ADC, NetComm Strategic Alliance Approved; Investment furthers product development for high-speed cable modem technology.MINNEAPOLIS--(BUSINESS WIRE)--Nov. 13, 1995--ADC Telecommunications, Inc., and NetComm Limited have announced that ADC (1) See A/D converter. (2) (Apple Display Connector) A peripheral connector from Apple that combines digital video display, USB and power in one cable. has now made a $2 million investment in NetComm, a Sydney, Australia-based leader in developing telecommunications access services for computer-based communications. Approval of the Strategic Alliance Agreement was granted by NetComm's shareholders and Australia's Foreign Investment Review Board at a special September meeting. As a result of the investment, ADC holds a 15% equity stake in NetComm. Bob Yates, ADC's managing director for the Asia Pacific region noted, "This investment demonstrates another element of ADC's long-term industry development strategy for Australia. The potential worldwide sales opportunities for the new generation, clear-channel cable modem cable modem Modem used to convert analog data signals to digital form and vise versa, for transmission or receipt over cable television lines, especially for connecting to the Internet. products is significant, and this alliance strongly positions NetComm and ADC to move into the next generation of technology." "The investment by ADC will enable NetComm to more rapidly expand its development of hybrid fiber/coax cable technologies to support voice, video and 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. ," said Chris Howells, NetComm's group managing director. "In addition, ADC's established position in the international marketplace will provide us with opportunities to expand NetComm's market share worldwide." ADC and NetComm recently announced their agreement to jointly develop various cable modems for use with ADC's Homeworx(TM) hybrid fiber/coax (HFC 1. (networking) HFC - Hybrid Fiber Coax. 2. (hardware) HFC - hydrofluorocarbon. ) access platform. Based on market acceptance, the cable modems are scheduled for availability in mid-1996. The Homeworx platform transports both digital and analog broadband signals, as well as narrowband telephony and data services over a hybrid fiber/coax architecture to residential and small business customers. By installing the Homeworx HFC access platform, a service provider is well positioned to add telephony and data services in the future. The platform is being deployed by or has been in field trials with Ameritech, Cable Bahamas, Comcast, Cox Cable, Nynex, Optus Vision, Rochester Telephone Rochester Telephone Company (not to be confused with RTC of Rochester, Indiana) was for most of the 20th century, the sole phone company servicing Rochester and surrounding counties in upstate New York. , SNET n. 1. The fat of a deer. v. t. 1. The clear of mucus; to blow. and Time Warner Time Warner Inc. (NYSE: TWX), formerly known as AOL Time Warner, is the world's largest media and entertainment conglomerate headquartered in New York City, with major operations in film, television, publishing, Internet service and telecommunications. . ADC Telecommunications, Inc., is a leading US supplier of transmission and networking systems used to deliver voice, data, video and wireless services. The company holds a pre-eminent market position in physical connectivity products for fiber-optic, twisted-pair and coaxial networks. Wholly owned business units include ADC Fibermux, ADC Kentrox, ADC Video Systems and AOFR AOFR Assumption of Financial Responsibility . The company also operates international business units in Australia, Belgium, Canada, China, England, Mexico, Singapore and Venezuela. ADC estimates revenues of $583 million for fiscal year 1995; final revenues will be announced in mid-December. NetComm Limited is Australia's leading designer and supplier of hardware, software and telecommunication access services for PC communications and the Internet Information Superhighway. In its market segments, the company has always been an innovator and has previously completed major design and/or manufacturing contracts for Apple (USA), NTT NTT Nippon Telegraph and Telephone Corporation NTT New Technology Telescope NTT National Technology Transfer, Inc NTT Name That Tune (TV game show) NTT National Tree Trust NTT Number Theoretic Transform (Japan) and Telecom Research laboratories. CONTACT: ADC Telecommunications, US Lynne High, 612/946-3136 or NetComm, Australia Ross Rathmell, 61 (2) 878 7328 |
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