Ceragon Networks Ltd. Grows Distribution Channel Through Agreement with Trans Telecom International in France.Business and Technology Editors TEL AVIV Tel Aviv (tĕl əvēv`), city (1994 pop. 355,200), W central Israel, on the Mediterranean Sea. Oficially named Tel Aviv–Jaffa, it is Israel's commercial, financial, communications, and cultural center and the core of its largest , Israel--(BUSINESS WIRE)--Nov. 15, 2000 Ceragon Expands Presence in Europe with its First Installation in France and Opening of New Regional Office Ceragon Networks Ltd. (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 : CRNT CRNT Current ), a global provider of high-capacity broadband wireless See wireless broadband. systems for next generation communications networks, today announced the signing of a distributor agreement in France with Trans Telecom International (TTI TTI Texas Transportation Institute TTI Thoracic Trauma Index TTI Transmission Time Interval TTI Travel Time Index TTI Travel Technology Initiative TTI Technology Transfer Initiative TTI Traffic and Traveller Information TTI Technology Transfer Institute ), a company devoted to microwave networking. Under the terms of the agreement, TTI will distribute Ceragon's products to meet the accelerating demand for fixed broadband wireless in France. TTI will provide sales, engineering, installation, support and service for Ceragon's FibeAir product family to service providers and enterprises. To support its sales initiatives, Ceragon opened a regional office in Paris. "Entering the French market with the TTI distributor agreement gives us a stronghold on providing high-capacity connectivity to this emerging broadband wireless market," said Shraga Katz, 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. , Ceragon Networks. "Our Paris facility will play a key role in Ceragon's European expansion strategy, which includes the opening of regional offices in Spain and Germany." "Our relationship with Ceragon will allow us to offer integrated fixed broadband wireless networks throughout France," said Gerard Chaussabel, chairman and managing director, TTI. "We are confident that our partnership will enhance both companies' positions in the French communications market. We have already completed the first FibeAir deployment at Siemens' headquarters in Paris, providing this business park with flexible, high-capacity IP connectivity." About Ceragon Networks Ltd. Ceragon Networks Ltd. is a pacesetter in broadband wireless networking systems, enabling high-capacity connectivity in metropolitan areas. Uniquely designed for high-growth, global communications service providers to generate immediate revenue, Ceragon's commercially proven intelligent broadband network solutions support high-speed Internet See broadband. access and integrated data, video and voice services. Ceragon's FibeAir product family operates across multiple licensed frequencies from 18 to 38 GHz while complying with North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and International standards and delivering IP, SONET/SDH and ATM broadband networks  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. . Ceragon's products enable quick and cost-effective connections for capacity constrained business customers within their own networks, or as a gateway onto the backbone infrastructure. Founded in 1996, Ceragon is headquartered in Tel Aviv, Israel, with North American headquarters in New Jersey and European Headquarters in the UK. More information is available at www.ceragon.com. Ceragon Networks - the shape of next generation networks. About Trans Telecom International Trans Telecom International (TTI) was founded in 1994 following deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. in France. TTI's strong team of professionals represent over 15 years of industry experience. TTI has performed survey, engineering, deployment, commissioning and maintenance for more than 1000 networks in France and abroad. TTI is also authorized to train technical personnel on the installation and maintenance of microwave links. TTI is headquartered in Paris, France with a Networks Department Center in Portes Les Valence, France. More information is available at www.tti.tm.fr, or by e-mail: info@tti.tm.fr. Certain statements concerning Ceragon's future prospects are "forward-looking statements" 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. There can be no assurances that future results will be achieved, and actual results could differ materially from forecasts and estimates. Important factors that could cause actual results to differ materially from forecasts and estimates include: Ceragon's limited operating history and history of losses; Ceragon's dependence on a limited number of key customers, independent manufacturers and suppliers; Ceragon's ability to increase its manufacturing capacity; and the demand for Ceragon's products. These risks and uncertainties, as well as others, are discussed in greater detail in Ceragon's filings with the Securities and Exchange Commission. Ceragon makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made. |
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