CAIS Internet Enters Groundbreaking Alliance in Korea to Deliver High Speed Internet Access With Korean Company, Overnet Inc.WASHINGTON, DC--(BUSINESS WIRE)--June 10, 1999-- CAIS' Patented OverVoice Technology Chosen to Deliver Internet Access See how to access the Internet. to Large Korean Security & Telecommunications Company See telecom company. Subscribers Marking a milestone in Internet access for Korea, CAIS CAIS - Common APSE Interface Specification Internet (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 : CAIS) announced today a strategic alliance and licensing agreement with Korea's Overnet Inc. to contract CAIS Internet's OverVoice high speed multi-point Internet access with some of the largest Korean security and telecommunications companies. Spearheaded by Overnet Inc., CAIS and Overnet will contract with three of Korea's largest companies: Korea Informatics Telesis Inc. (KITI) -- a subsidiary of Korea Telecom KT (formerly, Korea Telecom, Korean: 한국통신, NYSE: KT) is South Korea's top integrated wired/wireless telecommunication service provider. KT has been Korea's leader in the development of the information & communications business for the last 25 years ; S1 Corporation or "Secom" -- Korea's first and largest full-service security company offering electronic security networks and a subsidiary of Samsung; and Dreamline Corporation - a subsidiary of Cheil Jedang Group, a Korean nationwide telephone company. The Korean companies will deliver CAIS's OverVoice -- patented technology that easily enables the distribution of high speed Internet access to multiple residents in buildings -- to three million telephone and electronic security subscribers in Korea nationwide. The alliance also has interest from Korean cable TV providers to contract the OverVoice service for its cable subscribers. "CAIS Internet's OverVoice is breaking new ground in Korea for delivering high speed Internet access," said Changho Shin, President, Overnet Inc. "CAIS was chosen for these Korean contracts because OverVoice is the best solution for the crucial last few hundred meters and delivers high speed Internet access with patented, high quality equipment at a low cost. It also has an easy installation, and is simple for the end user to connect, and they can use the Internet and telephone on the same line, at the same time." CAIS Internet continues to export OverVoice equipment to Overnet and the initial installations are complete. "CAIS Internet is pleased about this long-term alliance with Overnet to deliver OverVoice in Korea," said Ulysses G. Auger II, 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. , CAIS Internet. "This relationship validates CAIS Internet in the global Internet market, and expands OverVoice's appeal to include telecommunications and electronic security uses around the world." OverVoice technology is a cost-effective and sensible solution to existing multi-dwelling unit infrastructures and makes properties Internet-ready at speeds up to 175 times faster than 56K dial-up connections. OverVoice technology is simply installed on top of the property's existing telephone system while creating an Ethernet local area network like that found in many businesses. OverVoice provides users an uninterrupted, dedicated high speed Internet connection that can be shared simultaneously among many users in a hotel or apartment building and provides tenants high speed Internet and telephone service on the same line at the same time where a second line is unavailable or cost-prohibitive. About KITI, S1 Corporation and Dreamline Corporation For more information about KITI, you may visit their website at www.kt-kiti.co.kr. For more information about S1 Corporation, you may visit their website at www.s1.samsung.co.kr. For more information about Dreamline Corporation, you may visit their website at www.dreamline.co.kr. About Overnet Overnet is a provider of communications and entertainment services to residents of multi-dwelling units (MDUs) in high growth, densely populated urban and suburban markets in Korea. For more information about Overnet, you may visit their website at www.overnet.co.kr. About CAIS Internet CAIS Internet is a leading provider of the latest in broadband Internet access Broadband Internet access, often shortened to just "broadband", is high speed Internet access—typically contrasted with dial-up access over modem. Dial-up modems are generally only capable of a maximum bitrate of 56 kbit/s (kilobits per second) and require the full use of a for consumers and businesses using advanced technologies like CAIS HyperDSL, patented solutions like OverVoice, as well as expert technical and customer support. CAIS HyperDSL, the latest in DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary Internet technology, delivers dedicated, cost-effective high speed Internet access to businesses and consumers. CAIS Internet operates a nationwide, clear-channel DS3/OC3 and ATM Network with POPs (points of presence) in Chicago, IL, Washington, DC, Baltimore, MD, McLean, VA, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , CA, and has plans for POPs in Dallas, TX, Philadelphia, PA, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , CA, Seattle, WA, Boston, MA, Atlanta, GA, and Miami, FL. CAIS's backbone is a Cisco-Powered Network, and currently peers with public and private partners, and at national exchange points, MAE (1) (Metropolitan Area Exchange) Originally known as Metropolitan Area Ethernets, MAEs are junction points on the Internet where data is exchanged between carriers. See IXP and NAP. East, MAE East ATM, MAE West, and AADS AADS American Association of Dental Schools. . CAIS Internet is headquartered in Washington, DC. For more information, you may contact the company at 888.260.CAIS, or visit the website at www.cais.com. |
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