TTI Telecom Signs Strategic Alliance With TSIP.Business Editors/High-Tech Writers PETACH TIKVA, Israel--(BUSINESS WIRE)--Dec. 8, 2000 TTI Telecom TTI Telecom (NASDAQ: TTIL), founded in 1992, is a leading provider of next generation Operations Support Systems (OSS) to communications service providers worldwide. TTI Telecom’s Netrac-branded portfolio delivers an automated, proactive and customer-centric approach to service Broadens Distribution Channel to Further Penetrate Latin American and European Telecom Markets TTI Telecom International Ltd. (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 : TTIL TTIL Theater Tracked Item List ), a leading provider of integrated, turnkey software solutions for telecom service providers, today announced that it had signed a strategic partnership with Spain-based TSIP TSIP Trimble Standard Interface Protocol TSIP True Side Impact Protection (child restraint systems) TSIP Tainan Science-based Industrial Park (Taiwan; also seen as TSBIP) ("TELECOMUNICACIONES, SISTEMAS E INGENIERIA DE PRODUCTOS, SA") to integrate, market and sell TTI TTI Texas Transportation Institute TTI Thoracic Trauma Index TTI Transmission Time Interval TTI Travel Time Index TTI Travel Technology Initiative TTI Technology Transfer Initiative TTI Traffic and Traveller Information TTI Technology Transfer Institute Telecom's OSS Oss (ôs), city (1994 pop. 62,141), North Brabant prov., S Netherlands; chartered 1399. It is a significant industrial center. Manufactures include meat products, chemicals, pharmaceuticals, electrical equipment, and metalware. (Operational Support Systems) solutions to TSIP's existing and new service provider customers. TSIP, a subsidiary of Radiotronica Spanish Group, is an international network services provider specializing in Network Structures deployment and Management Systems engineering for telecommunications networks A telecommunications network is a of telecommunications links and nodes arranged so that messages may be passed from one part of the network to another over multiple links and through various nodes. . The company offers technology integration, consultancy and systems engineering to provide best of breed solutions to its customers. Radiotronica is the former systems integrator division of Spain's Telefonica S.A., a diversified telecommunications operator and multimedia group that provides a comprehensive range of services in Spain and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . The agreement calls for TSIP to integrate TTI Telecom's OSS solutions with its current offerings for resale to wireline and wireless telecom services providers affiliated with Telefonica S.A. globally. TTI Telecom is expected to commence training TSIP's sales and support staff on its OSS solutions immediately and expects to complete the process in approximately three months. Julian Galindo, General Manager of TSIP, said, "This agreement establishes a important improvement in our strategy of providing global and integrated solutions in the systems and telecommunications networks market. TTI Telecom's OSS offering clearly complements our portfolio and gives both companies an important competitive advantage in the market for Operations Support and Network Management systems." Meir Lipshes, Chief Executive Officer of TTI Telecom, stated, "Our alliance with TSIP is in keeping with our strategy of partnering with larger companies that have a focus on the telecom industry to secure additional sales opportunities. TSIP's reputation as a premier telecom systems integrator will enable us to greatly expand our distribution footprint in the fast-growing Latin American and European telecom markets." About TSIP TSIP (Telcomunicaciones, Sistemas e Ingenieria de Productos), a subsidiary of the Spanish group Avanzit, is an international engineering company specialized in "turnkey" solutions in Telecommunication Systems and Information Systems. Its market is focused in Telecom Operators and Corporations. The company offers technologies integration to provide the best solutions for the customers business strategy, being the differential values: technological independence, wide experience in consultancy and systems engineering, capacity for setting up large Networks and Management systems, development of customized hardware and software solutions, Technical Assistance Center with international coverage, and compliance with international quality standards. TSIP has more than 500 employees, and is present in many countries in Europe and America About TTI Telecom: TTI Telecom International Ltd. develops, markets and supports advanced, modular, integrated software Separate software components or applications that have been combined into one package. See integrated software package. products and services for operations support systems Operations Support Systems (also called Operational Support Systems or OSS) are computer systems used by telecommunications service providers. The term OSS most frequently describes "network systems" dealing with the telecom network itself, supporting processes such ("OSS") and network management systems ("NMS See NetWare Management System. ") in the telecommunications industry. The Company's solutions, based on its Netrac family of products, enable telecommunications service providers A Telecommunications Service Provider or TSP is a type of Communications Service Provider that has traditionally provided telephone and similar services. This category includes ILECs, CLECs, and mobile wireless companies. to improve the quality of existing services, streamline their operations in order to compete cost-effectively, maximize the return on their investment in network infrastructure and offer new services over complex networks. The Company's products manage mission-critical functions, such as fault management, performance management, configuration management and security management. Its growing family of Netrac NMS/OSS application tools are used by over 50 telecommunications service providers worldwide. Forward looking statements in this release involve a number of risks and uncertainties including, but not limited to, product demand, pricing, market acceptance, changing economic conditions, risks in product and technology development, the effect of the Company's accounting policies as well as certain other risk factors which are detailed in the Company's SEC filings. |
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