Coherent Communications Builds New Headquarters.LEESBURG, Va.--(BUSINESS WIRE)--Aug. 14, 1996--Coherent Communications Systems Corporation (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 ) announced today that it has signed contracts with Opus East, L.C.C. to begin construction of it's new world headquarters building in University Center near the Virginia campus of George Washington University George Washington University, at Washington, D.C.; coeducational; chartered 1821 as Columbian College (one of the first nonsectarian colleges), opened 1822, became a university in 1873, renamed 1904. . Construction will begin on the new site following the groundbreaking, scheduled for September 9th. The new facility will be three stories in height and will provide 73,000 square feet of space. The building will also have the capability to support over 400 employees, and will house Coherent's sales, marketing, engineering and administrative departments. Approximately half of the building will be dedicated to electronics laboratories, and software facilities for the development of the Company's telecommunications products. Coherent's new world headquarters is scheduled for completion by August 30, 1997. Daniel L. McGinnis, Coherent's chief executive officer said, "This project is a milestone for our more than two hundred employees worldwide. Coherent moved its headquarters to our current Leesburg location in the fall of 1992 with just fourteen Virginia employees. This new facility is a symbol of our dramatic growth in the world's telecommunications equipment markets. It is a testimonial to the creativity and dedication of our employees which continues to foster the growth of our Company." Coherent Communications Systems Corporation is a worldwide leader in state of the art voice enhancement technology, spanning echo cancellation The elimination of an echo in a two-way voice transmission. Echo is created in the telephone company's central office switch when two-wire lines from the customer are converted to four-wire lines for backbone trunks. platforms and associated network software. The Company's products are used globally by major commercial telecommunications companies and network operators, including AT&T Wireless, Cellular One, British Telecom The telephone and communications carrier that provides services in Great Britain and Northern Ireland. It used to be a division of the British Post Office, but was privatized in 1984 under Margaret Thatcher's administration. , Nokia, Telia, Mercury, Cable & Wireless, Telmex, StrataCom, Deutsche Telekom and France Telecom among the extensive list. Coherent is a fully accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 company, dedicated to maintaining the highest quality standards at every level. Also available via Internet Web Page: http://www.coherent.com CONTACT: Diane McClelland at Coherent +1-703-724-6400 Ext. 3300 Georgina Garrett at Garrett Axford +44 (0) 1273-441200 E-mail: sales@coherent.com |
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