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Technology Stocks : TII INDUSTRIES -- Ignore unavailable to you. Want to Upgrade?

To: Bobb who wrote (43)	7/7/1998 3:29:00 PM
From: Jack of All Trades	Respond to of 62

News out!! Tuesday July 7, 8:37 am Eastern Time Company Press Release TII's New Patent Powers Cable Television's Future COPIAGUE, N.Y.--(BUSINESS WIRE)--July 7, 1998--After nearly five years of research and development, TII Industries, Inc. (NASDAQ NSM: TIII) has been awarded United States Patent No. 5,768,084 on a breakthrough device that allows cable television (CATV) providers, telephone companies, and other communications carriers to extract the power needed to deliver telephone, internet and interactive cable television services over a single coaxial cable. This patented device joins TII's portfolio of four other United States patents and additional United States and international patents pending targeted to high bandwith coaxial cable networks. Using TII's patented device, carriers can quickly, easily and cost effectively help transform any coaxial cable network, powered or unpowered, into a high-performance broadband network. Carriers can now provide customers with clear, reliable signals and fail-safe protection mandated under the proposed 1999 National Electric Code (NEC). ''We bet on the future of cable with investments in engineering and product development,'' says Alfred J. Roach, founder and Chairman of TII. ''Now, our investments should start paying off, and the opportunity is bigger than we ever dreamed. Even the most optimistic timetables for growth are starting to look conservative, in light of what's happening today. The current spree of deal-making will spur the most dynamic level of activity this industry has ever seen. Carriers who want to grab their share of the market now need a product like this to get the job done.'' Called PRO-TRACTOR(TM), TII's device combines innovative power extraction technology with in-line coaxial surge protection that shields subscribers and their equipment from the destructive effects of lightning and other hazardous surges. Installed in homes at the network interface, PRO-TRACTOR permits coaxial cable to carry low voltage AC current along with CATV signals. This current is used to power telephone circuits and active electronic components for telephone, data and interactive broadband services. PRO-TRACTOR allows carriers to use existing coaxial cable in their embedded base for the full spectrum of telephone, data and interactive broadband services. It eliminates the cost of laying additional lines to carry low voltage power. Carriers creating high bandwidth networks, such as newly merged AT&T/TCI, can dramatically cut installation costs and speed start-up for many of the worlds nearly 210 million CATV subscribers. Founded in 1964, TII is a leading supplier of lightning surge protection, network interface, fiber optic and station electronics products for communications industries. With facilities in New York, North Carolina, Puerto Rico and the Dominican Republic, TII recently secured $12.5 million to fund new opportunities for growth. Statements in this release that are not strictly historical are ''forward-looking'' statements which should be considered as subject to the many risks and uncertainties that exist in the Company's operations and business environment. These risks and uncertainties include economic conditions, market demand and pricing, competitive and cost factors as well as other factors from time to time discussed in TII's SEC reports. Visit our world wide web site located at tii-industries.com Contact: TII Industries, Inc. Timothy J. Roach, President & CEO 516/789-5000 or Jack J. Tarulli, Director Investor Relations 516/789-5000 or ECOM Consultants Bob Frost, 212/391-9475 More Quotes and News: TII Industries Inc (Nasdaq:TIII - news) Related News Categories: computers, telecom