GTE and FastComm Renew Multi-Year Purchase Agreement
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STERLING, Va.--(BUSINESS WIRE)--March 3, 1998--
Agreement Represents Three-Year Contract Renewal for Purchase
of FastComm Voice and Data capable FRADs
FastComm Communications Corp. today announced the renewal of the
multi-year Purchase Agreement with GTE Network Services, a unit of
GTE Corp.
The renewal extends the Purchase Agreement between the companies
for three years, effective March 1, 1998. Recently, the companies
announced GTE's standardization on FastComm's Voice and Data capable
Frame Relay Access Devices (FRADs). The Purchase Agreement is the
vehicle for GTE and all worldwide affiliated GTE entities to purchase
FastComm products.
Prior to this renewal, GTE has purchased in excess of $3.5
million of FastComm products and upgrades, including thousands of
FastComm's EtherFRAD products for the Oregon State Lottery network.
FastComm products were selected by GTE for that competitive bid based
on exceptional price/performance, X.25-to-Frame Relay capability, IPX
routing, and remote SNMP management features.
"I am very pleased to announce this contract renewal with GTE,"
stated Peter Madsen, FastComm President. "GTE has been one of our
largest customers for some time now, and we expect them to continue
to be a major customer moving forward. We are very proud to have
been selected by GTE, a growing telecommunications carrier and
Internet Service Provider."
FastComm gives Carriers and Integrators a "best-of-breed"
platform for combining legacy and LAN applications, as customers
demand better solutions to the problem of integrating legacy
applications into their LAN-driven Intranets and Extranets.
With industry-leading LAN+Legacy(TM) application support,
advanced features as MaximumPRIORITY(TM) multi-stream prioritization,
FastRATE(TM) adaptive congestion and CIR control, FramePROTECT(TM)
data protection for mission critical applications, and optional
managed, integral T1/E1 DSU/CSUs and on-board ISDN interfaces for
dialnetworking and dialbackup, the Data, Voice and Video capable
FastComm products are the best value available to customers today.
With 1997 revenues of more than $23 billion, GTE (GTE, NYSE) is
one of the world's largest telecommunications companies and a leading
provider of integrated telecommunications services. In the United
States, GTE provides local service in 28 states and wireless service
in 17 states; nationwide long-distance and internetworking services
ranging from dial-up Internet access for residential and
small-business consumers to Web-based applications for Fortune 500
companies; as well as video service in selected markets. Outside the
United States, the company serves more than 7 million
telecommunications customers. GTE is also a leader in government and
defense communications systems and equipment, directories and
telecommunications-based information systems, and aircraft-passenger
telecommunications. Additional information about GTE can be found on
the Internet at gte.com.
For more information, or to request a data sheet of any FastComm
product, phone 703-318-7750; fax to 703-787-4625; Email to
info@fastcomm.com; or visit FastComm on the World Wide Web at
fastcomm.com.
FastComm Communications Corp. (FSCX, NASDAQ) designs,
manufactures, and sells access products for public and private
digital networks. Its products include Packet and Frame Relay
concentrators, Voice and Data FRADs, and WEB.router(TM) Internet
access routers; T-1/E-1 ATM network access equipment; Frame Relay
line testers to speed installations; leased line and Switched 56
CSU/DSUs; SuperView(TM) data switches for managing multiple remote
async devices; and a family of high speed data compressors.
Forward looking statements are made in this release pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that all forward looking
statements are subject to risks and uncertainties, including, without
limitation, the timing of new announcements or introductions by the
Company and its competitors, the hiring and retention of key
employees, competitive pricing pressures, dependence on third party
for components and products, and general economic conditions in the
United States and international markets and the risk factors detailed
from time to time in the Company's periodic reports and registration
statements filed with the Securities and Exchange Commission.
NOTE TO EDITORS: FastComm, stylized logo, WEB.router,
FramePROTECT, LAN+Legacy, MaximumPRIORITY, FastRATE, MonoFRAD,
EtherFRAD, RingFRAD, VoiceFRAD and SuperView are trademarks of
FastComm Communications Corp. All rights reserved. All other
trademarks are property of their respective owners. |
