ECI Telecom Strengthens Its Position as a Leading Supplier of Digital Cross Connect Solutions in Korea.
PETAH TIKVA, Israel--(BUSINESS WIRE)--July 3, 2000
ECI Telecom receives new orders totaling over US$ 11 million
from Korea Telecom and Korea's largest cellular operator, SKT
ECI Telecom Ltd. (NASDAQ/NM symbol: ECIL) announced today additional orders to supply its T::DAX digital cross connect systems to Korea's Incumbent Local Exchange, Korea Telecom (KT), and Korea's largest cellular operator, SKT. Under a new US$ 7 million order, ECI Telecom's T::DAX systems were chosen by Korea Telecom to manage the network infrastructure, while flexibly supporting Korean transmission standards. SKT awarded a US$4.2 million order for ECI Telecom's T::DAX digital cross connect systems to support its ever-increasing demand for Voice and Data traffic. The deployment of T::DAX systems in SKT's network further demonstrates the suitability of ECI Telecom's bandwidth management solutions for cellular applications. Additionally, ECI Telecom's T::DAX will enable SKT to smoothly migrate to future data-centric 3G (3rd Generation) networks.
"The new orders reflect ECI Telecom's strategy to focus on the delivery of enhanced transport network solutions, as part of its core business activity", says Ruben Markus, ECI Telecom's Corporate Vice President and General Manager of the Transport Network Systems Business Unit. "ECI Telecom considers Korea to be an extremely strategic and important market, strongly committed to bringing advanced services to subscribers throughout the country. Our long term partnership with Sung Hwa, has led to the deployment of our Digital Cross Connect solutions by most of Korea's leading service providers", he adds.
ECI Telecom's T::DAX Digital Cross Connect solution provides broadband, wideband and narrowband as well as multi-service bandwidth management on a single platform. Service providers are faced with increasingly complex network design and the management of multiple traffic types as their networks grow. With T::DAX, service providers have the ability to make their networks more competitive, offering cost-effective expanded capacity, enhanced performance and new revenue.
Mr. D.H. Bae, President of Sung Hwa Communications CO, ECI Telecom's strategic partner in Korea, commented: "ECI Telecom's T::DAX digital cross connect system presents an extremely suitable solution for the Korean market. In addition to its superior capability of supporting Korean transmission standards, it's All-Band management feature accommodates the explosive growth rate of Internet and data traffic in Korea. To date, hundreds of ECI Telecom's T::DAX systems have been deployed throughout Korea."
ECI Telecom Ltd. is a provider of integrated network solutions for digital 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.
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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.