Amedia Announces First U.S. Shipment of Outdoor Home Gateways.EATONTOWN Eatontown, borough (1990 pop. 13,800), Monmouth co., E central N.J.; inc. 1926. A residential borough, it is named for Thomas Eaton, who built a gristmill there c.1670. The mill's site is a landmark. Fort Monmouth (est. 1917), a U.S. army base, is in Eatontown. , N.J. -- Amedia Networks, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AANI), a provider of home gateways and switched Ethernet An Ethernet network that is controlled by a switch instead of a shared hub. The switch cross connects all clients, servers and network devices, giving each sending-receiving pair the full rated transmission speed. ultra-broadband solutions, today announced its first shipment of its outdoor Home Gateway product to a U.S. customer. Commenting on the event, Frank Galuppo, 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. of Amedia stated, "The first revenue associated with a product shipment, and which will be reflected in our second quarter results, is a significant milestone for our company. It validates that our products work as advertised and provide the promised value to our customers." Mr. Galuppo went on to note that "Home Gateways of this type will play a major role for service providers as they need to manage the increasingly larger volumes of traffic and diverse services into the homes of their subscribers. The market for Home Gateways is projected to grow over the next several years, reaching $1.5 billion per year in the U. S. by 2009. We are proud to be one of the first to ship products of this kind to a U. S. customer." About Amedia Networks, Inc. Amedia designs and develops single family, building, and other ultra-broadband service gateways and switched Ethernet solutions. These secure and flexible solutions are used by network operators deploying Fiber-to-the-Premises, Fiber-to-the-Building, or Fiber-to-the-Node infrastructures to offer their residential and business subscribers high-speed data, IP video, and Voice over Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. (VoIP) services in a highly cost effective manner. For more information about Amedia Networks, please visit www.amedia.com. This press release may contain "forward-looking" statements as that term is defined in 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. A number of factors could cause Amedia's actual results to differ from anticipated results expressed in 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. . Such factors are addressed in Amedia's filings with the Securities and Exchange Commission (available at www.sec.gov). Amedia assumes no obligation to update any forward-looking statements. |
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