Artel Gains Momentum, Makes Key Staff Appointments, Closes Financing Round, Records Wins in European and U.S. Markets.Business/Technology Editors MARLBOROUGH, Mass.--(BUSINESS WIRE)--Nov. 13, 2000 Video networking systems manufacturer ramps up production of next generation products Artel Artel (Russian: арте́ль) is a general term for various cooperative associations in Russia, historical and modern. has shipped its first orders for its new Cross Stream product line to European and U.S. customers. The Cross Stream product line is a series of video networking devices that enable the transmission of digital television and interactive TV over ATM (asynchronous transfer mode See ATM. (communications) Asynchronous Transfer Mode - (ATM, or "fast packet") A method for the dynamic allocation of bandwidth using a fixed-size packet (called a cell). See also ATM Forum, Wideband ATM. ATM acronyms. Indiana acronyms. ) networks. The Cross Stream product line enables packet-based networks to transport digital video programming along with traditional voice and data services, thus simplifying networks and setting the stage for providing interactive television, video-on-demand and digital broadband entertainment services. "With these first sales of Cross Stream, we have secured a place in the rich media infrastructure market," said Michael Riley ''This page is about Michael Riley, Canadian actor. Click here for Michael Riley, the Australian artist. Michael Riley (born February 4, 1962 in London, Ontario) is a Canadian actor and graduate of the National Theatre School in Montreal, Canada in 1984. , vice president of marketing for Artel. "As the market demand increases for enhanced television Enhanced Television (ETV) is a collection of specifications developed under the OpenCable project of CableLabs (Cable Television Laboratories, Inc.) that define an ETV Application consisting of resources (files) adhering to the Enhanced TV Binary Interchange Format (EBIF) content transport, Artel will provide key infrastructure elements in the world-wide multimedia delivery networks. " Key technical staff appointed Artel has appointed three video networking industry veterans to key technical positions. As vice president of engineering, Chet Gapinski will direct engineering operations and will be responsible for all Artel's research and development activities. Gapinski was previously vice president of engineering at Media100 and has over 20 years of hardware, software and systems engineering experience. Tom Nery, as the newly appointed director of software engineering, will lead the team responsible for the direction of the company's software strategy. Nery comes to Artel with 16 years of telecommunications experience. During that time he successfully developed network management systems and software for wide area network (WAN) technologies. John Amaral, who has led the architecture, development, and delivery of the Cross Stream product, has been appointed as chief technical officer and director of hardware engineering. Amaral will champion Artel's forward looking technology strategy, as well as managing the hardware engineering team. "With the appointment of these three outstanding and seasoned technical professionals, I am confident that Artel is well positioned to take advantage of the gains we have made in launching the Cross Stream to market," said 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. Hal Charnley. "With a solid technical team, Artel will continue to innovate ahead of the curve." (See recent press release on www.artel.com for additional information.) New investment for growth To support the strategy of aggressive product innovation and market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" , Artel has received $10.5 million in new investment from Liberty Mutual, Boston University's Community Technology Fund and current investors. Artel CFO See Chief Financial Officer. Paul Murphy Paul Murphy could refer to:
About Artel Video Systems Artel provides video networking systems to cable TV and telecommunications service providers A Telecommunications Service Provider or TSP is a type of Communications Service Provider that has traditionally provided telephone and similar services. This category includes ILECs, CLECs, and mobile wireless companies. who need to satisfy the consumer's ever growing appetite for broadband digital entertainment. Artel's products are transforming the world's networking infrastructures by enabling the transmission of broadcast and interactive TV over standards based multi-service networks. Artel is headquartered in Marlborough, Massachusetts Marlborough is a city in Middlesex County, Massachusetts, United States. The population was 36,255 at the 2000 census. The name of this town is sometimes spelled as Marlboro, rather than Marlborough, which is the official spelling. , USA, with sales and service centers worldwide. Further information about the company is available on the World Wide Web at www.artel.com. |
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