Celerity Systems Offers Improved Set Top Box Pricing.Business Editors and High Tech Writers KNOXVILLE, Tenn.--(BUSINESS WIRE)--July 21, 2000 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. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CLRT CLRT Continuous Lateral Rotation Therapy CLRT Command Logistics Review Team CLRT Cranial Laser Release Technique ) today announced a further price reduction in its state-of-the-art digital set top box, the T 6000. The pricing is effective as of July 21. As previously, the Company offers a price advantage if the set top boxes are bought in conjunction with its CTL See control key. 1. CTL - Checkout Test language. 2. CTL - Compiler Target Language. 3. CTL - Computational Tree Logic family of digital video servers, which includes the new CTL 9500. "Based on our sales forecasts, we have decided to strategically adjust the pricing on our flagship product, the T 6000. We consider it the premier high-end digital set top box in the industry, and knowledgeable people appreciate the value it already offers. By reducing our pricing for lower quantity orders and adjusting the price break points, we hope to encourage smaller users, such as integrators doing one or a few hotels, hospitals, assisted living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. centers, multi housing projects or whatever sort of private network, to use the T 6000," said Ken Van Meter, 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 Celerity. "Of course, we are always interested in negotiating pricing arrangements for large volumes over a substantial period of time, such as the agreement we recently announced with WIT Technologies. The smart players understand that a low cost set top box is valuable only if it also offers high revenue potential, now and in the future. By offering an integrated Web browser, high-speed Internet support via ATM or Ethernet, an integrated tuner/modulator, and CEBus for gateway applications, the T 6000 gives system operators more opportunities to drive revenue than most set top boxes today." Celerity's new pricing is detailed in its price list, which can be obtained by contacting the Company (see below). Safe Harbor Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission. |
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