[0] NeTrue and LGIC to Market Wide-Band VSAT to Korea.Business Editors & High-Tech Writers FREMONT, Calif.--(BUSINESS WIRE)--July 26, 2000 NeTrue Communications Inc. ("NeTrue") (CDNX CDNX See Canadian Venture Exchange (CDNX). :NTU NTU - Network Termination Unit .U) announced that its division, Vipersat Networks and LG Information & Communications Ltd. ("LGIC LGIC Ligand Gated Ion Channels (cell signalling) LGIC Line Group ISDN Controller ") have entered into a Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. ("MoU") to develop, market and distribute wide-band multimedia satellite communications networks to the Korean market. Under the terms of the MoU, NeTrue and LGIC are committed jointly to developing a business plan and concluding a binding agreement for the provision of multimedia, Internet and telephony services to LGIC's Korean customers utilizing Vipersat Networks' DVB (Digital Video Broadcasting) An international digital television (DTV) standard that is the European and Far Eastern counterpart of the North American ATSC standard. (Digital Video Broadcast) two-way IP over-satellite solution. LGIC is to specify the requirements of the networks and NeTrue is to supply network hardware and software. Both companies undertake to support the venture's marketing efforts. "As a major player in the Korean telecommunications market and a leader in advanced wireless communication products, LGIC is driven to provide the highest quality products and services expected by its customers," said Sang-Sup Kim, general manager of LGIC's Satellite Business Unit. "With the rapid expansion of the Internet and other multimedia communications, the capacity to deliver wide-band services throughout Korea is central to LGIC's vision. Our alliance with NeTrue and the use of its Vipersat Network will enable LGIC to fulfill its mission while maintaining our reputation for technological excellence." "We are extremely pleased to be partnering with LGIC, one of the world's leading telecommunications and wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. companies, in bringing IP multimedia, over-satellite services to the Korean market," said Roger W. Kent, general manager of Vipersat Networks. "Our alliance with LGIC is further proof that our commitment to leading-edge two-way IP over-satellite and DVB technologies does provide the wide-band multimedia solutions demanded by today's telecommunications environment." The Vipersat DVB Multimedia Solution provides IP Ethernet routing via satellite utilizing a DVB outbound and a Star Data Management System (SDMS-II) return path. Vipersat provides low-cost, satellite communication networks ideal for Internet and Intranet access and for video teleconference and distance learning applications. About LG Information & Communications Ltd. Founded in 1979, LG Information & Communications, with headquarters in Korea, is an integrated information/communications manufacturing and marketing company with global operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. . LGIC's products include wireless communications systems, switching and transmission systems, and information systems. LGIC focuses on meeting its customer's communications needs by providing advanced technological solutions. About NeTrue Vipersat Network Division Vipersat Network Division has been a leading developer of VSAT (Very Small Aperture satellite Terminal) A small earth station for satellite transmission that handles up to 56 Kbits/sec of digital transmission. VSATs that handle the T1 data rate (up to 1.544 Mbits/sec) are called "TSATs. (Very Small Aperture Terminal (communications) Very Small Aperture Terminal - (VSAT) A kind of ground station used to contact a communications satellite such as INMARSAT. ) communications solutions for nearly 20 years. Vipersat produces and markets the Vipersat line of VSAT communications products. These products are built and optimized for IP, the powerful and flexible industry standard protocol for computer networking, which has allowed NeTrue to quickly develop voice, data, video and multimedia solutions customized for its individual clients. For more information visit www.vipersat.com. About NeTrue Communications NeTrue Communications is a publicly traded, California-based IP telephony solutions provider with core technical competencies in QoS management, network management and clearinghouse technology. NeTrue IPT IPT - IP Telephony BackOffice(TM) and NeTrue QoS(TM) provide operation and management support for IP voice networks. NeTrue's Commsent Solutions provides traffic management, clearinghouse and routing services to a global network of more than 85 communications providers. NeTrue can be found at www.netrue.com. Note to Editors: The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion