BroadBand Technologies Appoints Alan E. Negrin to the Board of Directors.RESEARCH TRIANGLE PARK Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , N.C.--(BUSINESS WIRE)--June 22, 1998-- Industry Veteran Brings Considerable Loop Electronics Access Expertise To Help Drive Company's New Product Development Efforts BroadBand Technologies, 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 :BBTK), a provider of integrated access platforms for the telecommunications industry, today announced the appointment of Alan E. Negrin to the company's Board of Directors. Negrin is a 30 year telecommunications veteran who has co-founded two of the industry's leading access equipment suppliers. Negrin's hands-on leadership, combined with his extensive experience, will play a critical role in the success of BroadBand's access product development efforts. "In developing our new business strategy, we identified the need to add a board member with a background in the loop access market. Al is exactly the type of person we were looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ," said David E. Orr, 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. , BroadBand Technologies. "BroadBand has successfully begun the implementation of the first two stages of its new business strategy. Drawing on Al's expertise, BroadBand is well positioned to continue its third initiative, developing a loop electronics product, equally successful." "BroadBand is an exciting company with tremendous market potential," said Alan E. Negrin, board member, BroadBand Technologies. "I couldn't pass up the opportunity to work with Dave Orr and the entire BroadBand team. Working together, I look forward to helping BroadBand to develop and market its new loop access product." In 1993, Negrin founded E/O E/O Electro-Optical E/O Electrical-to-Optical (conversion) E/O Engine Out (aviation) Networks, a leading developer of optical/copper loop carrier products for both domestic and international markets. Previously, Negrin co-founded Optilink Corporation (which was acquired by DSC (1) (Digital Signal Controller) A microcontroller and DSP combined on the same chip. It adds the interrupt-driven capabilities normally associated with a microcontroller to a DSP, which typically functions as a continuous process. See microcontroller and DSP. Communications in 1990) to develop large optical/copper loop carrier products for Regional Bell Operating Companies (RBOCs). Negrin spent 7 years at Harris Corporation's Digital Telephone System Division, responsible for developing new private automatic branch exchange (PABX (Private Automatic Branch eXchange) Same as PBX. PABX - Private Automatic Branch eXchange ) products that resulted in excess of $500 million in sales. He launched his career at Xerox Corporation where he spent 14 years in engineering, marketing and management positions both domestically and internationally in the computer and office automation sectors. Negrin received a BSEE BSEE abbr. Bachelor of Science in Electrical Engineering from University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). at Berkley and a MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Stanford University. About BroadBand's New Corporate Strategy In February, BroadBand announced a three-part strategy to improve its financial position and target emerging needs in the established, high-growth local loop access market. As the first of the three initiatives, BroadBand signed multiple agreements with Lucent Technologies worth in excess of $50 million over three years. For the second initiative, BroadBand expanded its strategic alliance with Bosch Telecom, under which the companies will evolve BroadBand's iFLX(tm) platform to meet the emerging Full Service Access Network (FSAN (Full Service Access Network) An optical access network that provides high-speed (broadband) transmission directly to or closer to the customer. The FSAN initiative was formed in 1995 by a consortium of major telecom companies worldwide in order to promote the ) standard. The company's third strategic initiative involves development of an access product that capitalizes on its core competencies in ATM, broadband access and xDSL, as well as intellectual property BroadBand is receiving from Lucent. This new corporate strategy establishes a foundation for BroadBand to leverage its technical strengths to target the high-growth, $2 billion, converging loop access and data markets, while gravitating toward more independence and less reliance on video demand over an integrated platform. About BroadBand Technologies BroadBand Technologies, Inc., based in Research Triangle Park, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , was founded in 1988. It specializes in integrated access platforms, which combine ATM switching and transport with Digital Subscriber Line See DSL. (communications, protocol) Digital Subscriber Line - (DSL, or Digital Subscriber Loop, xDSL - see below) A family of digital telecommunications protocols designed to allow high speed data communication over the existing copper telephone lines between end-users and (xDSL) and Fiber-in-the-Loop (FITL FITL Fiber-In-The-Loop (telecommunications) FITL Flight Increment Training Load ) technologies, to deliver high-speed data and voice services as well as digital video. The company uses its access expertise in the development of its own loop electronics equipment and also supports other telecommunications equipment providers for broadband and optical local loop components. For more information on BroadBand Technologies, please see its home page at http://www.bbt.com This press release contains forward-looking statements including, but not limited to, the company's performance, development of an FSAN standard, development of new products, successful strategy implementation and the performance of agreements as to which all closing conditions have not yet been satisfied. The Company's Form 10-K, Form 10Qs and other documents on file with the Securities and Exchange Commission identify important factors which could cause actual results to differ materially from those indicated by the forward looking statements. However, forward looking statements are beyond the ability of the Company to control and in many cases the Company cannot predict what factors would cause actual results to differ materially from those indicated by the forward looking statements. Note to editors: iFLX is a trademark of BroadBand Technologies, Inc. All other trademarks are registered trademarks of their respective companies.
CONTACT: Dale Kirkland
BroadBand Technologies, Inc.
919-405-4623
kirkland@bbt.com
or
Debby Lewenberg/Jon Bornstein
Copithorne & Bellows
617-450-4300/919-562-6787
debby.lewenberg@cbpr.com
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