ADC, Nokia To Develop International Interfaces For HFC Platform; Effort will provide solutions for expanding global cable TV and telecom markets.GENEVA--(BUSINESS WIRE)--Oct. 5, 1995--ADC Telecommunications, Inc., and Nokia Telecommunications, the infrastructure arm of Finland-based Nokia Corporation, have signed a definitive agreement to jointly develop product solutions for the global cable TV and telecommunications markets. The two companies signed the agreement in Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. , Switzerland, thereby formalizing their intention to cooperate on the product development initiative first announced last May. These solutions will be based on ADC's Homeworx(TM) hybrid fiber/coax broadband access platform and Nokia's ACM (Association for Computing Machinery, New York, www.acm.org) A membership organization founded in 1947 dedicated to advancing the arts and sciences of information processing. In addition to awards and publications, ACM also maintains special interest groups (SIGs) in the computer field. 2 access products. The cooperative effort includes, among other aspects, the joint development of interfaces for ETSI (European Telecommunications Standards Institute, Sophia Antipolis technical park, Nice, France, www.etsi.org) A non-profit membership organization founded in 1988, dedicated to standardizing information and communication technologies (ICT) throughout Europe. standard countries. The agreement also includes reciprocal marketing arrangements between Nokia and 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. , and the companies also intend to jointly develop next-generation broadband platform solutions. "The combined resources of Nokia and ADC will enhance the globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation of the Homeworx platform as an integrated voice, data and video solution," said William J. Cadogan, ADC's 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. . "This agreement appears to be an ideal match of technology, resources and geographic presence that will strengthen the network offerings of both companies." As Kari Suneli, senior vice president, access systems, Nokia Telecommunications, noted when the 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. was signed last May, "The cooperation between Nokia and ADC represents interesting business opportunities worldwide for both companies. It further strengthens Nokia's leading position in telecommunications applications for the cable TV market." The ACM2 is a new two megabit-per-second primary rate multiplexer family, designed with the emphasis on telephone subscriber needs and small business access applications, such as voice and data services. The ACM2 is ideally suited for integration into ADC's Homeworx platform. The ACM2 has been available in the United Kingdom market since the beginning of 1995, allowing operators to deliver and maintain high-quality voice and data services with comprehensive management control and configuration facilities. 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 1. (networking) HFC - Hybrid Fiber Coax. 2. (hardware) HFC - hydrofluorocarbon. 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, SNET n. 1. The fat of a deer. v. t. 1. The clear of mucus; to blow. and Time Warner. Nokia is a Finland-based telecommunications group with net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight in 1994 of US $6.3 billion and personnel numbering 31,000 people. Nokia comprises three business groups: Nokia Telecommunications, Nokia Mobile Phones and Nokia General Communications Products. Nokia is a leading transmission supplier in Europe and has been working with the UK cable TV telephony industry since 1989. Nokia's shares are traded on the Helsinki, New York, London, Paris, Frankfurt and Stockholm stock exchanges. ADC Telecommunications, Inc., is a leading supplier of transmission and networking systems used to deliver voice, data, video and wireless services. The company holds a preeminent 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. Fiscal year 1994 revenues were US $448.7 million. Homeworx is a trademark of ADC Telecommunications, Inc. CONTACT: ADC Telecommunications Lynne High, 612/946-3136 612/946-3405 (fax) or Nokia Telecommunications Arja Suominen, 358 0 5112 5515 (office) 358 50 040 2698 (mobile) |
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