Mariner Networks Announces Developments in Its Customer Base.Business Editors and High-Tech WritersANAHEIM, Calif.--(BUSINESS WIRE)--March 26, 2001 Mariner Mariner Any of a series of unmanned U.S. space probes sent near Venus, Mars, and Mercury. Mariners 2 (1962) and 5 (1967) passed Venus within 22,000 mi (35,000 km) and 2,500 mi (4,000 km), respectively, and made measurements of temperature and atmospheric density. Networks, a subsidiary of Odetics Inc. (Nasdaq:ODETA)(Nasdaq:ODETB), and the innovative developer of multiservice integrated platforms for the wide-area-networking (WAN) communities, announced that it has been notified by ConnectSouth Communications that ConnectSouth is ceasing operations. Vince Nubel, vice president of sales at Mariner Networks commented that, "while this is a disappointment, ConnectSouth was only one of many service providers that we are working with." "Fortunately the scalability of the Dexter product appeals to a diversified customer base with a broad set of applications. This includes service providers and enterprise customers. Through our value-added-reseller channels we are in trials with over 20 customers. "In fact, we have received initial stocking orders from three major national resellers and the first international orders as well. We consider the trials and the orders important steps in validating the breadth of the requirement for the Dexter 3000 in the marketplace," said Nubel. About Mariner Networks Mariner Networks Inc. is an innovative developer and supplier of broadband access See broadband and wireless broadband. concentrators for wide area networking (WAN) communities internationally. The company's products enable midsize offices to economically access broadband services See broadband and broadband service provider. . Mariner Networks' technology developments are creating IP delivery enhancement products that will allow public and private network operators worldwide to integrate their separate voice, data, and video networks onto a single, high-performance WAN backbone. Mariner Networks' products are sold to OEMs, service providers, and end users through offices in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Europe. Additional information on Mariner Networks is available at www.marinernetworks.com. About Odetics Inc. Odetics is a California-based company engaged in the development of communication and technology companies that may be spun-off to its shareholders. Odetics' companies develop software and hardware-based solutions for the television broadcast, video security, telecommunications, and intelligent transportation systems markets. Odetics headquarters are located in Anaheim with additional operations in Europe and Asia. Important Notice This news release contains statements that may be deemed to be forward-looking. These forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. may include statements about revenue growth, profit margins, the effect of cost reduction measures, and other statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the operating results of Odetics or its subsidiaries. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors such as: short product lives, technological shifts, current technical issues that cannot be resolved on a timely basis, component availability, competition (including new and directly competitive products from others), pricing pressures, incorrect assumptions regarding market demand, the significant uncertainty of market acceptance of new products by both distributors and end-user customers, unanticipated capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. , retention of key personnel, general economic conditions, the inability of the company to execute its incubator strategy including the completion of both private and public equity financings Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. of its subsidiaries, and other factors identified in the Odetics' Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Quarterly Report on Form 10-Q Form 10-Q See 10-Q. . Investors are strongly encouraged to review the risk factors set forth in the Odetics most recent SEC filings. |
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