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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: zbyslaw owczarczyk who wrote (6659)	9/22/1998 12:17:00 PM
From: Don Johnstone	Read Replies (1) \| Respond to of 18016

PixStream SEPTEMBER 22, 1998 PixStream Joins Newbridge Affiliate Program KANATA, ONTARIO--New Newbridge Affiliate's Solutions Enable Service Providers to Introduce Leading-Edge Video Applications Newbridge Networks today announced that PixStream Incorporated is the newest member of the family of Newbridge(r) Affiliate companies. Founded in 1996, the Waterloo Ontario-based company develops, manufactures and markets hardware and software products that enable network service providers and enterprises to reliably distribute and manage digital video. Using PixStream systems, high quality video and audio can be transported more efficiently over broadband networks, optimizing bandwidth and enabling customers to introduce leading-edge video services and applications. Interfacing directly with the network infrastructure, PixStream's products and management tools enable television broadcasters to take full advantage of the enhanced reliability and multi-service capabilities of a telecommunications broadband data network infrastructure. "I am especially proud to welcome PixStream into the growing family of Newbridge Affiliate companies," said Terence Matthews, Chairman and Chief Executive Officer, Newbridge Networks. "Not only is PixStream providing Newbridge with excellent technology to aggressively pursue compressed digital television broadcasting opportunities, it also provides us with a strong presence in Waterloo, home of one of North America's finest engineering universities." "Our Newbridge affiliation provides us with the scope and presence we need to develop solid relationships with service providers and addresses the opportunities before us in the video network market," said Stephen Bacso, Chief Executive Officer, PixStream. PixStream systems will complement the Newbridge broadband network solutions, enabling seamless integration with the Newbridge service management system. The company will bring to Newbridge expertise in television broadcast and Motion Picture Expert Group (MPEG-2)-standard compression technology. MPEG-2 is the dominant global compression standard for the transport of digital video through broadband infrastructures. More than 1,500 U.S. television stations have been mandated by the Federal Communications Committee (FCC), the U.S. television regulatory authority, to move towards digital transmission standards over the next five years. Globally, other countries have also committed to converting to the digital distribution of television signals through MPEG-2. This is expected to create a multi-billion dollar annual market worldwide within the next 10 years. In 1992, Newbridge initiated a strategy of establishing and investing in Affiliate companies. This strong and growing family of technology companies offers products and services that are complementary to Newbridge's core business. With more than 1,500 employees and an estimated market value of more than $1 billion, Newbridge Affiliates have combined annual revenue of more than $200 million. The potential benefits of this approach to Newbridge and the Newbridge Affiliates are significant. It allows Newbridge to leverage the synergies of common distribution, market knowledge, operations and purchasing to attack emerging markets from multiple points of strength. These multiple points of strength provide a competitive advantage that is not easily replicated in the marketplace. This strategy encompasses the Newbridge Affiliate companies taking on worldwide product mandates that complement the Company's core product/business strategy. PixStream Incorporated develops, manufactures and markets solutions that enable network service providers and enterprises to reliably distribute and manage digital video. PixStream is an Affiliate of Newbridge Networks Corporation. Founded in 1996, PixStream is an acknowledged leader in the emerging CompactPCI standard. News and information are available at www.pixstream.com. Newbridge Networks (NYSE: NN; TSE: NNC) designs, manufactures, markets and services networking solutions to organizations in more than 100 countries. The Company leverages its relationship with a growing family of Newbridge Affiliate companies and strategic alliances with Siemens and 3Com Corporation to deliver seamless, end-to-end solutions. Newbridge customers include the world's 300 largest telecommunications service providers and more than 10,000 corporations, government organizations and other institutions. Founded in 1986, the Company employs more than 6,000 people on five continents. News and information are available at www.newbridge.com. Newbridge, logo are registered trademarks of Newbridge Networks Corporation. PixStream and the PixStream logo are trademarks of PixStream Incorporated. -30- FOR FURTHER INFORMATION PLEASE CONTACT: PixStream Tim Jackson (519) 884-4196 E-Mail: tjackson@pixstream.com or Newbridge Networks Corporation John Lawlor (613) 591-3600 E-Mail: jlawlor@newbridge.com or FitzGerald Communications Keith Figlioli (617) 494-9500