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Technology Stocks : Voice-on-the-net (VON), VoIP, Internet (IP) Telephony -- Ignore unavailable to you. Want to Upgrade?

To: Frank A. Coluccio who wrote (1157)	8/24/1998 2:09:00 AM
From: Frank A. Coluccio	Respond to of 3178

TeleHub's Voice Telephony Over ATM Product Wins Prestigious Award [Does this give you a headache? If so, please state why. I want to test whether we're in synch. Thanks, Frank C.] August 24, 1998 GURNEE, Ill.--(BUSINESS WIRE) via NewsEdge Corporation -- TeleHub Technologies Corporation announced today that its voice telephony over ATM (VTOA) intelligent network product, VASP(TM), has won the International Engineering Consortium's (IEC) prestigious 1998 InfoVision Award. This award is given annually to firms that deliver the most innovative product, service, and technology. Formal presentation of the award takes place on October 5, 1998 at the National Communications Forum in Chicago. "We certainly want to thank the IEC for bestowing this honor on our company; it gives our staff recognition for their accomplishments in advancing broadband telecommunications. VTOA is the enabling technology for the delivery of B-ISDN and Broadband IN services," said Tony Zaide, vice president- product marketing. "The IEC has been a champion for positive change in the industry and academia for more than 50 years. Winning their InfoVision Award for the VTOA applications is indeed a gratifying experience." "The fact that our VASP(TM) VTOA products scored the highest in the categories of innovation, uniqueness, market impact, customer benefits, and value to society is not surprising given that VTOA introduces switched voice, data, and video services to 170 million POTS (plain old telephone service) users. Now that high-speed backbone voice switching is available, we hope to see carriers adding access bandwidth to support the multimedia services POTS users are demanding," said Howard Gunn, director-customer solutions. "It is especially fitting that the award ceremonies are in close proximity to the site of the 1893 World's Columbian Exposition in Chicago. Almon B. Strowger used that exposition to introduce his POTS voice switching office, which so dramatically improved society. We believe VTOA will have a similar impact. We see VASP(TM) and other Broadband IN products spawning new service competition that will force down the prices that consumers pay for basic POTS services," Gunn continued. "The VTOA product and its Next Generation Signaling Platform (NGSP) are operational. Together they facilitate the ability to evolve the network infrastructure from circuit switching to high-speed data switching, at lower costs per subscriber than can be achieved on traditional networks. The VASP(TM) software suite that controls the ATM switching network also integrates precise call records, on-line service order handling, and call management functions, " said Mr. Zaide. TeleHub Technologies Corporation is a communications infrastructure supplier of software control systems for voice telephony over ATM (VTOA) services worldwide. The company designs, manufactures, markets, installs, and supports its on-line Virtual Access Services Platform (VASP)(TM) rating support system and next generation signaling platform software which complements the real- time call control products. These integrated products are designed to automate service order processing and manage the delivery of high-speed data, voice, and video services over ATM/SONET networks. TeleHub Technologies Corporation is headquartered in Gurnee, Illinois, and is a subsidiary of the Walnut Creek, California-based TeleHub Communications Corporation. CONTACT: TeleHub Technologies Corporation, Gurnee \| Beth Solfisburg \| Telephone 847/782-2034 \| Facsimile 847/623-1717 \| Email bsolfisburg@telehub.com \| URL: telehub.com [Copyright 1998, Business Wire]