Capital Increase at Budapest Based LaserBit Communications Corporation.Business and High Technology Editors NOTE: A PHOTO relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc this story will be available for journalists to download beginning today at www.newstream.com and also available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com BUDAPEST--(BUSINESS WIRE)--Jan. 16, 2001 LaserBit Communications Corporation, an American-British-Hungarian joint venture developing free-space optical telecommunications equipment, announces closure of a $6 million second round financing from international investors Intel Capital, Sandler Capital and 3TS Venture Partners AG Fund Advisor to the Technologieholding Central and Eastern European Fund. PriceWaterhouse Coopers corporate finance group advised LaserBit on the transaction. LaserBit develops, manufactures and markets wireless, free-space laser-based voice, data and video transmission systems and telecommunication equipment for optical networks (E1/T1, E2/T2, E3/T3 copper to fiber converters and multiplexers). Target customers are telecommunication companies needing high band-width data transfer, such as Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. , cellular phone operators, UMTS (Universal Mobile Telecommunications System) The GSM implementation of the 3G wireless phone system. Part of IMT-2000, UMTS provides service in the 2 GHz band and offers global roaming and personalized features. systems, landline Land based. Refers to standard telephone and data communications systems that use in-ground and telephone pole cables in contrast to wireless cellular and satellite services. telecom companies and organizations with multiple facilities. The LaserBit system carries data using a concentrated laser beam and a unique modulation modulation, in communications modulation, in communications, process in which some characteristic of a wave (the carrier wave) is made to vary in accordance with an information-bearing signal wave (the modulating wave); demodulation is the process by which technique employed to ensure error free data transfer over distances from 20 meters to up to 5 kilometers. LaserBit's product range offers cost effective, reliable free space laser transmission for voice and data through the air. Where a clear line of sight is available, laser links deliver the most effective point-to-point connection between telecommunication equipment or computer network devices. The LaserBit's solution eliminates the need to install cables, rental costs and licensing requirements. The laser links are suitable for factories or industrial environments where high noise levels can interfere with transmitted data. It is also deemed as the best choice for making connections across rivers and other natural or artificial obstacles where laying cables is not practical. Investment funding will be used for working capital purposes, as well as strengthening technology and human resource development, increasing production capability, instrument purchases, marketing activities and extending commercial offices and LaserBit's worldwide sales network. Laserbit's technologies will be presented worldwide at more than 20 exhibitions this year, sales to be supported by several offices to open abroad. The first two LaserBit offices will open in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Singapore in the first quarter. The Company's products are currently in use at the Budapest Stock Exchange Budapest Stock Exchange Established in 1864, the major securities market of Hungary. and International Airport in Budapest, and already sold in more than 10 countries. About LaserBit Communications Corporation The company was established in 1999, building on ten years development activities of its predecessor - Crown Tech Ltd. - in the telecommunications industry. The British-American-Hungarian joint venture was founded by US backed high-tech venture capital Hungarian Innovative Technologies Fund (HITF HITF Healthcare Industries Task Force (UK) HITF Hypervelocity Impact Technology Facility (NASA) )and the two innovators innovators people who will try new things. early innovators important figures in the farming or client community because they are the leaders in the introduction of new techniques and management systems. , Mr. Bela Gyoeri (Chairman 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. ) and Mr. Janos Pallagi (Senior Vice President). The LaserBit product range offers cost effective, reliable free space laser transmission for voice and data through the air. Where a clear line of sight is available it delivers the most effective point-to-point connection between telecommunication equipment or computer network devices. No need for installing cables, no rental costs, no licensing requirements. It provides a solution that is ideal for urban areas or city centers where the use of leased lines A private communications channel leased from a common carrier. Most digital lines require four wires (two pairs) for full-duplex transmission. (communications, networking) leased line is expensive. The laser links are suitable for factories or industrial environments where high noise levels can interfere with transmitted data. It is also deemed as the best choice for making connections across rivers and other natural or artificial obstacles where laying cables is not practical. Laserbit's equipment have been already sold in many countries worldwide including USA, Canada, Germany, United Kingdom, Ireland, Greece, Portugal, Spain, Belgium, Turkey, Poland, Austria and home country Hungary. LaserBit Communications Corp. is currently expanding-sales channels and customer support into other countries. Upon request, LaserBit Moving Demonstration System is available for shows, exhibitions or other events. NOTE: A PHOTO relating to this story will be available for journalists to download beginning today at www.newstream.com and also available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com NOTE: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.011601/bb9 |
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