Coherent Communication Systems Corp. acquires TTI Conferencing Bridge product.LEESBURG, Va.--(BUSINESS WIRE)--Oct. 25, 1995--Coherent Communications Systems Corp. (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 : CCSC CCSC Consortium for Computing in Small Colleges CCSC Cheung Chuk Shan College (Hong Kong) CCSC Chicagoland Construction Safety Council CCSC Cemetery Consumer Service Council CCSC Commercial Computer Security Centre ) today announced that it has acquired the Chameleon Audio Conferencing Bridge from Teleconferencing Technologies, Inc. The Chameleon conference bridge has an all-digital architecture with echo cancellation on every port for true full-duplex conversations. The Chameleon has been designed for automated, low-cost, operator-free installation. It features confidential personal access to conferences for automated conference set-ups. It also features "virtual gavel gavel small mallet used by judge or presiding officer to signal order. [Western Culture: Misc.] See : Authority ", so that the chair for every meeting can be established, and even changed mid-conference, without operator assistance. The Chameleon supports Meet-Me and Dial-Out conferencing. Models are available with 8 through 96 ports. Connectivity is established by means of a T-1 link to the user's network. Daniel L. McGinnis, 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 Coherent said "This is a great addition to Coherent's product lines. Not only do we add a significant new product, but I have learned much from Daryl Braun's extensive knowledge, gained from his many active years in this industry. I hope that Daryl will be able to spare Coherent some of his time in the future to help us keep this great new product moving forward." Coherent has begun transfer of the Chameleon to its manufacturing and support facilities and expects to begin taking orders beginning with November 30 shipment dates. Daryl Braun, President of Teleconferencing Technologies, said "The Chameleon is a state of the art product that incorporates the features from many years of conferencing experience at both 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 and Darome. Coherent, with its international sales and distribution network, seemed to be a good way to get this new product to its natural market." Coherent acquired the BTV (Business TV) Using television to deliver company information and training to employees in remote branches. BTV uses satellite-based video to regular TV sets or IP-based video over the LAN/WAN to desktop computers and room monitors. and distribution activities of TTI also, but already has interested buyers and expects to turn over this business to new ownership in the near future. In the meantime Adv. 1. in the meantime - during the intervening time; "meanwhile I will not think about the problem"; "meantime he was attentive to his other interests"; "in the meantime the police were notified" meantime, meanwhile , TTI customers will find little has changed for them during this transition period. Customers can call the same telephone numbers, talk to the same people, and continue to buy from TTI despite the change in ownership. -0- Note: Also available via Internet: Web page: http/www.coherent.com CONTACT: Coherent Communications Systems Corp., Leesburg Daniel L. McGinnis, 703/729-6400 ext. 300 Michael Gendron, 703/729-6400 ext. 364 |
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