Applied Digital Access and Lucent Technologies Ink Sales Referral Agreement; Strategic Partnership Leverages Best-of-Class Testing Capabilities.SAN DIEGO--(BUSINESS EDITORS)--Sept. 21, 1998--Applied Digital Access 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 :ADAX) announced today that the company has signed a sales agreement with Lucent Technologies Inc. (NYSE NYSE See: New York Stock Exchange :LU) with respect to certain testing products. As a result, Lucent will be able to provide current customers with a cost-effective and seamless migration path from its Remote Measurement System (RMS) to ADA's Centralized Test System (CTS (1) (Clear To Send) The RS-232 signal sent from the receiving station to the transmitting station that indicates it is ready to accept data. Contrast with RTS. (2) (Common Type System) The data typing used in . ) product while maintaining their current Switched Access Remote Test System (SARTS SARTS Singapore Amateur Radio Transmitting Society SARTS Switched Access Remote Test System SARTS State Annual Report Template System SARTS Society for the Arts in Religious and Theological Studies SARTS San Antonio Radio Trunking System ) infrastructure. Additionally, the agreement will enable ADA Ada, city, United States Ada (ā`ə), city (1990 pop. 15,820), seat of Pontotoc co., S central Okla.; inc. 1904. It is a large cattle market and the center of a rich oil and ranch area. and Lucent to jointly offer a comprehensive testing solution when bidding on new opportunities. Applied Digital Access is a leading provider of Network Performance Management products that include systems, software, and services used to manage the quality, performance, availability, and reliability of telecommunications service providers' networks. These products enable telecommunications service providers to improve quality of service, increase productivity, and lower operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. . The company, with headquarters in San Diego, has product development and support facilities in Vancouver, British Columbia, Terre Haute, Indiana Terre Haute (IPA: [ˌtɛยทɹə ˈhoʊt]) is a city in Vigo County, Indiana near the state's western border with Illinois. , and Richardson, Texas. Press releases and other information about Applied Digital Access and its products and services are available at http://www.ada.com on the Internet. "Safe Harbor" 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: Except for historical information contained in this release, the preceding may contain forward-looking statements that involve potential risks and uncertainties as detailed in ADA's Annual Report on Form 10-K for the year ended 12/31/97, which include fluctuations in quarterly operating results, history of losses and the most recent 10-Qs, competition, concentration of major customers; telephone company qualification requirements, high dependence on two product lines, management of changing business, customer mergers, rapid technological change and dependence on new products, dependence on suppliers and subcontractors; high inventory levels and need to make advance purchase commitments, Year 2000 compliance, product recall, government regulation, potential competition from RBOCs, proprietary technology, dependence on key personnel and volatility of stock price. The company's actual results could differ materially from those discussed in this release. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof. The company undertakes no obligation to revise or update these forward-looking statements to reflect events or circumstances after the date of this release. |
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