Shanghai Bell Signs Letter of Intent to Distribute NeTrue's Vipersat Technology in Greater China.Business Editors and High-Tech Writers LOS ANGELES--(BUSINESS WIRE)--June 12, 2001 NeTrue Communications Inc. (CDNX CDNX See Canadian Venture Exchange (CDNX). :NTU NTU - Network Termination Unit :U)(NeTrue), a leading provider of innovative IP-based solutions, today announced it has signed a Letter of Intent (LOI LOI Letter of Indemnity (international trade and carriage business) LOI Letter Of Intent LOI Loss On Ignition LOI Letter of Inquiry LOI Lack Of Information LOI Lack of Interest LOI Letter of Invitation LOI List Of Items ) with Shanghai Bell to distribute NeTrue's Vipersat VSAT (Very Small Aperture satellite Terminal) A small earth station for satellite transmission that handles up to 56 Kbits/sec of digital transmission. VSATs that handle the T1 data rate (up to 1.544 Mbits/sec) are called "TSATs. network solutions in Greater China. The LOI calls for Shanghai Bell to purchase an initial VSAT demonstration system valued at $500,000 and includes the parties' intention to sign a definitive Private Labeling agreement by June 30, 2001. In conjunction, BeTrue, a joint venture between NeTrue and Shanghai Bell, and 51% owned by NeTrue, will enter into a support agreement to provide systems integration, project implementation, technical support, consulting, and training to the end customers purchasing VSAT IP products and services from Shanghai Bell. NeTrue and Shanghai Bell have also agreed to evaluate additional co-operation agreements including in-country manufacturing arrangements. "We are extremely pleased to be adding the distribution of our VSAT networking solutions to our already strong partner relationship with Shanghai Bell, the premier telecommunications vendor in China," said Eric Gurr, chief executive officer of NeTrue. "NeTrue and Shanghai Bell, with established sales and support channels throughout China, and a commitment to next-generation telecommunication technologies, are dedicated to meeting Greater China's enormous need for ubiquitous, reliable, easily deployable, and independent IP satellite technology. "We chose NeTrue Vipersat's IP VSAT technology because it is proven, flexible, and cost-effective in providing a highly reliable voice, video, and data network over satellite," said Jihua Tang, chief engineer of Shanghai Bell Data Network Division, "With a large and growing IP wireless market in China, the Vipersat IP VSAT technology provides a needed wireless market solution." Vipersat Networks, a division of NeTrue Communications, is a provider of two-way over satellite multimedia IP solutions. The company's networks are designed to deliver quality multimedia communications including video, data, Internet, and Voice over IP. Vipersat's networks utilize a variety of techniques, including SCPC SCPC Single Channel Per Carrier SCPC Supercritical Pulverized Coal (power generation) SCPC South Caucasus Pipeline Company SCPC Signal Corps Photographic Center , DAMA, STDMA STDMA Self-Organizing Time Division Multiple Access STDMA Space-Time Division Multiple Access , high-speed bandwidth switching, and channel sharing which optimize space segment usage and result in cost-efficient solutions. In addition, Vipersat's networks include proven network management and monitoring software for a complete network management solution. Vipersat Networks installed its first IP-based network in the Asian region in 1998 and its initial DVB (Digital Video Broadcasting) An international digital television (DTV) standard that is the European and Far Eastern counterpart of the North American ATSC standard. network in July 2000. About Shanghai Bell Shanghai Bell Ltd., is a joint venture operation between Huaxin Post and Telecommunications Economic Development Center of China, Alcatel Bell and the Belgian Administration for Development Cooperation. Shanghai Bell was established in 1984 and currently has more than 3,000 employees, with sales and marketing offices all over China, and research and development centers in China and Belgium. Shanghai Bell develops and markets products for the access network, GSM, broadband and voice and data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. . About NeTrue Communications NeTrue Communications Inc. provides intelligent, software-driven network management solutions for next generation, IP-based communications networks The transmission channels interconnecting all client and server stations as well as all supporting hardware and software. . NeTrue's core technologies include the N-Solutions, six flexible modules for the management of voice and data over IP. Vipersat Networks, a division of NeTrue, is a Satellite Network Solutions provider for private enterprise and public Internet applications utilizing advanced IP technology to support high quality switched multi-media wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. . To learn more about NeTrue, visit www.netrue.com or www.vipersat.com. Note to Editors: The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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