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Technology Stocks : Osicom(FIBR) -- Ignore unavailable to you. Want to Upgrade?

To: Brian who wrote (9027)	1/8/1999 11:11:00 AM
From: Brian	Respond to of 10479

<<Osicom Opens New Offices in France, Spain, Italy, and Switzerland to Address Burgeoning Market Opportunity SANTA MONICA, Calif.--(BUSINESS WIRE)--Jan. 6, 1999--Osicom technologies, Inc. (NASDAQ:FIBR - news), a market leader in Metro DWDM (Dense Wave Division Multiplexing), today announced the opening of four new sales, marketing, and technical support offices in Europe, substantially increasing the Company's presence in the burgeoning European Metro DWDM market. The new offices will be located in Paris, Madrid, Milan and Zurich, providing an expanded base from which to launch Osicom's GigaMux™ Metro DWDM Europe-wide. Without changing the in-place fiber optic infrastructure, GigaMux can increase bandwidth by up to 32 times. To date, Osicom has operated and served its European customers from its United Kingdom base located in Windsor. Osicom Chairman and CEO Par Chadha commented, ''Our goal is to become the dominant Metro DWDM player in the world. Aggressive expansion into Europe will help ensure that we capture a significant share of this market. These new offices will serve as the foundation for our ongoing European market expansion and will help leverage our strong and growing customer bases in Spain, Belgium, and Switzerland. To support our expansion,'' Chadha continued, ''we will grow our current base of fifty-five European sales and technical support representatives to eighty over the next six months by adding sales and service personnel handpicked for their commanding knowledge of our prospective customer base.'' ''With its web of interconnected metropolitan areas, Europe presents an excellent market opportunity for Osicom,'' says Mike Cawley, Osicom European Managing Director. ''Europe's telecom industry is deregulating rapidly, giving birth to many new service providers, each representing a potential Metro DWDM customer. Also, the growth in data traffic fueled by the Internet is spurring demand for bandwidth. Laying new fiber every time more bandwidth is needed is not a viable option in Europe's aged cities -- stringent regulations and hefty costs see to that. Therefore, Metro DWDM is the clear choice for creating abundant bandwidth in Europe.'' GigaMux Product Line Osicom's GigaMux line of DWDM transforms a single fiber from a dedicated, single-application medium into a versatile conduit capable of simultaneously transporting up to 32 independent optical channels. It increases the total bandwidth of a single fiber from 2.5 Gbps to 80 Gbps. GigaMux supports fault tolerant DWDM rings as well as point-to-point network configurations. It is protocol transparent and data rate independent in the entire 51 Mbps through 2.5 Gbps range. GigaMux's breakthrough EPC™ optical and electronic sub-rate multiplexing technology provides 512 sub-channels with direct optical and electrical interfaces to customer premise equipment and carries voice, video and data traffic. Osicom's Dense Wave Division Networking (DWDN™) solutions enable direct optical interconnection of high-speed data and telecom equipment, such as multi-gigabit switches and routers, in campus and metropolitan area networks (MAN). DWDN removes protocol conversion steps, eliminating the network latency that is a key barrier to widespread deployment of IP telephony and real-time voice and video. Last conference call they were only hoping for 10% of the 1.2 billion dollar METRO DWDM market. Now their "goal is to become the dominant Metro DWDM player in the world" Just noticed that.