Digital FiberLink and Paradigm Advanced Technologies Form Strategic Alliance.Business/Technology Editors MISSISSAUGA, ON--(BUSINESS WIRE)--Dec. 8, 2000 Digital FiberLink Inc., of Mississauga, ON, the leading provider of optical IP Internet network infrastructure solutions and PowerLOC Technologies Inc., the wireless-position-location division of Paradigm Advanced Technologies, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PRAV PRAV Planned Restricted Availability ) of Toronto announced a strategic alliance. This agreement enables the two companies to share marketing, sales, technical support and other resources meeting the needs of the rapidly-growing wireless location positioning services market. PowerLOC's end-to-end Internet-based location tracking and fleet management technologies provide robust, scalable and user-friendly solutions. This L-Biz(TM) technology deployed by Location Services See mobile positioning. Providers (LSPs(TM)) incorporates wireless mobile tracking devices, with a server that provides online maps and information as to the location of the device. PowerLOC's next generation of tracking devices will allow PDAs (Personal Digital Assistants) and other hand-held devices to deliver location-based value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. , like local interactive mapping and routing. Under this agreement, Digital FiberLink will provide LSPs(TM) with hosting and co-location services, data connectivity from wireless carrier networks to the LSP LSP - Label Switched Path (TM), and LSP(TM) Tracker connectivity to the Internet. Digital Fiberlink will become PowerLOC's only one stop provider of network services in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . "We will also develop, on an exclusive basis, new software applications supporting PowerLOC's mobile tracking devices that PowerLOC will market through its sales and distribution channels," said Digital FiberLink President Michael Haddad. "These applications will enable PowerLOC's LSPs(TM) to deliver advanced L-Commerce and concierge or personal help services utilizing a connection between in-vehicle displays or PDAs, and PowerLOC's mobile devices." "Our strategic agreement with PowerLOC enables us to leverage our combined strengths and industry expertise in the location services market," added Haddad. "PowerLOC and its customers will have access to the highest quality network support and an exciting range of new, innovative LSP(TM) applications which we provide." "Our relationship with Digital FiberLink solidifies our already strong position in the wireless space," says Eduardo Guendelman, President/CEO, PowerLOC Technologies Inc. "Our immediate access to Digital FiberLink's high-speed ATM network facilities allows us to deliver our advanced solutions as well as offer numerous wireless applications. It also provides us, and our clients with an enhanced Quality of Service and facilitates the provisioning of our applications by LSP's(TM). Looking ahead, we believe Digital FiberLink's network, coupled with our extensive expertise positions us very well to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. meeting future consumer demand." About DIGITAL FIBERLINK, INC. Digital FiberLink, Inc., based in Mississauga, Ontario For the First Nation, see . Mississauga (pronounced: [ˌmɪsɪˈsɑgə] listen , is the leading provider of optical IP Internet network infrastructure solutions. The company is eliminating the bandwidth barrier and redefining the way broadband broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). capacity is sold. Digital FiberLink Network is extending metropolitan fiber-optic infrastructure to the end-user in strategic top-tier markets, enabling its customers to implement the latest data, video, Internet and multimedia applications. For more information, visit www.digitalfiberlink.com About PARADIGM ADVANCED TECHNOLOGIES, INC. Headquartered in Toronto, Paradigm Advanced Technologies, Inc. (www.powerloc.com) provides wireless location-based electronic commerce (L-Commerce) solutions. Paradigm owns the exclusive licensing rights to a broad-based wireless location patent (US Patent #B1 5,043,736) covering the apparatus and method of transmitting position information from satellite navigational signals (like GPS) over cellular systems to a base unit, and displaying the location of a person or object so equipped. Paradigm's ownership covers all fields of use for the patented system, excluding criminal justice applications. Paradigm wholly owns PowerLOC Technologies Inc. and Power Point Micro Systems Corporation. PowerLOC anticipates providing a comprehensive range of L-Commerce and L-Business products and services including a family of proprietary wireless-location devices for this emerging industry and for location-based service Location-based services (LBS) (or LoCation Services, LCS) are services developed and distributed by wireless carriers and their partners which provide information specific to a location. providers (LSP's) in particular. Paradigm is also listed on the Frankfurt Stock Exchange Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. - symbol - PG8. 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. that, if not verifiable historical fact, may be viewed as forward-looking statements that could predict future events or outcomes with respect to Paradigm Advanced Technologies, Inc., and its business. The predictions embodied em·bod·y tr.v. em·bod·ied, em·bod·y·ing, em·bod·ies 1. To give a bodily form to; incarnate. 2. To represent in bodily or material form: in these statements will involve risks and uncertainties and accordingly, Paradigm's actual results may differ significantly from the results discussed or implied in such forward-looking statements. |
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