Advanced Communications Technologies Inc - Formation of Joint Venture - Australon, USA, Inc. in the United States.Business and Technology Editors NEW YORK--(BUSINESS WIRE)--Aug. 2, 2000 The Chief Executive Officer of Advanced Communications Technologies Inc (OTC-BB-"ADVC ADVC Analog to Digital Video Converter "), Roger May, today announced today that ACT Inc. (ACT USA) has formed a new joint venture company in the USA to market and distribute the full range of LONWORKS products currently developed by Australon Enterprises Pty Ltd PTY LTD Propriety Limited (company structure in Australia) in Australia. The new Delaware Corporation A Delaware corporation is a corporation chartered in the U.S. state of Delaware. Delaware is well known as a corporate haven, and thus, over 50% of US publicly-traded corporations and 58% of the Fortune 500 companies are incorporated in the state. named Australon (USA) Inc., will be owned 50% by Advanced Communications Technologies Inc and 50% by Australian based associate company, Australon Enterprises Pty Ltd. The new company has been formed to market and distribute an extensive range of LonWorks based network control products, currently being developed and manufactured by Australon Enterprises Pty Ltd. in Melbourne, Australia. The primary technology employed in Australon's products is LONWORKS, a technology developed by Echelon Inc. Echelon is a world leader in control networks utilizing the LONWORKS technology, and is also a leading supplier of infrastructure hardware and software to the device networking market. Australon has established an extensive base for sales of Australon products in Korea, Hong Kong and Singapore, and throughout the Asia Pacific region. Some of Australon's current and potential clients include Hyundai, Samsung, Korea Telecom An extensive product range is currently being developed by Australon, which will see innovative products brought to market over the next twelve months. Products include: Marine navigation products Low & high-powered radio transceivers Home Automation Products & Systems Digital and Analogue Input and Output Modules Home IP Gateway Programmable Logic Controller Module A range of remote medical monitoring devices Real Time Scheduler devices Palm Pilot Interface Wireless Traffic Monitoring System Wireless Remote Surveillance Cameras International recognition for Echelon, Inc's leading edge network technology continues to grow following a number of recent achievements. These include: January 1999 - Cisco Systems and Echelon Inc announce that Echelon has joined the Cisco Networks program which means Echelon will assist in creating a new iLon - Internet Protocol server. August -1999 - LONWORKS control networking technology was adopted as part of the new 1473-1999 standard for train communications in projects such as the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. transit, the New Jersey Rail Authority, Bay Area Rapid Transit “BART” redirects here. For other uses of "BART" or "Bart", see Bart. The San Francisco Bay Area Rapid Transit District (BART) is a heavy rail public rapid-transit system serving the San Francisco Bay Area. , the San Francisco Municipal railway The San Francisco Municipal Railway, or Muni as it is commonly known, is the public transit system for the city and county of San Francisco, California. In 2000, it served 46. and the RATP RATP Régie Autonome des Transports Parisiens RATP Reliable Asynchronous Transfer Protocol RATP Reste Assis T'es Payé RATP Rentre Avec Tes Pieds RATP Random Anti Terrorist Program Meteor Line in France. October 1999 - The United States Institute of Electrical and Electronic Engineers (IEEE (Institute of Electrical and Electronics Engineers, New York, www.ieee.org) A membership organization that includes engineers, scientists and students in electronics and allied fields. ) ratified LONWORKS as its official standard in America. January 2000 - Germany - The German LON LON Longitude LON League of Nations LON Local Operating Network LON Labyrinth of Nightmare (Yu-Gi-Oh cards) LON Launch on Need (International Space Station) LON London - All Airports USERS Group, that has 140 member companies, such as Siemens, Honeywell, and ADB (Apple Desktop Bus) A low-speed serial bus for connecting keyboards, mice and other input devices on Apple IIgs and Macintosh computers. Starting with the iMac in 1998, the ADB was superseded by USB. , etc. adopted the LONWORKS operating system as its standard. June 2000 - Echelon and the Italian utility Enel, the largest publicly traded electric utility worldwide, signed an R&D agreement to integrate the LONWORKS technology into the home utilizing the power grid as a network for remote metering system and DMS (1) (Document Management System) See document management. (2) (Defense Messaging System) An X.500-compliant messaging system developed by the U.S. Dept. of Defense. . The project is planned to be rolled out over a three-year period into 27 million Italian homes. February 2000 - following successful worldwide trials, Cisco Systems certified Echelon's iLon 1000 Internet Server, which will bring billions of everyday products into the Internet Protocol based intranet LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. or WAN. The objectives of the new USA based Australon (USA) Inc, are to generate considerable revenues by establishing a nationwide sales and distribution network in the Unites States for its full range of LONWORKS based products, while at the same time utilizing its technical resources in Australia to develop products specifically designed for the US marketplace. Mr. Lawrence Chan, Vice President & Managing Director ASIA/Pacific Region for Echelon, said that "he was delighted that Australon had decided to expand the marketing of its innovative range of new LONWORKS based products into the United States". Roger May said, " We believe Australon (USA) Inc. will be very successful in the United States, as the innovations being developed in Australia by Australon Enterprises using LONWORKS technology as a base, will mean we can satisfy many of the opportunities and demands for new applications we have already identified in the Americas. The foregoing contains forward-looking information within the meaning of The Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995. Such forward-looking statements 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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