ECI Telecom Announces New Contract to Supply Optical Networking Solutions to ONSE Telecom, Korea.Business & Technology Editors PETAH TIKVA, Israel--(BUSINESS WIRE)--April 5, 2000 ECI Telecom ECI Telecom Ltd NASDAQ: ECIL, is a telecommunication equipment manufacturer based in Petah Tikva, Israel. Ltd. (NASDAQ/NM symbol: ECIL ECIL Electronics Corporation of India Limited ) announced today a new $6 million optical networking Communications between computers, telephones and other electronic devices using light. An optical network is far more reliable and has far greater potential transmission capacity than networking in the electrical domain. See optical fiber. contract with Korea's rapidly expanding service provider, ONSE Telecom Onse Telecom is a Korean telecom company, one of the largest providers of overseas telephone and internet access in South Korea. The company also is one of the largest telephone companies in South Korea, one of only two companies licensed to provide local telephone access. . The new contract was received following ECI ECI Employment Cost Index ECI Election Commission(er) of India ECI Enterprise Content Integration ECI Early Childhood Intervention ECI Environmental Change Institute Telecom's successful deployment of a previous contract to build ONSE's SDH (Synchronous Digital Hierarchy) The European counterpart to SONET. See SONET. SDH - Synchronous Digital Hierarchy backbone network A backbone network provides a path for the exchange of information between different LANs or subnetworks.[1] A backbone can tie together diverse networks in the same building, in different buildings in a campus environment, or over wide areas. , covering the region between Seoul and Pusan. ONSE Telecom will deploy ECI Telecom's DWDM (Dense WDM) The term given to wavelength division multiplexing (WDM) when significantly more channels were being added. Since WDM is increasingly more "dense" all the time, both terms are used synonymously. See WDM. DWDM - wavelength division multiplexing optical networking and SDH solutions, to expand the original backbone network, and deliver a broad range of quality services including voice, data, Internet and video to its subscribers. ECI Telecom's eNM management solutions will centrally monitor and manage the entire network. Commenting on the new contract, Mr. Chung Huh, Executive Vice President of Engineering Group, ONSE Telecom said: "We have been met with overwhelming demand to increase the capacity of our networks, for fast delivery of more services. ECI Telecom's optical networking solutions are enabling us to promptly meet this growing demand". Amos Talmor Hubschmann, ECI Telecom's Corporate Vice President and General Manager of the Asia Pacific Region, said: "We consider the Korean market to be extremely important as it is extensively deploying sophisticated telecommunications infrastructure, to bring advanced services to subscribers throughout the country. ONSE Telecom is the second service provider in Korea to order ECI Telecom's optical networking solutions, joining the growing list of service providers worldwide who are deploying these solutions." In response to the growing activities in Korea, ECI Telecom is establishing a new local customer support office to serve existing customers on-line. ECI Telecom expects that it will complete delivery of equipment of the new contract by the end of Q2, 2000. ECI Telecom's optical networking solutions, feature fully managed and total optical transparent capabilities combined with full integration of SDH Add/Drop multiplexers, depending on the requirements of the network. ECI Telecom Ltd. is a provider of integrated network A network that supports both data and voice and/or different networking protocols. See converged network and new public network. solutions for digital communications Transmitting text, voice and video in binary form. See communications. and data transmission systems. The Company designs, develops, manufactures, markets and supports end-to-end digital telecommunications solutions for today's new services and converging networks. The Company's products create bandwidth, maximize revenues for network operators, expand capacity, improve performance and enable new revenue-producing services. In doing so, they enhance the capabilities of existing networks to support voice, data, video and multimedia services. ECI Telecom's equipment supports traffic in more than 500 service networks in over 145 countries. This press release and additional information about the Company, is now available on ECI TELECOM's site on the World Wide Web: http://www.ecitele.com. If you would like to receive future news releases electronically, please forward your email address to corporate-marketing@ecitele.com. Certain statements contained in this release may contain forward-looking information with respect to plans, projections or future performance of the Company. By their nature, forward-looking statements involve certain risks and uncertainties including, but not limited to, product and market acceptance risks, the impact of competitive pricing, product development, commercialization and technological difficulties and other risks detailed in the Company's filings with the Securities and Exchange Commission. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion