Chinese Government Selects ACT Networks' NetPerformer for Golden Taxation Network Project.Business Editors and High-Tech Writers CALABASAS, Calif.--(BUSINESS WIRE)--Jan. 24, 2000 Chinese Ministry of Information Industry Grants Homologation Certification, confirmation or approval. Data communications equipment is often subject to the homologation requirements of various countries. Approval for ACT's NetPerformer Products ACT Networks (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 : ANET) announced today the recent selection of its NetPerformer(R) products by The People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China's State Bureau of Taxation and the homologation approval - certification &interoperability - of its NetPerformer integrated access devices An IAD is a customer premises device that provides access to wide area networks and the Internet. Specifically, it aggregates multiple channels of information including voice and data across a single shared access link to a carrier or service provider PoP (Point of Presence). (IADs) by the Chinese Ministry of Information Industry. &uot;We have made significant progess in China during the last year, and in the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. as a whole,&uot; commented Andre de Fusco, ACT's president and chief executive officer. &uot;The formal selection of our NetPerformer for the Golden Taxation Project is a clear signal that our sales and technical efforts are paying off, and another confirmation of our ability to compete against the dominant network equipment providers in any market.&uot; The People's Republic of China's Golden Taxation Network is a key project in the country's telecommunications and information infrastructure development. This network is expected to eventually link government tax offices in every major city via a capillary capillary (kăp`əlĕr'ē), microscopic blood vessel, smallest unit of the circulatory system. Capillaries form a network of tiny tubes throughout the body, connecting arterioles (smallest arteries) and venules (smallest veins). integrated voice and data network consisting of thousands of nodes. &uot;We believe our NetPerformer products are the first IADs to earn formal government approval for interconnection directly to the Chinese public telephone network,&uot; continued Mr. de Fusco. &uot;We completed initial test installations within the Golden Taxation Network last year, and now that our products are approved we expect to participate in this year's build-out beginning in the spring.&uot; ACT's NetPerformer multi-service integrated access devices were selected over competitors' products for the Golden Taxation Project because ACT offers a complete voice and data solution in a single, integrated platform that is easy to configure, install and manage. The NetPerformer products are rich in signaling features and are generally recognized for their very high quality voice-over-packet capabilities. ACT Networks' expanded its local sales and technical presence in Beijing in the fall of 1998, and officials of the Golden Taxation Bureau noted that they welcomed the opportunity to interact directly on technical and commercial matters with a vendor with a highly skilled local presence. About ACT Networks ACT Networks develops, manufactures, and markets multi-service Customer Premise Equipment (CPE (Customer Premises Equipment) Communications equipment that resides on the customer's premises. CPE - Customer Premises Equipment ) access products, which support a broad range of integrated voice, video and data networking applications. Service providers and enterprise customers use the Company's products to build bandwidth-efficient, cost-effective, easy-to-manage converged networks. ACT's award-winning NetPerformer(R) and ServiceXchange(TM) product lines incorporate advanced voice and data compression data compression Process of reducing the amount of data needed for storage or transmission of a given piece of information (text, graphics, video, sound, etc.), typically by use of encoding techniques. algorithms, enhanced switching and traffic management, and state-of-the-art telephony integration technologies that provide the highest voice quality solutions for voice-over-packet and data solutions. For more information about ACT Networks, headquartered in Calabasas, California Calabasas is a city in Los Angeles County, California, in the western United States. As of the 2000 census, the city population was 23,123. The city was formally incorporated in 1991. , go to www.actnetworks.com. This release may contain 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. regarding the Company's business, customer prospects or other factors that may affect future earnings or financial results. Such statements involve risks and uncertainties which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements, and should be understood in light of the risk factors detailed in the Company's most recent 10-K and 10-Q filings. Note to Editors: ACT Networks and NetPerformer(R) are registered trademarks of the Company. |
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