SR Telecom signs purchase agreement worth $75 million with AT&T for delivery of SR500 Systems to Saudi Arabia.MONTREAL, Quebec--(BUSINESS WIRE)--Jan. 9, 1995--SR TELECOM INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (ME,TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : SRX (Speed and Range EXpansion) A proprietary MIMO-based wireless LAN technology from Linksys, a division of Cisco Systems (www.linksys.com). It was introduced in 2004 prior to standardization of 802.11n. See MIMO and 802.11n. ) Montreal based SR Telecom (SRT (1) (Source Routing Transparent) An IEEE-standard that provides bridging between Ethernet and Token Ring networks. Ethernet LANs use transparent bridging, and Token Ring LANs use source route bridging (SRB). ) announced today that it has signed a Purchase Agreement, extending over five years, with AT&T International (Saudi Arabia) valued at approximately $75 Million for the supply of its digital, high capacity, SR500 product for use in the SRS SRS, SRS-A see slow-reacting substance. (Subscriber Radio Systems) portion of the "TEP-6" project in the Kingdom of Saudi Arabia. All ancillary items including solar power, towers, antennas, local works and installation will be supplied by AT&T. These SR500 systems will provide the highest quality telephone lines, both domestic and payphone payphone Noun a coin-operated telephone payphone pay n → Münztelefon nt; (card phone) → Kartentelefon nt , to the rural regions of the Kingdom. The overall "TEP-6" project was awarded to AT&T in August 1994 as a result of a request for tender issued in 1993 by the Ministry of Post, Telegraph and Telephone (MOPTT MOPTT Ministry of Public Works, Transport and Telecommunication ) of Saudi Arabia. The request was a major expansion of the telecommunications network in Saudi Arabia and was bid by invitation only by the world's seven largest telecommunications companies. SRT was a member of the successful AT&T team that submitted its tender for the project in 1993. Under the terms of their Agreement with the MOPTT AT&T will supply some 1,500,000 telephone lines throughout Saudi Arabia over a period of about seven years for US $4 Billion. All of SRT's usual competitors bid for the SRS portion of the TEP-6 project either in conjunction with their parent organizations or to companies other than AT&T. SRT expects that deliveries of SR500 systems to AT&T could commence as early as Q4 in 1995 and will accelerate through 1996 and 1997. SRT's portion of the project should be completed by about the year 2000. SRT previously delivered a significant quantity of its SR100 system to Saudi Arabia in the early '80's. Ron Couchman, 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 SR Telecom Inc. stated today, "We at SRT are extremely pleased and proud to be part of the highly important TEP-6 project in Saudi Arabia and to be associated with a company of AT&T's international reputation and stature. Coupling this success with SRT's other important successes in 1994 in Finland, South Africa, Ecuador, Thailand, The Philippines, Kenya, Jordan, Vietnam, and China, I have every confidence in SR Telecom's continuing prospects for future growth in what is a rapidly growing market." SR Telecom designs, manufactures and markets point-to-multipoint microwave products for the provision and upgrade of telephone systems in rural and remote areas. The company is a world leader in this technology and its systems are now in use in over 75 countries. SRT is headquartered in St.Laurent, Quebec. The company employs over 600 people. SRT is a publicly held company trading on both the Montreal and Toronto Stock Exchanges, under the symbol SRX. CONTACT: SR Telecom Inc.
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