Accord Networks Commits to Maintain Support for PictureTel Endpoints.Business Editors ANAHEIM, Calif.--(BUSINESS WIRE)--Dec. 7, 2000 Accord Networks (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 : ACCD ACCD Alamo Community College District (Texas) ACCD Art Center College of Design (Los Angeles, California) ACCD Alberta Committee of Citizens with Disabilities (Canada) ), the leading provider of advanced network switching systems Switching systems (communications) The assemblies of switching and control devices provided so that any station in a communications system may be connected as desired with any other station. for interactive visual communications, today announced its commitment to continue to support video endpoints from PictureTel, following the announcement that Polycom, (NASDAQ:PLCM PLCM Product Life-Cycle Management PLCM public long code mask PLCM Public Land Code Mask ), a worldwide leader in broadband communications solutions, will acquire Accord. Accord(R) is a major strategic supplier of bridging technology to many of the industry's leading endpoint developers. Accord underscored its commitment to support PictureTel's iPower integrated collaboration architecture. Currently, Accord bridges are a component in PictureTel's first iPower offering, the PictureTel 900 Series that debuted July 2000. "The interactive visual communication market has enormous potential for growth," said Jules L. DeVigne, chairman 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 Accord Networks. "Moving forward, our goal is unchanged. Accord will strive to support all video endpoints and remains committed to developing standards that fuel this growth by delivering innovative solutions in switching technology." "Recent initiatives at PictureTel underline our commitment to focus on our competency in developing and delivering integrated collaboration endpoint solutions," said Lew Jaffe, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. (COO) at PictureTel. "As we continue to roll out our iPower solution set, we draw on best-in-class partners to access critical infrastructure technology. We applaud Accord for its commitment to its multi-vendor strategy." About Accord Networks Accord Networks Ltd. is the leading manufacturer of video and voice network products for the converged network The integration of the telephone system with IP-based data networks. See softswitch. (networking) converged network - A single network that can carry voice, video and data. . Accord develops and markets the V2IPERA product family-a line of network infrastructure servers that empower rich-media communications over IP, ATM, and circuit-switched network environments. Additional information about Accord Networks may be found at www.accordnetworks.com. Accord is a registered trademark and V2IPERA is a trademark of Accord Networks. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, delay in product development, general business conditions in the industry, changes in demand for products, the timing and amount or cancellation of orders and other risks detailed from time to time in Accord Networks' filings with the Securities and Exchange Commission, including Accord Networks' Form F-1 registration statement. |
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