CORRECTING and REPLACING Pannaway and FTTH Communications Help Upper Midwest Telcos Deliver 'Technology of Tomorrow'.Business Editors/High-Tech Writers CORRECTION...by Pannaway PORTSMOUTH, N.H.--(BUSINESS WIRE)--April 14, 2004 In BW5096 issued April 14, 2004: Fourth graph, first sentence of release should read: A key factor in the Pannaway system's success is its interoperability with Tut Systems' (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 :TUTS TUTS Theatre Under the Stars (Houston, Texas) TUTS True Ultimate Tensile Strength ) industry leading video head-end gear based on the Astria(R) content processor. The corrected release reads: PANNAWAY AND FTTH (Fiber To The Home) See FTTP. COMMUNICATIONS HELP UPPER MIDWEST TELCOS DELIVER 'TECHNOLOGY OF TOMORROW' Pannaway Technologies, Inc., designers and developers of converged broadband voice, video and data platforms, has received independent confirmation of network interoperability from FTTH Communications, an integrated communications provider and creator of the LightBlast(TM) residential fiber-optic network. FTTH, which provides wholesale IP video services to telephone carriers, cable television companies and municipalities, needed a platform that would help its partners throughout the upper Midwest provide a full suite of advanced video services over existing telephone and cable networks. Months of rigorous "real world" testing confirmed the Pannaway solution's ability to provide the reach, stability and ease of use that FTTH desired. "Aside from technical capabilities, we also looked at factors such as ease of implementation, the ability to cost-effectively monitor and maintain equipment, and the potential for telcos to deliver advanced features," explained Brian Estrem, director of operations for FTTH Communications. "It came down to having a shared vision for broadband service delivery. Like Pannaway, FTTH likes to stay a step ahead of consumer demand with innovative and cost-effective technology solutions." Interoperability with other vendor's equipment A key factor in the Pannaway system's success is its interoperability with Tut Systems' (NASDAQ:TUTS) industry leading video head-end gear based on the Astria(R) content processor. Rounding out the LightBlast offering is ViewNow(TM), which offers aggregation capabilities for a strong line-up of VOD See video-on-demand. VoD - video on demand content including first-run and library movie titles. "Pannaway's unique all-IP approach to Triple Play services over xDSL networks is a pioneering step in enabling telcos to intelligently converge their services into a simple, robust and easily managed access network," noted Mark A. Carpenter, Vice President of Partner Development for Tut Systems. "For FTTH's needs, the flexibility and scalability of the Pannaway solution is a natural fit." Unlike traditional systems, Pannaway's Service Convergence Network (SCN SCN Scan SCN Sustainable Communities Network SCN System Change Number (Oracle) SCN Scientology SCN Suprachiasmatic Nucleus SCN Switched Circuit Network SCN Standing Committee on Nutrition (UN) (TM)) utilizes a less costly and easier-to-use Ethernet/IP-based system. It also supports ADSL See DSL. ADSL - Asymmetric Digital Subscriber Line 2+, giving providers the ability to transmit data up to 24 Mbps. In addition, Pannaway's patent-pending technology allows for greater security, efficient bandwidth usage, easier management, and, in a boon for channel surfers everywhere, quicker channel changing times than current technology. About FTTH Communications L.L.C. FTTH Communications is an Integrated Communications Provider (ICP (1) (Internet Cache Protocol) A protocol used by one proxy server to query another for a cached Web page without having to go to the Internet to retrieve it. See CARP and proxy server. ) providing voice, internet and video services to residential developments in the Minneapolis, MN metropolitan area. FTTH is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Contractor Property Developers Corporation (CPDC CPDC Community Preservation and Development Corporation CPDC Caribbean Policy Development Centre CPDC Central Philadelphia Development Corporation CPDC Capital Planning, Design and Construction (California State University) ), a leading developer of residential communities. This unique partnership allows FTTH to provide communication services tailored to the residential home user. For more information on FTTH Communications visit our website at www.ftthcom.com and for more information on CPDC developments visit www.newsmalltownneighborhood.com. About Pannaway Pannaway Technologies designs and manufactures the industry's first carrier-class end-to-end IP solution for converged voice, video and data service delivery. Pannaway 's innovative technology enables telecommunications companies worldwide to deliver unified services to homes and businesses at a fraction of their historical costs. The privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. was founded in April 2002 and is headquartered in Portsmouth, New Hampshire Portsmouth, New Hampshire is a city in Rockingham County, New Hampshire in the United States of America. It is the fourth-largest community in the county[1], with a population of 20,784 as of the 2000 census. . Its founding management team, with over 90 years of collective experience in the industry, has played a pioneering role in the telecommunications equipment sector. For more information, please visit www.pannaway.com. |
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