AUGAT COMPLETES DELIVERY OF INITIAL PRODUCT SHIPMENTS TO KOREA; Company's Communications Products Division to Supply RF Amplifiers, Optical Nodes and Coaxial Connectors.MANSFIELD, Mass.--(BUSINESS WIRE)--July 10, 1995--Augat Inc. (NYSE NYSE See: New York Stock Exchange :AUG) today announced that its Communications Products Division has completed initial deliveries of RF amplifiers, optical nodes, and coaxial co·ax·i·al adj. Having or mounted on a common axis. coaxial Adjective 1. Electronics (of a cable) transmitting by means of two concentric conductors separated by an insulator connectors to be used in construction of Korea's new cable TV network. Augat's products were supplied to KEPCO KEPCO Korea Electric Power Corporation KEPCO Kansai Electric Power Company, Inc. (Japan) KEPCO Kyushu Electric Power Company, Inc. (Japan) , the Korea Electric Power This article is about Korean Electric Power Company. For the Japanese Electric Power Company, see Kansai Electric Power Company. Korea Electric Power (NYSE: KEP) is the only electric utility provider in South Korea. Corporation, via several partners based both in the U.S. and Korea. Initial deliveries totaled approximately $3,000,000. "We are pleased to have been selected by KEPCO for our innovative communications technology Noun 1. communications technology - the activity of designing and constructing and maintaining communication systems engineering, technology - the practical application of science to commerce or industry ," said William R. Fenoglio, Augat's chief executive officer. "This extensive network construction project is representative of the trends in communications within the rapidly advancing economies of Asia. Our participation in this project is consistent with our corporate-wide emphasis on seizing opportunities within the worldwide communications arena, particularly in Asia." Cable TV was launched in South Korea on March 1, 1995 with initial 100,000 homes passed. The government has authorized the development of a fiber optic network that will eventually pass every household in the country. Cable operators lease space on the cable network which is installed and owned by signal providers, and each operator owns and operates its own head-end and drop facilities. Korea Telecom KT (formerly, Korea Telecom, Korean: 한국통신, NYSE: KT) is South Korea's top integrated wired/wireless telecommunication service provider. KT has been Korea's leader in the development of the information & communications business for the last 25 years and KEPCO are the two signal providers currently operating in the country. Larry Buffington, vice-president and general manager of Augat's Communications Division, said, "The initial shipments made to Korea via our partners represent approximately 10 percent of the potential business available to Augat over the next five to seven years. We look forward to expanding our business in Korea and throughout Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. ." One of the largest manufacturers of connector products in the world, Augat Inc., is pursuing a strategy for growth in communications, automotive, computer and industrial markets through customer partnerships, new-product introductions, strategic acquisitions and ongoing productivity measures. CONTACT: Ellen B. Richstone or Maureen Wolff-Reid Chief Financial Officer Vice President Augat Inc. Sharon Merrill Associates, Inc. 508/543-4300 617/262-1800 |
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