REPEAT/Telecom Italia Chooses ECI Telecom as a Major Supplier of Network Termination Units.PETAH TIKVA, Israel--(BUSINESS WIRE)--Aug. 11, 1999-- Overall Contract Value Over US $25 Million ECI Telecom ECI Telecom Ltd NASDAQ: ECIL, is a telecommunication equipment manufacturer based in Petah Tikva, Israel. Ltd. (NASDAQ/NM symbol: ECIL ECIL Electronics Corporation of India Limited ) announced today that it has been selected by Telecom Italia, to supply its PRONTO pron·to adv. Informal Without delay; quickly. [Spanish, from Latin pr  mptus; see prompt. + (Network Terminator plus two analog interfaces) BRI See ISDN. BRI - Basic Rate Interface ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. units. Following a competitive bidding Competitive bidding A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell. competitive bidding 1. process, which involved over 10 vendors, ECI Telecom was selected as a major supplier of Telecom Italia's ISDN Network Termination systems. With the high demand and rapid penetration of ISDN services in Italy, the new contract including options will exceed US $25 million. Under the new contract, ECI Telecom will supply its PRONTO+ units (Network Terminator plus two analog interfaces) to connect small businesses and residents throughout Italy to ISDN services. The new contract follows the opening of ECI ECI Employment Cost Index ECI Election Commission(er) of India ECI Enterprise Content Integration ECI Early Childhood Intervention ECI Environmental Change Institute Telecom's local sales office in Rome, Italy, "ECI Telecom Italia", at the beginning of 1999. "ECI Telecom's strategic decision to open a local office in Italy has already proved successful with the receipt of this new contract. We are proud to be chosen by Telecom Italia, for this significant project," said Mr. David Rubner, 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. , ECI Telecom. "ECI Telecom's Network Termination solutions have become extremely popular amongst leading service providers who aim to rapidly deploy sophisticated ISDN services within their countries. ECI Telecom has established a leading position in this market following the receipt of many significant contracts to supply ISDN Network Termination solutions," added Mr. Rubner. ECI Telecom's PRONTO+ offers simultaneous analog and Basic Rate ISDN (2B+D) over two B channels enabling subscribers to benefit from modern ISDN services (such as ISDN telephones, ISDN PABX (Private Automatic Branch eXchange) Same as PBX. PABX - Private Automatic Branch eXchange , group 4 fax, etc.) while being able to maintain existing analog subscriber services and equipment. PRONTO+ belongs to ECI Telecom's PRONTO series, developed in answer to the growing demand for ISDN services. The systems provide digital communications technology for enhanced business and residential online communications, and enables direct, cost-effective ISDN connectivity of up to 128Kbit/s. The PRONTO series supports an array of advanced service capabilities, such as high-speed access to the Internet, reliable data transfer, high-quality video conferencing and digital telephony, fast file transfer and electronic mail. ECI Telecom's PRONTO+ additionally features remote and local management via DTMF (Dual-Tone MultiFrequency) The type of audio signals that are generated when you press the buttons on a touch-tone telephone. See also DMTF. DTMF - Dual Tone Multi Frequency telephone sets or PC terminals. Supplementary call services including call conferencing, call waiting, call transfer, call forwarding, etc., are also included in the system's 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. features. ECI Telecom is a leading supplier of ISDN Network Termination solutions in Europe, with major contracts in Germany, Italy, Israel, Austria, Denmark, Belgium and Hungary. ECI Telecom Ltd. is a provider of integrated network solutions for digital communications and data transmission systems. The Company designs, develops, manufactures, markets and supports end-to-end digital telecommunications solutions for today's new services and converging networks. The Company's products create bandwidth, maximize revenues for network operators, expand capacity, improve performance and enable new revenue-producing services. In doing so, they enhance the capabilities of existing networks to support voice, data, video and multimedia services. ECI Telecom's equipment supports traffic in more than 300 service networks in over 145 countries. This press release and additional information about the Company, is now available on ECI TELECOM's site on the World Wide Web: http://www.ecitele.com. If you would like to receive future news releases electronically, please forward your email address to eci.enews@inc.ecitele.com Certain statements contained in this release may contain forward-looking information with respect to plans, projections or future performance of the Company. By their nature, forward-looking statements involve certain risks and uncertainties including, but not limited to, product and market acceptance risks, the impact of competitive pricing, product development, commercialization and technological difficulties and other risks detailed in the Company's filings with the Securities and Exchange Commission. |
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