Hanaro Telecom of Korea Awards Xpeed a Volume Agreement to Immediately Begin Supplying the Xpeed XTAN 400.Business Editors/High-Tech Writers SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--March 9, 2000 The 97,000 Unit Production Order Will Help Hanaro Meet Their Large Customer Backlog Xpeed, Inc., a CPE (Customer Premises Equipment) Communications equipment that resides on the customer's premises. CPE - Customer Premises Equipment company specializing in xDSL, and Hanaro Telecom., Korea today announced a volume agreement for Xpeed to supply XTAN 400 ADSL See DSL. ADSL - Asymmetric Digital Subscriber Line Modems for Hanaro's aggressive deployment of broadband services to several cities in Korea. This agreement calls for a minimum of 97,000 units to be delivered to Hanaro during the next few months. Early last year, Hanaro announced that they would deploy several hundred thousand lines, and that their backlog of customers outstripped their current deployment rate. "With the introduction of the XTAN 400, Xpeed took the lead in driving technology and services that address bandwidth issues plaguing Internet users today," said Michael Pak, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Xpeed. "Now we are proving that we have the capacity and product depth to fuel this phenomenal growth of broadband services in Korea." Hanaro Telecom continues to deploy DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary Equipment and Services in Seoul and five other major cities in Korea at a feverish rate. Through this agreement with Xpeed, Hanaro is ensured of a source of a quality, cost-effective DSL modems and access to an exciting product roadmap. "We are pleased with this validation from Hanaro Telecom, and will continue to demonstrate our ability to meet the challenges of a major Telco as Hanaro deploys its broadband services," said Richard D'Sa, Vice President of Sales & Marketing of Xpeed, "In addition to meeting high-volume demands, we are committed to provide affordable business-class products at consumer prices." About Hanaro Telecom Hanaro Telecom Inc., was founded in 1997 with the goal to offer Multimedia Telephone Service in the 21st Century. They started offering Commercial Service in April 1999 and today their Subscribers total 200,000 in Seoul and other Major Cities. Hanaro Telecom is committed to driving the Internet's booming momentum by combining ADSL Technology with Ultra High Speed Internet and Multimedia Services. Hanaro is paying special attention to High Quality Internet Access Services by integrating FTTC (Fiber To The Curb) The installation of optical fiber to within several hundred feet of the home or office. At that point, the optics are converted into electronics for delivery into the premises, typically using DSL. , FTTO FTTO Fibre to the Office FTTO First Time Turn On FTTO Fiber to the Office and ADSL. About Xpeed Inc. Xpeed, Inc. designs, manufactures, and markets Customer Premise Equipment (CPE) and high-speed data access solutions for the digital subscriber line See DSL. (communications, protocol) Digital Subscriber Line - (DSL, or Digital Subscriber Loop, xDSL - see below) A family of digital telecommunications protocols designed to allow high speed data communication over the existing copper telephone lines between end-users and (DSL) market. Located in the heart of Silicon Valley, Xpeed is committed to developing interoperable, high-quality DSL remote access products that are flexible, cost-effective and simple to use. Xpeed's DSL network devices and connectivity products offer customers a low-cost, easy-to-install approach to high-speed Internet and Wide Area Network data access. Xpeed markets its DSL products through strategic partners, network and Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. , and OEMs. Xpeed is headquartered at 99 W. Tasman Drive, Suite 110, San Jose, CA 95134, Xpeed's World Wide Web site is at http://www.xpeed.com. |
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