Com21 Completes Acquisition of GADline Ltd.Business Editors/High-Tech Writers MILPITAS, Calif.--(BUSINESS WIRE)--July 6, 2000 Com21, Inc. (Nasdaq:CMTO CMTO College of Massage Therapists of Ontario ), a leading global provider of system solutions for the broadband access See broadband and wireless broadband. market, today announced the completion of its acquisition of GADline Ltd., a privately held developer of integrated end-to-end system solutions. The acquisition will be accounted for as a purchase. Under the terms of the transaction, originally announced April 18, GADline, with offices and staff in Israel, will operate as a subsidiary of Com21. GADline's continued focus will be the development of enabling technologies for telephony and high-speed data over hybrid fiber-coaxial infrastructure. About Com21, Inc. Com21, Inc. is a leading global supplier of system solutions for the broadband access market. The Company's DOCSIS (Data Over Cable Service Interface Specification) A cable modem standard from the CableLabs research consortium (www.cablelabs.com), which provides equipment certification for interoperability. , DVB (Digital Video Broadcasting) An international digital television (DTV) standard that is the European and Far Eastern counterpart of the North American ATSC standard. , and ATM-based products enable cable operators and service providers to deliver high-speed, cost-effective Internet and telephony applications to corporate telecommuters, small businesses, home offices and residential users. To date, Com21 has shipped over a half million cable modems cable modem Modem used to convert analog data signals to digital form and vise versa, for transmission or receipt over cable television lines, especially for connecting to the Internet. worldwide, along with nearly one thousand headend controllers. Com21 systems offer commercial service in cable systems passing 15 million households worldwide. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Act Clause This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section21E of the Securities Exchange Act of 1934, and is subject to the safe harbors created by those sections. This press release contains 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. related to development activities of GADline. Actual results may differ materially due to a number of factors, including Com21's ability to integrate GADline with existing business. The matters discussed in this press release may also involve risks and uncertainties concerning Com21's products and services described in Com21's filings with the Securities and Exchange Commission (SEC). In particular, see the risk factors described in the Company's most recent Form 10K and Form 10Q. Com21 assumes no obligation to update the forward-looking information contained in this press release. Note to Editors: Com21(R) is a registered trademark of Com21, Inc., Milpitas, Calif., U.S.A. All other trademarks are the property of their respective owners. |
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