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Technology Stocks : PairGain Technologies -- Ignore unavailable to you. Want to Upgrade?

To: max power who wrote (36144)	3/1/2000 4:54:00 PM
From: max power	Read Replies (2) \| Respond to of 36349

BusinessWire, 03/1/2000 16:37 PairGain to Acquire ABL Canada's Optical Fiber Products Group; Purchase to Enable Deployment of SONET in the Local Loop via PairGain's HDSL Product Family TUSTIN, Calif. and MONTREAL--(BUSINESS WIRE)--March 1, 2000-- PairGain Technologies Inc. (NASDAQ:PAIR), the power behind DSL access, and ABL Canada Inc. (TSE:ABL), Wednesday announced that they have reached a definitive agreement for the purchase and sale of a portion of ABL's business, the Optical Products Group and the AccessExpress(TM) line of optical fiber multiplexers and inverse multiplexers, to PairGain. The cash transaction for $10.4 million (USD) is expected to close during PairGain's first fiscal year quarter ending March 31, 2000. It is expected that all of ABL's optical products group, totaling 15 employees, will join PairGain. The transaction is subject to ABL obtaining regulatory approval. ABL's AccessExpress optical fiber solutions will allow PairGain's leading HiGain(R) family of HDSL and HDSL2 products to directly connect to SONET networks. "Through this strategic purchase of ABL's optical fiber technology, it is now possible to connect directly to SONET networks from our WideBand System 3190. This is a specific requirement of several of our ILEC and CLEC customers and will greatly reduce their costs while enhancing network timing and data delivery performance," said Dennis Young, executive vice president and general manager of PairGain's Telco Access business. The AccessExpress NX100 optical fiber multiplexer transmits up to 28 DS1s and up to two 10 Mbps Ethernet links over 52 Mbps OC-1 optical fiber. It offers a full array of advanced features such as integrated redundancy switching and remote network management for easy integration into existing SONET networks. "We are delighted to add ABL's team of experienced SONET engineers to our organization. ABL has been providing SONET systems to OEMs for several years. HDSL and HDSL2 loop access products are the ideal marriage for ABL's SONET technology," said Ray Nagele, director of product management for PairGain's T1/E1 products. ABL's Video Express(TM) and enterprise video networking products and related software are not included in this transaction. "With the completion of this transaction ABL will be able to devote its full attention to expanding its digital video networking solutions which represents historically in excess of 70% of revenues," said William McKenzie, ABL's president & CEO. About ABL Canada Inc. Montreal-based ABL Canada is a provider of a complete line of video solutions for full broadcast quality, on-demand switched digital video services over existing SONET, SDH, PDH, microwave and ATM networks. The company develops and markets leading technology for next-generation Internet and video networks. Deployed in broadcast and telecommunications companies in 50 countries worldwide, ABL products are used for many diverse applications including high-speed Internet access, distance learning, video conferencing and remote surveillance. These products, when used in switched video broadcast services, are managed by ATLAS(TM), ABL's Internet-based network management system. Additional information is available on its Web site at www.abl.ca. About PairGain Technologies Inc. PairGain is the leader in the design, manufacture and sale of DSL networking systems. Service providers and private network operators worldwide use PairGain's products to deploy DSL-based services such as high-speed Internet and remote LAN access. On Feb. 23, 2000, PairGain announced that it and ADC Telecommunications (NASDAQ:ADCT) had reached an agreement for the acquisition of PairGain by ADC. For more than 10 years, PairGain has been recognized as a technology leader and industry innovator of telecommunications equipment. The company offers the widest range of DSL-based systems available. Product lines include HiGain Solitaire(TM) HDSL2 solutions, HiGain(R) T1/E1 access systems, PG-Flex/Plus(TM), PG-Flex(R) and PG-Plus(R) subscriber carrier systems, the Avidia(R) System, Megabit Modems(R) and Campus-RS(TM) DSL access products. More than 1.7 million PairGain DSL nodes are installed in more than 100 countries. Additional information about the company is available on the Internet at www.pairgain.com.