Elcom International announces Internet enabled PECOS System; Provides secure real-time electronic catalog and ordering using the Internet communications.NORWOOD, Mass.--(BUSINESS WIRE)--May 7, 1996--Elcom International, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ELCO ELCO Eastern Lebanon County (school district, Pennsylvania) ELCO El Camino ELCO Electrolytic Capacitor ELCO Early Opening Local Census Office ELCO Electronic Company ) recently announced the introduction of an Internet-enabled version of its PECOS (Personal Electronic Catalog and Ordering System). Elcom International's PECOS technology enables licensees such as manufacturers, distributors and direct marketers, to deliver interactive, easy-to-use, electronic commerce systems that allow their end-user customers to use an integrated electronic catalog and ordering system to quickly and easily place orders and make inquiries with real-time product availability, pricing and more. Elcom Systems, the Company's technology subsidiary, which licenses the PECOS technology to other companies, was founded in 1992 and its long-standing expertise in electronic commerce uniquely qualifies the Company to help lead the way to Internet-based commerce. "By integrating Internet connectivity into our PECOS client/server technology, we provide secure on-line, real-time ordering, e-mail, customized end-user catalog creation, electronic forms and order shipment tracking on the Internet using a single application," said David Wolf, Elcom Systems' President, "and we've licensed RSA (1) (Rural Service Area) See MSA. (2) (Rivest-Shamir-Adleman) A highly secure cryptography method by RSA Security, Inc., Bedford, MA (www.rsa.com), a division of EMC Corporation since 2006. It uses a two-part key. Data Security's public key encryption See public key cryptography. software to provide the highest level of security to our Internet users. We believe Elcom Systems is unique in providing product marketers with the opportunity to produce multi-media electronic catalogs with real-time communication to our Licensees' Transaction Server Systems over the Internet and/or over a private telephone network using a front-end client distributed on CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). or diskette The official name for the floppy disk. See floppy disk. diskette - floppy disk format." Through its Elcom Systems subsidiary, Elcom International develops and licenses proprietary software systems which enable the conduct of interactive electronic commerce and, through its Catalink Direct subsidiary, uses the PECOS technology to market PC products electronically. Catalink Direct has approximately $600 million in annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenues, $250 million of which is generated using the PECOS electronic commerce system. Elcom International operates 17 Field Sales and Support Offices in the United States and five in the United Kingdom. CONTACT: Patricia J. Breslin 617-551-3380 ext. 4264 http: www.elcom.com pbreslin @ elcom.com |
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