Celerity Systems Announces First Sale to Optelecom, Inc.KNOXVILLE, Tenn.--(BUSINESS WIRE)--March 23, 1999--Celerity Systems, Inc., (Nasdaq: CLRT CLRT Continuous Lateral Rotation Therapy CLRT Command Logistics Review Team CLRT Cranial Laser Release Technique ) announced today its first sale of T 6000 digital set top boxes to Optelecom, Inc. of Gaithersburg, Maryland. These units will be used for deployment in a digital surveillance application. The units are shipping immediately. Subject to these initial units working successfully, significant additional sales are expected. Celerity ce·ler·i·ty n. Swiftness of action or motion; speed. See Synonyms at haste. [French célérité, from Old French, from Latin celerit Systems, Inc., manufactures digital video servers and digital set top boxes for the interactive video services and high speed Internet industries. Through partnerships with leading companies including Nortel, Minerva, Battelle Laboratories, Fore Systems See Marconi. , and Cisco, Celerity Systems, Inc., provides end-to-end solutions (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. for interactive video and high speed Internet applications. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Such statements involve various risks that may cause actual results to differ materially from those expressed in such forward looking statements. These risks and uncertainties include, but are not limited to: market demand for the Company's products, successful implementation of the Company's products, competitive factors, the ability to manage the Company's growth and the ability to recruit additional personnel and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission, including but not limited to, those described under the caption "Description of Business - Risk Factors" in the Company's Annual Report on 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. for the fiscal year ended December 31, 1997. |
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