Second Award for NET+ARM from anIndustry-Leading Publication
March 10, 1999 07:29 AM
SANTA MONICA, Calif.--(BUSINESS WIRE)--March 10, 1999--
Osicom Technologies' Subsidiary NETsilicon Announces Award from Control Engineering Magazine
Osicom Technologies, Inc. FIBR announced today that its wholly-owned subsidiary, Waltham, MA-based NETsilicon(TM) Inc., received Control Engineering Magazine's 1998 Editors' Choice Award in recognition for its NET+ARM(TM) embedded networking product. NETsilicon believes its family of embedded networking system products, the NET+(tm) product line, is the first standards-based networking system to offer a single chip solution that, in conjunction with the physical interface and memory, encompasses all of the required hardware and software necessary to network-enable electronic devices. Selected from among all the new products featured in last year's issues of Control Engineering, Control Engineering International and Process Instrumentation Digest, NET+ARM was chosen based on its service to the industry, technological advancement and market impact.
Control Engineering reaches a circulation of 90,000 and in combination with Control Engineering International and Process Instrumentation Digest the total circulation is 200,000 readers. All three are prestigious publications in their vertical target markets. A spotlight on NET+ARM will be featured in the March issue and is available online at manufacturing.net.
NETsilicon President and CEO Cornelius "Pete" Peterson said, "We are gratified to receive this recognition from one of the industry's most influential publications serving the needs of the industrial automation and controls sector. This has been a prime target market for NET+ARM since its inception--one which we believe will benefit considerably from the open networking capabilities we bring to the table."
NET+ARM was also the recipient of IndustryWeek's Top 25 Technologies of the Year in December. That honor was part of IndustryWeek's Technology and Innovations Award Program and was based on reader nominations designed to recognize outstanding achievement in technology.
The NET+ Solution
NETsilicon develops and markets an embedded networking system based on its 15 years of experience in providing networking connectivity for a wide array of electronic devices. NETsilicon delivers an embedded networking system comprised of its NET+ software and application specific hardware in the form of integrated circuits or network interface cards.
About NETsilicon
NETsilicon, Inc. (or the "Company") develops and markets embedded networking systems. The Company's products are incorporated into the design of embedded systems to enable them to connect to and communicate over standards-based Local Area Networks ("LANs"), Wide Area Networks ("Was") and the Internet. Such network connectivity enables the development of wholly new embedded systems applications by enabling these devices to be controlled and monitored from a remote location. The Company believes its family of embedded networking system products, the NET+ product line, is the first standards-based networking system to offer a single chip solution that, in conjunction with the physical interface and memory, encompasses all of the required hardware and software necessary to network-enable electronic devices. The Company's technology is designed to have broad applicability and therefore may be incorporated into virtually any electronic device. The Company's products are currently contained in an array of imaging products, including printers, scanners, fax machines, copiers and multi-function peripherals manufactured by 20 original equipment manufacturers ("OEMs"), including Minolta Corporation, NEC Corporation, Sharp Corporation and Xerox Corporation. The Company's products are also in various stages of being incorporated by 43 OEMs into the design of products in other markets, such as industrial automation equipment, communication devices, data acquisition and test equipment, Internet devices and utility monitoring equipment.
For additional company, product or financial information, visit the NETsilicon Webster, www.netsilicon.com, or call toll free 888-NETARM4. For calls originating outside the United States, call 781-647-1234.
About Control Engineering
Control Engineering reaches more than 90,000 engineers in all industries who buy, specify, design, and maintain control and instrumentation systems for automated process and manufacturing solutions. With Control Engineering International, it covers the $130 billion worldwide market for controls, instrumentation, and automation systems.
NET+ARM is a trademark of ARM Limited and is exclusively sublicensed to Osicom Technologies, Inc.'s NETsilicon subsidiary. NETsilicon and NET+ are trademarks of NETsilicon, Inc. All other trademarks are the property of their respective owners.
Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the company's ability to develop, produce, and market products that incorporate new technology on a timely basis, that are priced competitively and achieve significant market acceptance; higher expenses associated with the development and marketing of new products; changes in product mix; risks of dependence on third-party component suppliers; inventory risks due to shifts in market demand; the presence of competitors with broader product lines and greater financial resources; intellectual property rights and litigation; needs for liquidity; and the other risks detailed from time to time in the company's reports filed with the Securities and Exchange Commission.
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