Advanced Communications Technologies Announces LonWorks Remote Networking Gateway Technology.Business Editors/Technology Writers LonWorld 2000 IRVINE, Calif.--(BUSINESS WIRE)--Nov. 7, 2000 Releases New iEnable Gateway Product at "LonWorld 2000," Orlando Tradeshow Advanced Communications Technologies 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 Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ADVC ADVC Analog to Digital Video Converter ), today announced that its Australon subsidiary has initiated marketing activities in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. for iEnable, a new wireless remote networking product for the operation of a variety of LonWorks-ready applications and products. The company's iEnable Web-based product, developed in Australia, offers consumers a residential gateway device that enables connectivity, control, maintenance and demand-side management of LonWorks-ready appliances and devices for home and industrial use. A Gateway in Every Home in the USA... According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a new study by Parks Associates, reported in allNet Devices(TM) (http://www.allnetdevices.com/wired/news/2000/10/26/ residential_gateways.html), there will be 25 million installed residential gateways in the United States by 2005. "Every home in the U.S. will have at least one gateway, including either narrow or broadband connections by 2010," said Kurt Scherf, vice president of research at Parks Associates. In a recent independent study by Frost and Sullivan, the current North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. market for building automation control nodes alone is a U.S.$13.3 billion market and increasing rapidly. According to Allied Business Intelligence (www.alliedworld.com) the Home Automation market in the United States will grow from U.S.$3.2 billion in 2002 to U.S.$10.5 billion in 2008. "We're excited about the launch of the new iEnabled residential gateway into the U.S. market and its potential to provide significant revenue for the upcoming year," said Roger May, chief executive officer of Advanced Communications Technologies. What Is an "iEnable" Gateway? The iEnable Gateway provides an efficient and cost-effective solution for homeowners and industry through the integration of LonWorks technology and its open-systems architecture. Once installed in the home, the iEnable Gateway can provide a link to all electrical appliances, security, energy control and powered applications plugged into the home wiring grid that can utilize the Internet, mobile phones or PC-based applications as remote wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. link to control and operate these devices from outside the home. Cost of the new gateway device is less than $500. Australon recently showcased iEnable Gateway at the LonWorld 2000 conference and exhibition held in Orlando, Fla., two weeks ago. iEnable was well received by both the U.S. and European marketplaces. "Our iEnable product is targeting small networks customers, but also holds tremendous and exciting growth potential for the larger commercial and industrial applications. The introduction of this product highlights the company's overall commitment to developing innovative new technologies for the U.S. and world marketplace," said May. About the Company Advanced Communications Technologies Inc., the U.S.-based public company, owns the North, South, and Central American Central America A region of southern North America extending from the southern border of Mexico to the northern border of Colombia. It separates the Caribbean Sea from the Pacific Ocean and is linked to South America by the Isthmus of Panama. rights to SpectruCell, and also owns substantial equity (20 percent) in Advanced Communications Technologies (Australia) Pty Ltd PTY LTD Propriety Limited (company structure in Australia) ., the developer and owner of SpectruCell, and is also the owner of Advanced Network Technologies Pty Ltd. and Australon Enterprises Australia Pty Ltd., the developer of iEnable and a leading-edge technology company specializing in the development of LonWorks based applications. The foregoing contains forward-looking information within the meaning of 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. Such 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. involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized. |
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