ACT Networks Receives $2 Million Order From Korea for Its New Netperformer Product Integrated Access Device.CAMARILLO, Calif.--(BUSINESS WIRE)--Nov. 19, 1997--ACT Networks, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ANET) today announced that it has received a purchase order from the company's Korean distributor, Korea Data Communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. Corporation (KDC KDC Key Distribution Center KDC Katholiek Documentatie Centrum KDC Kerrier District Council (UK) KDC Kodak Digital Camera format (file extension) KDC Kurt Donald Cobain ), worth over $2 million. The order is for ACT's new NetPerformer SDM-9400 Integrated Access Devices which will be used by National Agricultural Commercial Federation (NACF NACF National Agricultural Cooperative Federation (Korea) NACF Navy Air Combat Fighter NACF Network Attachment Control Function NACF Native American Christian Fellowship ), South Korea's largest cooperative agricultural banking institution, to continue expanding and enhancing its integrated private Frame Relay A high-speed packet switching protocol used in wide area networks (WANs). Providing a granular service of up to DS3 speed (45 Mbps), it has become popular for LAN to LAN connections across remote distances, and services are offered by most major carriers. network. NACF's Request for Proposals in September 1996 resulted in performance comparison testing at NACF between ACT and its direct competitors. ACT's $2 million win is a result of this testing and represents the initial start of the network implementation phase for NACF. It is anticipated that this integrated Frame Relay network will connect all of NACF's branch offices nation-wide and require two years to install. "We are very pleased to receive this latest order through our Korean distributor KDC. It represents the continuation of our strong, on-going relationship," said Martin Shum, Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ACT Networks. "We see the purchase and implementation of our newest NetPerformer product as yet another testament to the market's recognition of ACT's state-of-the-art technology and believe we will continue to see strong opportunities in the Korean marketplace." As previously announced on Sept. 16, 1997 and on July 29, 1997 in the company's fourth quarter earnings announcement, ACT Networks received two $1 million purchase orders for its new NetPerformer SDM-9400 and SDM-9300 product lines from the Industrial Bank of Korea The Bank of Korea is the national central bank of the Republic of Korea (South Korea). It was established on June 12, 1950 in Seoul. History The Bank of Korea, the central bank of the Republic of Korea (South Korea) was established on June 12, 1950 under the Bank of Korea (IBK IBK see infectious bovine keratoconjunctivitis. ) and from Kyobo Insurance located in Korea, respectively. -0- This press release may contain forward-looking statements regarding future events and future financial performance of the company. These statements are only predictions and actual events or results may differ materially as a result of a number of factors including, without limitation, the factors discussed in the company's last Reports on Forms 10-K and 10-Q under "Risk Factors" and the risks associated with the possibility that the market for the company's products will not continue to develop or that the company's products and capabilities will not address emerging market needs; the effect of increased competition; changing technologies, product obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. and new product developments; the loss of significant customers; the company's ability to effectively integrate acquisitions; the company's ability to manage its growth; international sales, tariff and regulatory matters; reliance on third party suppliers and on resellers for distributing its products; and the Company's ability to retain key personnel and to adequately protect its proprietary technology. -0- ACT Networks, Inc. develops, manufactures, and markets fast packet wide area network access products which support a broad range of voice, data and integrated network applications. The company is focused on three strategic markets: enterprise networks (NetPerformer(TM)), satellite networks (SkyFrame(TM)) and carrier networks (ServiceXchange(TM) and DynaStar(TM)). ACT Networks is also the architect of Unified Access Architecture (UAA UAA ochre codon, one of the three stop codons. ), a network system implementation. End users and service providers worldwide use the company's products to build cost-effective, bandwidth efficient, easy-to-manage wide area networks (WANs). The company's products incorporate advanced voice and data compression algorithms, switching capabilities and proprietary integration technologies. CONTACT: ACT Networks, Inc. Martin Shum or Melvin L. Flowers, 805/388-2474 or Morgen-Walke Associates Chris Danne or Jeannine Lewan, 415/296-7383 Sandra Badurina, 212/850-5600 Josh Passman, 212/850-5698 |
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