Psion PLC Takes Stake in Voice Over IP Technology; Psion PLC Forms Partnership With Quicknet Technologies Inc.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--March 2, 2000 Psion PLC today announces it has signed an agreement to take a c.3 percent stake in Quicknet Technologies, the US-based specialist in low-density Internet telephony Another term for IP telephony and VoIP. In the late 1990s, some people made a distinction between Internet Telephony and VoIP: Internet telephony referred to voice over the public Internet, while VoIP referred to voice over private IP networks. products. Psion's stake in Quicknet will be financed either through an issue of new Psion shares valued at around $2.25 million or by cash. This stake will guarantee Psion a seat on the Quicknet board and will facilitate development of a range of mobile Voice over IP telephony The two-way transmission of voice over a packet-switched IP network, which is part of the TCP/IP protocol suite. The terms "IP telephony" and "voice over IP" (VoIP) are synonymous. products by Psion Dacom, Psion PLC's wholly-owned data-communications subsidiary. The first product due out in the second half of this year will be a Voice over IP Type II PC card which will allow mobile users to make high quality telephone calls over the Internet from their laptops at a fraction of the current cost. The new product will work with popular Internet telephone client gateways such as Net2Phone (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 : NTOP NTOP Nt Option Pack ) and deltathree.com (NASDAQ: DDDC DDDC Dedicated Design Day Capacity (natural gas rate calculation) DDDC Defense Distribution Depot, San Diego, CA DDDC Defense Debriefing & Document Center ). Future products are intended to offer full remote Internet and voice access through wireless technology. "Voice over IP is a very significant technology in the mobile Internet arena," said Andrew Clifforth, Head of Product Development at Psion Dacom. oWe are developing a range of products for mobile executives, which will expand and enhance mobile users' Internet experiences, exploiting the convergence of voice and data technologies," he said. Stacey Reineccius, 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 Quicknet Technologies, Inc. commented: "VoIP will revolutionize the way remote workers keep in touch with their organizations and the partnership between Quicknet and Psion Dacom will enable businesses to benefit from these technologies by providing a tailor-made solution for mobile computer users." About Psion PLC Psion PLC is a group of companies focusing on providing mobile Internet and corporate network solutions. Psion PLC designs, develops, manufactures and markets handheld computing products for consumer, enterprise and industrial markets. Psion PLC is also a world leader in mobile network product markets. Psion PLC has a worldwide distribution network comprising sales companies in the USA, Germany and Holland, as well as more than 50 independent overseas distributors. About Quicknet Technologies, Inc. Quicknet Technologies Inc. has been the leading innovator in low-density Internet telephony telephony hardware and software since 1995. It is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. whose investors include Rare Medium Group Inc. (NASDAQ: RRRR RRRR Raritan River Rail Road RRRR Rare Medium Corp. (NASDAQ stock symbol) ) based in San Francisco specializing in the design and manufacture of low density internet telephony products for small businesses. Sold in 175 countries around the world, Quicknet's products enable users effectively to boost their internet telephone call quality and ease-of-use and are available to resellers directly through Quicknet and are available to end customers through dealers, distributors and catalogue superstores. For more information, please call Quicknet at +1-415-864-5225, send e-mail to sales@quicknet.net, or visit Quicknet on the web at www.quicknet.net. About Psion Dacom: Psion Dacom PLC is the mobile data communications division of Psion PLC, the group of companies focusing on providing mobile Internet solutions. The company employs 300 people at its headquarters in Milton Keynes, United Kingdom, where it designs, manufactures and markets a number of mobile communications and connectivity products. As an ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9002 accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. company, Psion Dacom's products are engineered to the highest quality standards to meet the demands of today's mobile communications environment and enjoy an enviable reputation worldwide for reliability and dependability. |
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