Augat wins supply agreement from Optus Vision; Company's Communications Products Division to supply connectors for Australia's first commercial cable system in three major cities.MANSFIELD, Mass.--(BUSINESS WIRE)--Nov. 10, 1995--Augat Inc. (NYSE:AUG) today announced that its Communications Products Division has been awarded an agreement, valued at more than $15 million, to supply Optus Vision with connector products to be used in the building of Australia's first commercial cable television (CATV) system. The buildup of the hybrid fiber-coaxial network will encompass several major Australian cities including Sydney, Melbourne and Brisbane. The cable system went on-line on Sept. 20, 1995. The construction of the system is the first phase of Optus Vision's network that will eventually span thousands of kilometers of cable and be capable of serving approximately three million homes. "This agreement with Optus Vision further demonstrates that Augat's Communications Products Division is a growing presence worldwide," said Augat's Chief Executive Officer William Fenoglio. "We are pleased to have been selected for this historic commercial project as Optus Vision is helping to design the future of cable television in Australia. Augat will continue to play a major role in shaping the landscape for the future of cable-based communications services worldwide." Larry Buffington, vice-president and general manager of Augat's Communications Division said, "Optus Vision selected Augat for the quality of our products and for our ability to respond rapidly and effectively to the demands of this project. We look forward to working closely with Optus Vision and expanding our role in the Australian CATV market." Augat Inc. is a world-class supplier of interconnection technology solutions to the communications, automotive, computer and industrial markets. The company is pursuing a strategy for growth through customer partnerships, new-product introductions, strategic acquisitions and ongoing productivity measures. CONTACT: Ellen B. Richstone or James R. Buckley Chief Financial Officer Account Executive Augat Inc. Sharon Merrill Associates 508/543-4300 617/262-1800 |
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