ECI Telecom chosen by Belgacom as sole supplier of pair gain solutions; Multi Year Supply Agreement Could Exceed $30M.
Under the terms of the agreement, ECI will deliver and deploy its ACCESS products including: PCM2, PCM4, PCM11, and ASLMX systems. The contract was awarded for an initial period of three years with an option to extend to five years. ECI estimates that under the framework contract, sales over the three year period could exceed BF990M (about US$30M).
As explained by a Belgacom official: "Belgacom favoured ECI's overall Access Network strategy, comprising a broad range of Access Network solutions and products. By employing ECI's pair gain solutions, Belgacom will be able to expand and renew its existing network infrastructure quickly and in a cost-effective way, while maintaining a high standard of performance through use of PCM transmission".
Mr. Uri Kashti, ECI's Corporate VP and General Manager of the Access Network Strategic Business Unit, added: "We are very pleased to be able to provide Belgacom with our Access Network solutions. ECI's pair gain systems delivered to Belgacom will be supported by a sophisticated management system and will incorporate a special copper wire line testing feature that ensures automatic subscriber line connection, thus enhancing service to customers".
The framework contract contains the basic understanding of the parties and the Company's estimate of future sales which are based upon its current view of customer future individual orders.
ECI Telecom's Access Network solutions are deployed worldwide with significant installations in Germany, UK, Czech Republic, Hungary, France, Philippines, USA, South America and elsewhere in the world.
A provider of integrated network solutions, ECI TELECOM designs, develops, manufacturers and markets digital telecommunications and data transmission systems, enabling network operators to deliver cost-effective services. ECI TELECOM's systems provide capacity expansion, flexibility and management functions to better utilize existing and new telecommunications, data and integrated networks.
This press release and additional information about the Company, is now available on ECI TELELCOM's site on the World Wide Web: http//www.ecitele.com.
Certain statements contained in this release may contain forward-looking information with respect to plans, projections or future performance of the Company, the occurrence of which involves 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.
CONTACT: Lippert/Heilshorn & Associates, Inc
Jody Burfening/Jennifer Agatston
212-838-3777 (ext. 106 or ext. 128)
ECI Telecom Ltd.
Doron Inbar, Tel: 972-3-9266585