[0] Memotec Launches a First in Communications Networking Solutions.Business Editors MONTREAL--(BUSINESS WIRE)--May 25, 2000 Memotec Communications Inc. (Memotec) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :MCM (MultiChip Module or MicroChip Module) A chip package that contains several bare chips mounted close together on a substrate (base) of some kind. .) announced today the launch of its New CX Series, a first in a line of communications A route, either land, water, and/or air, that connects an operating military force with a base of operations and along which supplies and military forces move. Also called LOC. See also base of operations; route. networking solutions to offer seamless delivery of services over a single platform, independent of transport infrastructure (IP, ATM, Frame Relay, ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. ). "Worldwide deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. is spurring the growth of new service providers offering low cost integrated services over a variety of backbone infrastructures. Providing delivery of these services independent of backbone infrastructure, while assuring Quality of Service (QoS), will enable Memotec to compete aggressively in this space," explains Memotec's President, Mark Silverman. These benefits are made possible by the New CX Series' unique service architecture and interoperability. Maximizing Opportunities in the Pacific Rim And Around the World Companies worldwide are moving towards applications such as Enterprise Resource Planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. (ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. ), Voice over IP, or Distributed Call Centers, which can be supported more efficiently by an integrated voice data infrastructure. The New CX Series enables these new applications by supporting distributed PBX (Private Branch eXchange) An inhouse telephone switching system that interconnects telephone extensions to each other as well as to the outside telephone network (PSTN). functions over ISDN, robust IP routing support, and gatewaying of Voice over IP to worldwide PSTN (Public Switched Telephone Network) The worldwide voice telephone network. Once only an analog system, the heart of most telephone networks today is all digital. In the U.S. requirements. Distributed PBX architectures allow a network of PBX's to act seamlessly as a single entity, while the robust IP support coupled with Memotec's Voice over IP implementation allows voice calls to be carried over IP infrastructures anywhere in the world. These features, and others, enable customers to address new worldwide opportunities and to manage and grow their business. "In the Pacific Rim, we have seen an increase in demand for call centre solutions, and interactive voice response systems," says Bob Adhar, Memotec's Regional Sales Director for Australia and South Asia. "Early adoptors of new technology will be able to achieve a strategic advantage which is becoming ever so important in our globalized economy." Reducing costs and increasing productivity Memotec's New CX Series enables telecom carriers and corporate customers to integrate their voice and data traffic, and hence dramatically reduce line costs. With a relatively low up-front investment, customers get a complete networking solution that does not require add-ons. "We are banking on the belief that customers want to avoid the surprise of a bunch of expensive add-ons after their initial investment. And the New CX Series offers a scalable solution that gives customers the reassurance that their investment is good for today and tomorrow," says Jacques Bitton, Memotec's Director of Marketing and Development. "Memotec has been present at every step of the telecommunications network evolution so we have been well-positioned to support next generation infrastructures such as Asynchronous Transfer Mode See ATM. (communications) Asynchronous Transfer Mode - (ATM, or "fast packet") A method for the dynamic allocation of bandwidth using a fixed-size packet (called a cell). See also ATM Forum, Wideband ATM. ATM acronyms. Indiana acronyms. (ATM) and Internet Protocol (IP)." About Memotec Memotec Communications Inc. is a networking company that provides data, voice and video convergence solutions for telecommunications carriers, Internet service providers and corporate customers. Its product line of access devices and edge switches provides consolidation of multiservice traffic over packet-based and cell-based networks such as Frame Relay, Internet Protocol (IP), and Asynchronous Transfer Mode (ATM). Memotec's mission is to enable customers to lower operational costs and increase productivity by consolidating voice and data over a common infrastructure. With offices around the world, and more than 100,000 products installed in over 94 countries to date, Memotec serves the diverse and specialized needs of customers in Latin America, North America, Europe, Asia and the Pacific Rim. Memotec Communications Inc. is based in Montreal, Canada and is listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (MCM). Note: The statements contained in this announcement are based on the state of the art data information compiled by Memotec as of the date of this announcement. |
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