BroadBand Technologies forges joint marketing and development partnership with Bosch Telecom.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)--March 17, 1997 -- 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) the leading provider of interactive switched digital broadband systems today announces the signing of a Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. for joint marketing and technology development with Bosch Telecom, the communications business sector of the Bosch group. The Memorandum of Understanding further demonstrates the strategy and commitment of both companies to offer a complete range of end-to-end access network solutions for public telecom and CATV (Community Antenna TV) The original name for cable TV. It used a single antenna at the highest location in the community in order to deliver a quality signal to homes in areas with hilly terrain or other interference. networks to support telephony, data, video and interactive services for business and residential customers. Bosch Telecom is part of the $27.4 billion German-owned Bosch Group, which includes a $3 billion telecommunications business as part of its operations throughout the world. Under the terms of this Memorandum of Understanding, BroadBand Technologies will work jointly with Bosch Telecom in addressing market opportunities from established and new operators of interactive and distributed services. Effectively, Bosch Telecom will offer BroadBand's switched broadband fiber loop access system based on the company's patented switched digital broadband FLXb platform, in Germany and other countries located in Europe, the Far East and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. . Bosch Telecom intends to integrate telephony service into the FLX FLX Finger Lakes (New York) FLX Fort Lauderdale Executive (airport code) FLX Federal Learning eXchange FLX Flatfishes platform, complementing the Internet access See how to access the Internet. , high speed data and digital video services over dedicated bandwidth that FLX currently offers. Following successful laboratory trials, Bosch Telecom intends to integrate the FLX System into its Bosch Access Network, including the Network Management System. "Our new partnership with Bosch Telecom coupled with their size, credibility and experience, is a major step forward for BroadBand in establishing our FLX platform as the first truly global core platform for switched digital broadband services in the international marketplace," said Salim A.L. Bhatia, 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 BroadBand Technologies, Inc. "Bosch Telecom is the latest addition to our program of global customers and marketing and development partners. This partnership empowers 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. worldwide by providing them with a cost-effective, high-performance solution for the deployment of full service networks." Bosch Telecom is demonstrating the BroadBand FLX System in its booth at this year's Cebit conference in Hanover, Germany. About BroadBand Technologies, Inc. BroadBand Technologies Inc., based in Research Triangle Park, N.C., was founded in 1988. Its mission is to deliver products and services that enable network and service providers to offer consumers robust, economical electronic access to advanced communication, entertainment and information services See Information Systems. . About Bosch Telecom Bosch Telecom is part of the $27.4 billion German-owned Bosch Group which has operations throughout the world. Apart from its $3 billion telecommunications business, it is well known and strongly established in the automotive and consumer electronics markets. This press release contains forward looking statements about the company's performance. The Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , Form 10-Qs 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. For more information on BroadBand Technologies, please see the BroadBand Technologies home page at http://www.bbt.com . -0- Note to editors: FLX is a registered trademark of BroadBand Technologies Inc. All other trademarks are registered trademarks of their respective companies. CONTACT: Julie Price Joann Anderson/Jack Varley BroadBand Technologies Inc. Copithorne & Bellows (919) 405-4816 (617) 450-4300 price@bbt.com jack.varley@cbpr.com |
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