ECI Telecom Chosen by Last Mile Media Corporation, An Emerging Supplier of High Speed Internet Connections to Multi Tenant Properties, As Primary DSL Supplier
New Agreement valued tens of millions of dollars enhances ECI Telecom's penetration of the Multi-Tenant Property market in the US
PETAH TIKVA, Israel--(BUSINESS WIRE)--Aug. 17, 2000-- ECI Telecom Ltd. (NASDAQ/NM symbol: ECIL - news) announced today a Memorandum of Understanding with Last Mile Media Corporation (LMM), to become its primary DSL equipment vendor. Last Mile Media located in Austin Texas, is an emerging provider of high-speed Internet connections to multi-tenant properties. The Multi-Tenant Property market is a $2.5B market consisting of over 21 million apartments. LMM expects to purchase tens of millions of dollars worth of ECI Telecom's Hi-FOCuS(TM) DSL equipment. During the first 18 months of this agreement, ECI Telecom will be the exclusive provider of xDSL equipment to LMM.
``ECI Telecom is already a principal supplier of xDSL broadband access solutions in Europe and Asia-Pacific'', says Pinny Chaviv, ECI Telecom's Corporate Vice President and General Manager of the Access Solutions Business Unit. ``This new agreement further enhances our position as an emerging leader of xDSL solutions in the US''.
ECI Telecom's Hi-FOCuS(TM) xDSL solution is uniquely featured to address this important DSL market segment. ECI Telecom is continuously adding exciting applications to its Broadband Access service offering. In this case, Hi-FOCuS will enable advanced services such as Digital Cable TV, VoDSL, and other entertainment services including music and games to LMM's residential and commercial multi-tenant customers.
``ECI Telecom's Hi-FOCuS(TM) offers us an end to end complete carrier-grade solution, from sophisticated management, to the DSLAM and Customer Premise Equipment, says Jeff Levine, CEO of Last Mile Media. ''The advanced functionality and remote capabilities of Hi-FOCuS(TM) will enhance LMM's offering, improve customer service, speed implementation, and reduce operating costs.
Dan Doczy, Vice President, Marketing and Business Development of ECI Telecom's Broadband Access Solutions Unit, explains: ``The multi-tenant market place is very large and very under served. This partnership with Last Mile Media creates an exciting new way to address this market from a comprehensive service perspective, enabled by world class DSL technologies. LMM's marketing channels and many years of experience, combined with the multi-service capabilities of ECI Telecom's Hi-FOCuS Next Generation xDSL platform, provides a powerful solution that addresses this multi-billion dollar multi-tenant market.''
ECI Telecom's HI-FOCuS(TM) xDSL broadband access portfolio incorporating innovative FractalLink(TM) architecture is designed to enable co-existence of different transmission technologies (e.g. ADSL, ADSL lite, SDSL, and VDSL) within a single platform. This ability broadens the variety of services that can be provided through the system. Its ATM to the Subscriber architecture enables to differentiate service packages by supporting four Quality of Service (QoS) classes. The system additionally features ATM-OA&M (Operation, Administration and Maintenance) capabilities.
ECI Telecom's Hi-FOCuS is managed by a powerful Operator Station (OPS) customized to provide total control over the wide range of features and DSL services for up to hundreds of thousands of subscribers.
Last Miles Media's CIO, Sam Musslewhite concluded: ``The pricing, technology, and software management of Hi-FOCuS most closely meet our immediate needs, and ECI Telecom's DSL product roadmap appears to be flexible enough to take into account our developmental requirements''.
About ECI Telecom
ECI Telecom Ltd. is a provider of integrated network solutions for digital communications and data transmission systems. The Company designs, develops, manufactures, markets and supports end-to-end digital telecommunications solutions for today's new services and converging networks. The Company's products create bandwidth, maximize revenues for network operators, expand capacity, improve performance and enable new revenue-producing services. In doing so, they enhance the capabilities of existing networks to support voice, data, video and multimedia services. ECI Telecom's equipment supports traffic in more than 500 service networks in over 145 countries.
This press release and additional information about the Company are available on ECI Telecom's site on the World Wide Web: ecitele.com.
If you would like to receive future news releases electronically, please forward your email address to corporate.marketing@ecitele.com.
About Last Mile Media
Last Mile Media Corporation is an emerging National Supplier of high-speed Internet services and infrastructure to Residential and Commercial multi-tenant properties. The Company installs ECI Telecom DSLAM equipment right on the property, thereby ensuring up to 26MB throughput to each tenant. There is no cost to the property owner, but Last Mile Media shares revenue. Last Mile Media handles all customer service, billing, and provisioning issues via ECI Telecom's OPS Management Software.
Additional information about the Company is available on Last Mile Media's site on the World Wide Web: lastmilemedia.com.
Certain statements contained in this release may contain forward-looking information with respect to plans, projections or future performance of the Company. By their nature, forward-looking statements involve certain risks and uncertainties including, but not limited to, product and market acceptance risks, the impact of competitive pricing, product development, commercialization and technological difficulties and other risks detailed in the Company's filings with the Securities and Exchange Commission.
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Contact:
ECI Telecom Ltd.
Douglas Dean, 973/401-6405
Fax: 973/401-6406
Daniella Finn, 972-3-926-8995
Fax: 972-3-926-6700
or
Last Mile Media
Jeff Levine, 512/381-6404 |
