SATELLITE TECHNOLOGY MANAGEMENT RECEIVES $4.2 MILLION CONTRACT FROM BRAZILIAN STOCK EXCHANGE.IRVINE, Calif.--(BUSINESS WIRE)--JANUARY 3, 1994--SATELLITE TECHNOLOGY MANAGEMENT, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (STM (Scanning Tunneling Microscope) A microscope that can image down to the atomic level. An STM uses a piezoelectric tube with a tiny sharp tip at the end that is moved within nanometers of the object being sampled. ), (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 NM Symbol: STMI STMI Synchronous Transport Module I (also seen as STM-I) STMI Spectro-Temporal Modulation Index STMI Statute Mile STMI Single Table with Multiple Index Access ), today announced that it has been awarded a $4.2 million contract for a satellite-based communications network for the Rio De Janeiro stock exchange Rio de Janeiro Stock Exchange (Bolsa do Rio) Brazil's major securities market. , Bolsa de Valores do Rio De Janeiro Rio de Janeiro, city, Brazil Rio de Janeiro (rē`ō də zhänā`rō, Port. rē`  thĭ zhənĕē`r . The private, turnkey
satellite network will establish direct communication links between the
remote exchange centers of ten of Brazil's largest cities and the
Exchange's main trading floor in Rio De Janeiro. The contract also
includes a five-year service commitment for network installation,
support, and maintenance which will be provided through STM's
Brazilian subsidiary, STM do Brasil.Commenting on the decision to install an STM network, Bernardo Schneiderman, SATELLITE TECHNOLOGY Management's Director of South American sales and marketing stated, "The Rio De Janeiro stock exchange is preparing to meet the challenge of a deregulated and booming economy. With the support of STM, the Exchange will be able to rapidly and economically expand its network, enjoy a high degree of reliability, and have access to complex functions such as video conferencing and other multimedia applications. These are important capabilities that are simply not available through the existing public network." Pedro Martins, President of STM do Brasil, further commented, "STM do Brasil has positioned itself to provide support to existing clients and to capture more sales and service business in Brazil, this contract confirms that strategy and reflects the excellence of our product." Satellite Technology Management, Inc., headquartered in Irvine, California, is a leading manufacturer of satellite and radio communications products, including VSATs, transceivers, modems and other networking equipment. STM products are designed to support data, fax, voice and video networks requiring cost-effective connections between geographically dispersed locations. The Company's proprietary equipment and software are installed, in North America, Latin America, Europe and the Asia/Pacific. Information contained herein was obtained by Lippert/Heilshorn & Associate, Inc. (LHA A popular freeware compression program developed by Haruyasu Yoshizaki that uses a variant of the LZW (LZ77) dictionary method followed by a Huffman coding stage. It runs on PCs, Unix and other platforms as its source code is also free. ) from Satellite Technology Management, Inc. and other sources deemed reliable by LHA. LHA is employed by Satellite Technology Management, Inc. as its investor relations firms and LHA or its officers or employees may have a position in Satellite Technology Management Inc.'s securities. This information is not a solicitation of the purchase or sale of securities. CONTACT: LIPPERT/HEILSHORN & ASSOC ASSOC Association ASSOC Associate(d) .
Keith Lippert/Lorin Cohen, 212/838-3777
or
SATELLITE TECHNOLOGY MANAGEMENT INC.
Frank T. Connors, 714/753-7864
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