Amedia Signs Agreements with Two Leading Value Added Resellers In Korea; QoStream(TM) Products Viewed as Ideal Platform for the World's Most Broadband Connected Country.EATONTOWN, N.J. -- Amedia Networks, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AANI), a provider of 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 for the Triple Play Access Market, today announced that it has separately reached agreements with Tellord Company and Sejong Network Technologies to distribute Amedia's QoStream products to Korean-based customers. Founded in 1996, Tellord provides systems integration services and devices for the broadband networking, satellite broadcasting, mobile, telemetry telemetry Highly automated communications process by which data are collected from instruments located at remote or inaccessible points and transmitted to receiving equipment for measurement, monitoring, display, and recording. , and intelligent building industries. They count many of the leading carriers in Korea among their customers. Their agreement with Amedia encompasses the reselling of the QoStream products within the Korean carrier and public networking markets. Additional information about Tellord can be found at http://www.tellord.com/ SejongNT began its operations in 1997 in the digital home networking business, and has subsequently expanded into cable and other networking areas - including, since 2002, the Fiber-to-the-Premises business. Over the years, SejongNT has provided its customers with the high-yielding and infallible optical network products at a very competitive price level. Their mission is to offer the most advanced, cost-effective, easy to use, and adaptable products in the industry. It is in this context that they have contracted with Amedia to position the QoStream products within the Korean Cable / MSO (1) (Multiple System Operator) Typically refers to a cable TV organization that owns more than one cable system, but it may refer to an operator of only one system. industry as well as with real estate developers. Additional information about SejongNT can be found at http://www.sejongnt.com/english/index_en.htm Commenting on these agreements, 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, "Both Tellord, and SejongNT possess a superb marketing and distribution capability within Korea. This country, which has the highest penetration of broadband services of any country in the world, is primed for the kind of services and capabilities that solutions such as ours enable. I believe that both Tellord and SejongNT recognize this, and are the ideal set of Value Added Resellers See VAR. (company) value added reseller - (VAR, or "value added retailer") A company which sells something (e.g. computers) made by another company (an OEM) with extra components added (e.g. specialist software). to help make this enhanced, ultra-broadband service capability a reality." Mr. Sangmook Lim, Managing Director of the Service Providers Business Unit for Tellord stated, "Amedia's solutions offer a truly carrier-grade and cost-effective means to provide the kind of high bandwidth, triple play services that are in demand by Koreans. We look forward to a very fruitful relationship with Amedia." A representative from SjeongNT echoed similar sentiments. About Amedia Networks, Inc. Amedia designs, develops, and implements switched Ethernet solutions for the ultra-broadband access market. These secure and flexible solutions are used by network operators deploying Fiber-to-the-Premises (FTTP (Fiber To The Premises) The installation of optical fiber from the carrier directly into the home or office. Also called "fiber to the home" (FTTH). See PON and FTTC. See also FTP. ) and/or Fiber-to-the-Node (FTTN (Fiber To The Neighborhood or Fiber To The Node) See FTTC. ) infrastructures to offer their residential and business subscribers high-speed data, 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. 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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