Symmetricom's Telecom Solutions Division Signs Contract.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Oct. 9, 1996--SymmetriCom Inc. (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 : SYMM SYMM Synchronized Multimedia (W3C Working Group) ) announced today that in September 1996, the Company's Telecom Solutions division signed a contract with a major interexchange carrier See IXC. which provides for the purchase of up to $12.0 million of Telecom Solutions' synchronization systems through December 1998. The contract centers around the Local Primary Reference (LPR See LPR/LPD. lpr - Line printer. The Unix print command. This does not actually print files but rather copies (or links) them to a spool area from where a daemon copies them to the printer. ) products and also provides for the purchase of the Company's other central office-based network synchronization systems. In order to meet this customer's specific requirements, the Company has agreed to enhance several of its existing synchronization elements. Approximately $2.8 million of the $12.0 million was shipped in the first quarter of fiscal 1997 which ended September 30, 1996. "The primary new application for our products under this contract is our GPS-based Local Primary Reference," stated Ron Duren, President of Telecom Solutions. "Our LPR system features Telecom Solutions' advanced XR-5 GPS engine, which simultaneously combines the signals from up to six GPS satellites. The LPR system provides a stand-alone clocking system for important network nodes, providing timing and synchronization which is directly traceable to UTC (Coordinated Universal Time, Temps Universel Coordonné) The international time standard (formerly Greenwich Mean Time, or GMT). Zero hours UTC is midnight in Greenwich, England, which is located at 0 degrees longitude. , the international time standard. We believe the result is the finest GPS-based system available for critical timing applications, such as telephone central offices and mobile telephone switching Telephone switching Moving one's assets from one mutual fund or variable annuity to another by telephone. telephone switching The movement of an investor's funds from one mutual fund to another mutual fund on the basis of an order given via centers." SymmetriCom, Inc. conducts business through two separate operating units. Telecom Solutions is a leading worldwide supplier of advanced network synchronization systems for telephone companies, private network operators and wireless service providers. Telecom Solutions also makes intelligent access systems for these same customers. Linfinity Microelectronics Inc. makes linear and mixed signal integrated circuits as well as modules used in power supply, data communications and signal conditioning applications for commercial, industrial, and defense and space markets. CONTACT: SymmetriCom, Inc. Scott Kamsler, 408/943-9403 |
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