz.yahoo.com