Billion Dollar Fiber Optic Opportunity Drives Expansion At Computer Automation Systems Inc.Business Editors/High-Tech Writers PLANO, Texas--(BUSINESS WIRE)--Feb. 22, 2001 Computer Automation Systems Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CASX), a telecommunications industry systems integrator, today announced that it has launched a plan to participate in the explosive growth of the fiber optic multiplexing market. Mike Cherry, 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 CASX, stated: "The US DWDM (Dense WDM) The term given to wavelength division multiplexing (WDM) when significantly more channels were being added. Since WDM is increasingly more "dense" all the time, both terms are used synonymously. See WDM. DWDM - wavelength division multiplexing (Dense Wavelength Division Multiplexing See WDM. ) market is expected to grow from $4 billion in 2000 to over $28 billion by 2005. (DWDM market data provided by RHK RHK Ratahallintokeskus (Finnish: Finnish Rail Administration) RHK Ryan Hankin Kent (RHK, Inc. marketing consulting firm) RHK Rigshospitalets Kollegium (Copenhagen, Denmark dorm) Consultants.) Our customers are expanding in this area and we intend to accommodate their and other manufacturers' needs." "We have completed a thorough review of how best to address this significant opportunity and are working with several groups to fund this expansion, which we expect to cost less than $2,000,000," said Cherry, who concluded by observing that CASX hoped to be in full production in late 2001. CASX' major products include switch controllers which monitor, control and operate the digital and optical switches which are at the heart of today's data and IP networks. Computer Automation Systems Inc. designs and manufactures custom rackmount and industrial computer applications primarily for the telecommunications industry. The Company provides in-house engineering to provide innovative, customized hardware and software applications to meet non-standard customer specifications and requirements. Computer Automation Systems Inc. specializes in the development of National Equipment Building Standards (NEBS) certified, Sun and Intel microprocessor-based, fault-tolerant systems Fault-tolerant systems Systems, predominantly computing and computer-based systems, which tolerate undesired changes in their internal structure or external environment. for the telecommunications industry. "NEBS" is a telecommunication industry design standard for manufacturing telecommunications applications equipment. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This news release contains certain "forward looking statements" within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934. Although the Company believes the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that results will meet or exceed such expectations. All brand names mentioned herein are trademarks of their respective owners. |
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