Actiontec Partners With Tut Systems To Provide Internet Access and Home Networking to Multiple Dwelling Units.SUNNYVALE, Calif.--(BUSINESS WIRE)--June 14, 1999-- Alliance With Tut Systems Brings High Performance Cost Effective Networking and Internet Access See how to access the Internet. to Campuses, Apartments, and Hotels Actiontec Electronics Actiontec Electronics, Inc. is a company headquartered in Silicon Valley, California, that designs and sells networking and broadband equipment. They are best known for the Actiontec MI424WR router that is given to Verizon customers. , Inc., a leading manufacturer of data communication products, and Tut Systems 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 : TUTS TUTS Theatre Under the Stars (Houston, Texas) TUTS True Ultimate Tensile Strength ), a developer of high speed data connectivity solutions over copper wire, today announced a strategic alliance to extend the use of Actiontec's ActionLink(TM) Home Networking/Ethernet Combo Card Typically refers to an Ethernet network adapter that has two or three connectors (twisted pair and/or BNC and/or AUI). See Ethernet. to the Multiple Dwelling Unit (MDU (1) (Multiple Dwelling Unit) A commercial or residential building with multiple offices or apartments. See BLEC. (2) (Multiply-Divide Unit) A high-speed circuit that performs multiplication and division within the CPU. ) market. The agreement will provide cost-effective home networking and high-speed Internet See broadband. access solutions to hotels, campuses, and apartment houses. Tut Systems is a leading provider of high speed Internet access systems for the multiple dwelling unit market. Under the terms of the agreement, Tut's MDU customers, who are using Tut's Expresso MDU systems to deploy high speed Internet access to its properties, can utilize Actiontec's ActionLink Home Networking/Ethernet Combo Card equipped on the customer's PC or multiple PCs in the apartment or hotel unit. Actiontec's card combines the easy-to-use ActionLink home networking system and a high-performance Ethernet PC card into a single card solution that uses just one expansion slot A receptacle inside a computer or other electronic system that accepts a printed circuit board. The number of slots determines future expansion. See PC data buses. (hardware) expansion slot - A connector in a computer into which an expansion card can be plugged. . With this powerful all-in-one PCI (1) (Payment Card Industry) See PCI DSS. (2) (Peripheral Component Interconnect) The most widely used I/O bus (peripheral bus). interface card, users can utilize existing telephone lines to connect multiple PC's and peripherals to each other and to the Internet, or they can use the same card for connection to an Ethernet network. "The ActionLink home networking system has already seen great acceptance in households across the nation," commented Dean Chang, 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. for Actiontec. "Since Tut Systems is the leader in the MDU market, they are an ideal partner to jointly deliver the convenience and power of telephone wiring-based home networking and high speed Internet access to apartment dwellers, students, faculty, and hotel guests." Tut Systems specifically designed systems from the ground-up to deploy high-speed Internet access to MDUs. Tut's Expresso MDU systems allow property owners to derive revenue from existing, under-utilized asset in the building - the telephone wires - thereby increasing the value of their properties. The Expresso MDU high performance network access is delivered at speeds of 1 Mbps and distances of up to 2,000 feet using existing telephone wiring See twisted pair. without interfering with normal phone service. The Expresso MDU system is designed to be located in a basement or wiring closet The central distribution or servicing point for cables in a network. See MDF and wire center. where it delivers high-speed Internet access to individual PC's equipped with the ActionLink Home Networking/Ethernet Combo Card. Part of Actiontec's expanding ActionLink home networking product line, the Plug-n-Play card eliminates the expense and inconvenience of running dedicated networking cables. Assuring interoperability with the Expresso and other phone line networking products, the ActionLink Home Networking/Ethernet Combo Card is HomePNA (Home Phoneline Networking Alliance (communications, networking, protocol, standard) Home Phoneline Networking Alliance - (HomePNA) A non-profit association of more than 100 technology companies working together to ensure adoption of a phone line networking standard which should provide high-speed, affordable home ) compliant. The card supports all popular Internet applications, including Web browsing, E-mail, newsreaders, multi-player games and more. "Actiontec has established itself as one of the early technology and marketing leaders in the home networking market, and their ActionLink Home Networking/Ethernet Combo Card is a unique all-in-one connectivity solution," stated Sal D'Auria, president and CEO of Tut Systems. "As we see the demand for high speed Internet access services increase, this new partnership helps us fulfill MDU tenants' needs for high-speed affordable Internet access and computer networking
Computer networking is the engineering discipline concerned with communication between computer systems or devices. without the expense and inconvenience of installing new wiring." About Tut Systems, Inc. Tut Systems (NASDAQ: TUTS) designs, develops and markets advanced communications products which enable high-speed data access over the copper infrastructure of telephone companies, as well as the copper telephone wires in homes, businesses and other buildings. These products incorporate Tut's proprietary FastCopper technology in a cost-effective, scalable and easy to deploy solution to exploit the underutilized bandwidth of copper telephone wires. The Company's products include Expresso high bandwidth access multiplexers, associated modems and routers, XL Ethernet extension products and integrated network management software. Tut's HomeRun technology, an in-home application of FastCopper, has been chosen by the Home Phoneline Networking Alliance (HomePNA) as the initial specification for in-home networking over phonelines. Tut Systems' common stock is traded on the NASDQ under the symbol TUTS. For more information, visit Tut's World Wide Web site at http://www.tutsys.com or contact Tut's U.S. headquarters directly at 925/682-6510 or 800/998-4888. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 for Tut Systems, Inc.: Various matters set forth in this press release, such as statements relating to the expected performance characteristics, specifications, market acceptance, market growth, specific uses and market position of Tut Systems, Inc. and its products are forward-looking statements. These statements are subject to risks and uncertainties, including without limitation, the price/performance requirements of customers, the ability of Tut Systems to sell products, the impact and pricing of competing technologies, the introduction of alternative technological solutions and other risks detailed from time-to-time in Tut Systems' SEC filings and reports. NOTE TO EDITORS: For more information (including pictures in electronic or slide form) or to arrange interviews or product reviews, please contact Sterling Communications at: 408/441-4100. Tut, the Tut logo, HomeRun and Fast Copper are trademarks of Tut Systems, Inc. All other products or company names mentioned are used for identification purposes only, and may be trademarks of their respective owners. About Actiontec Actiontec Electronics, Inc. is a significant global player in the data communications marketplace. The company's product line includes a complete line of Home Networking products, Mobile and Desktop Fax/Modems, and Ethernet cards, as well as Internal and External PC Card Read/Write Drives for SmartMedia, CompactFlash and ATA Flash PC Cards. Actiontec products have been recognized with a Best of Show award at Retail Xchange, the Editors Choice award from CNET's computer.com, and an Editors Choice award from Computer Retail Week. Actiontec products are available through national distribution and retail outlets as well as through private label and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and relationships. The company is headquartered in Sunnyvale, CA, and maintains branch offices in Philadelphia, PA, Government Sales in Arlington, VA, and International Sales in Irvine, CA. Actiontec's ActionLink Home Networking Kits are available through retail outlets nationwide. For more information contact 408/541-9003 or visit http://www.actiontec.com. Actiontec, the Actiontec logo, ActionLink, and DynaNAT are trademarks of Actiontec Electronics, Inc. All other product names and trademarks are the property of their respective holders. |
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