REPEAT/ Elron Telesoft And ADC Team To Offer A Managed Internet Broadband Access Solution.Business/Technology Editors SUPERCOMM 2000 REPEATING... BURLINGTON, Mass.--(BUSINESS WIRE)--May 31, 2000 Elron TeleSoft, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Elron Electronics, Ltd. (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 :ELRNF), today announced that it has entered into a letter of intent with ADC Telecommunications ADC Telecommunications (NASDAQ: ADCT) is a communications company located in Eden Prairie, Minnesota, a southwest suburb of Minneapolis. History In 1935, Ralph Allison founded ADC Telecommunications in the basement of his south Minneapolis home, inventing ADC's very , Inc. (NASDAQ:ADCT ADCT Adaptive Discrete Cosine Transform ) a leading global supplier of network equipment, software and integration services for broadband, multiservice networks. Under the terms of the alliance, Elron TeleSoft's comprehensive service management solution will be integrated into the intelligent Access Network (TM) (iAN), ADC's programmable multi-service gateway. Integrating Elron TeleSoft's carrier class, IP service selection management tool, InterTools(TM), with the iAN platform, is designed to enable ADC (1) See A/D converter. (2) (Apple Display Connector) A peripheral connector from Apple that combines digital video display, USB and power in one cable. to extend its residential and SOHO Soho (sōhō`, sə–), district of Westminster, London, England, known for its continental restaurants. Once a fashionable quarter, it became popular among writers and artists in the 19th cent. ADSL See DSL. ADSL - Asymmetric Digital Subscriber Line offering to encompass broadband service selection capabilities, and other value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. applications including accounting, customer management, on-line monitoring and web-based management. Elron TeleSoft's InterTools enables carriers including MSOs, CLECs and ILECs to introduce high value IP services and broadband Internet access Broadband Internet access, often shortened to just "broadband", is high speed Internet access—typically contrasted with dial-up access over modem. Dial-up modems are generally only capable of a maximum bitrate of 56 kbit/s (kilobits per second) and require the full use of a to such markets as ISPs and corporate virtual private networks. Additionally, use of InterTools allows carriers and service providers to better manage service level agreements while offering content and other revenue generating services. "We selected Elron TeleSoft's InterTools because it features a technology that enables dynamic broadband service selection, auto provisioning and self registration. By tapping into Elron TeleSoft's IP service management expertise we were able to shorten our time to market," said David Goldschmidt, vice president of Marketing & Product Management in ADC's Broadband Access and Transport Group. To learn more about Elron TeleSoft's InterTools capabilities and ADC's iAN platform, visit ADC's exhibit at Supercomm, June 6 -8, 2000 in Atlanta booth #7439. The final definitive terms of the alliance between ADC and Elron will be subject to a formal agreement which the parties are presently working together to complete. About Elron TeleSoft, Inc: Elron TeleSoft (www.elrontelesoft.com) develops and provides innovative, carrier-class IP service management and network management software solutions for the worldwide telecommunications industry. The company's products reliably and cost-effectively enable carriers, service providers and telecommunications vendors to leverage existing and future network infrastructures. Elron TeleSoft is a wholly owned subsidiary of Elron Electronics, Ltd. (NASDAQ:ELRNF). With headquarters in Burlington, MA, Elron TeleSoft employs over 300 people. About ADC ADC is The Broadband Company. ADC's network equipment, software and integration services make broadband communications a reality worldwide by enabling communications service providers to deliver high-speed Internet, data, video and voice services to homes and businesses. ADC (Nasdaq: ADCT) has annual sales of over $2.3 billion and employs more than 16,900 people worldwide. ADC's stock is included in the Standard & Poor's 500 Index and the Nasdaq-100 Index. Learn more about ADC Telecommunications, Inc. at www.adc.com. |
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