Network Express announces Korean distribution partnership.ANN ARBOR Ann Arbor, city (1990 pop. 109,592), seat of Washtenaw co., S Mich., on the Huron River; inc. 1851. It is a research and educational center, with a large number of government and industrial research and development firms, many in high-technology fields such as , Mich.--(BUSINESS WIRE)--June 25, 1996--Network Express 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 :NETK), a leading provider of cost-effective remote access solutions, today announced a distributor agreement with TriCom, a division of the Iljin Group, to resell, support, and service the Network Express family of remote access solutions in Korea. The partnership with TriCom is part of the Express Partner Program, designed to aid customers with their digital migration paths to technologies such as ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. and Frame Relay, with minimal worry and maximum service, through various distribution channels. As part of the Express Partner Program, TriCom will work closely with Network Express to market and support the NE Series of WAN remote access products. TriCom will be responsible for having Network Express products homologized for the Korean marketplace, for localizing the product family by translating all Network Express support materials into Korean and for joint marketing to customers. "Partnering with TriCom to reach the Korean marketplace is an exciting move for Network Express," said Richard P. Eidswick, 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. for Network Express. "ISDN and other digital remote access technologies have taken off in Korea. Korea Telecom deployment figures put the growth of ISDN BRI lines at 30,000 by the end of 1996, 300,000 in 1997, and 1.5 million by the year 2,000. The combination of TriCom's knowledge and experience in this region with the sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. of the Network Express products should prove a successful relationship for addressing this tremendous growth in the Korean remote access marketplace." "After testing a number of ISDN products, TriCom selected Network Express for its ease-of-use and standards-based design," said Sang-Koo Lee, president and CEO for TriCom. "With these products we will target three main segments of the Korean marketplace including Internet and information service providers, the government market and Korea Telecom." About Network Express Inc. (NEI NEI National Eye Institute (NIH) NEI Nuclear Energy Institute NEI National Emission Inventory NEI Not Enough Information NEI Netherlands East Indies NEI Nuevos Estados Independientes ) and TriCom Network Express supplies high-speed switched access communications products for companies seeking to reduce communications costs through dial-up services such as ISDN. NEI's products provide high-speed, cost-effective and secure features for applications including pre-press publishing, Internet access, telecommuting telecommuting, an arrangement by which people work at home using a computer and telephone, transmitting work material to a business office by means of a modem and telephone lines; it is also known as telework. , and remote LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. access. The company has more than 3,000 installations in the U.S., Japan and Europe. On May 22, 1996, Network Express agreed to be acquired by Cabletron Systems of New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). , pending the approval of the Network Express stockholders. NEI's corporate headquarters are located at 4251 Plymouth Rd., Ann Arbor, MI 48105. Network Express can be contacted at 313/761-5005, via fax at 313/995-1114 and the home page for NEI can be accessed at http://www.nei.com. TriCom is a division of the Iljin Group, a Seoul, Korea-based manufacturing company established in 1976 with 12,800 employees worldwide and sales of $18 billion in 1995. TriCom was founded in 1989 and has 28 employees. TriCom distributes various data communications and telecommunications products to the Korean marketplace. All trademarks are the property of their respective owners. CONTACT: Network Express Inc., Ann Arbor Wendy Skidmore, 313/761-5005 wskidmore@nei.com |
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