Com21 Opens European Sales Headquarters As European Cable Modem Sales Take-Off.MILPITAS, Calif.--(BUSINESS WIRE)--Feb. 15, 1999-- Leading Cable Modem 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. Supplier in Europe Extends Reach to Strengthen Leading Market Position Throughout Europe Com21, Inc., (Nasdaq:CMTO CMTO College of Massage Therapists of Ontario ), the No.1 ranked cable modem supplier in Europe, based on an independent market study by U.S.-based RHK RHK Ratahallintokeskus (Finnish: Finnish Rail Administration) RHK Ryan Hankin Kent (RHK, Inc. marketing consulting firm) RHK Rigshospitalets Kollegium (Copenhagen, Denmark dorm) , today announced the opening of its main European office in Rotterdam, The Netherlands. Com21 also maintains a sales office in Berlin, Germany. A number of recent new business wins -- including Spain's Cable i Televisio de Catalunya, in Barcelona, Spain -- are helping Com21 bring high-speed access to the Internet to customers across Europe. Com21 is also working with such leading companies as Eneco, United Telekabel Holding (a UPC (Universal Product Code) The standard bar code printed on retail merchandise, which is administered by GS1 US, Brussels, Belgium and Lawrenceville, NJ (www.gs1.org). company), and France Telecom. Com21 launched its European operations in early 1996 and sells through a network of system integrators throughout Europe including: Philips Broadband Networks You can assist by [ editing it] now. , Eindhoven, The Netherlands, Siemens A.G., Munich, Germany and Fringes Networking Services, Valencia, Spain For the Valencia wine region, see . Valencia (Spanish: Valencia [ba'lenθja];[1] Valencian: València [va'ɫɛnsia]) is the capital of the Spanish autonomous community of Valencia and its province. . Since that time, the company has seen its European market share grow to over 4 million HHP HHP Hand Held Products (Barcode Reader Manufacturer, Charlotte, NC) HHP Holistic Health Practitioner HHP High Hydrostatic Pressure HHP Honolulu Heart Program HHP Hydraulic Horsepower HHP Hand-Held Phone (households passed). With its European staff now extending the company's reach into all major markets in Europe, such as France, The Netherlands, Denmark, Switzerland, Sweden, Spain and Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. , Com21 is positioned to continue building on the excellent progress it has made to date. "The opening of our sales and support operations in Europe is an exciting step for Com21 in what represents a crucial marketplace for us," said Pete Fenner, 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. of Com21. "Industry analysts are projecting the European cable modem market to grow in excess of 100 percent per year, and Com21 is determined to help drive the market forward with superior products and service." "Already number one in Europe, and with full 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 'Registered Firm' status, Com21 is committed to even further improving our business processes and the quality of our support to the benefit of our European customers," Pete Fenner said. Com21 is rapidly growing its worldwide market share with the total number of homes passed now reaching 9.2 million HHP. Com21 Inc. Europe is located at: -0- Weena 290 PO Box 819 3012 NJ Rotterdam 3000 AV Rotterdam The Netherlands The Netherlands Tel: +31-(0)10-2821439 Fax: +31-(0) 10-2821222 -0- About Com21 Com21 is a leading provider of cable modem technology for delivering high-speed Internet See broadband. access over CATV (Community Antenna TV) The original name for cable TV. It used a single antenna at the highest location in the community in order to deliver a quality signal to homes in areas with hilly terrain or other interference. systems. The company enables cable operators and service providers with the abilities to provide high-speed, cost-effective Internet access to corporate telecommuters, small businesses, home offices and residential users. Founded in 1992 and completing its initial public offering in May 1998, its stock is publicly traded on Nasdaq under the symbol CMTO. Com21 is headquartered in Milpitas, and maintains international sales and support locations in Canada, Japan, The Netherlands, and South America. For more information, visit the Com21 Web site at www.com21.com. This press release contains forward-looking information within the meaning of Section 27A of the Securities Exchange Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbors created by those sections. These forward-looking statements include statements related to: Com21, Inc.'s ability to successfully market and deploy its ComUNITY products and services to the European market, the supply and demand for its pre-DOCSIS cable modems, headends and related technology, the supporting technological infrastructure and costs associated with doing business on foreign ground. Accordingly, actual performance may differ due to a number of risks, including, but not limited to, Com21's European sales operation's ability to take advantage of the projected growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. in the European market in excess of 100 percent per year. The company's ability to not only sustain but also grow its leadership position as the number one cable modem provider in Europe as referenced by the RHK study, December 1998. As well as Com21's ability to consistently maintain and improve business processes and quality customer support. The matters discussed in this press release may also involve risks and uncertainties described in Com21's filings with the Securities and Exchange Commission (SEC). In particular, see the risk factors described in Com21's Registration Statement on Form S-1 (No. 333-70945) originally filed with the SEC on January 21, 1999, and the Company's Form 10Q for the quarter ended September 30, 1998. Com21 assumes no obligation to update the forward-looking information contained in this press release. Note to Editors: Com21, Inc. and ComUNITY Access(R) System are registered trademarks of Com21, Inc., Milpitas. All other trademarks or brands are the property of their respective companies. |
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