Tioga Technologies to Begin Trading On the Tel Aviv Stock Exchange.Business Editors/High-Tech Writers TEL AVIV, Israel--(BUSINESS WIRE)--July 17, 2001 Tioga Technologies, 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 : TIGA (Texas Instruments Graphics Architecture) An earlier graphics standard from TI that provided a resolution-independent interface between the application and graphics processor. See 34010. ) today announced that its shares have been approved for trading on the Tel Aviv Stock Exchange Tel Aviv Stock Exchange Israel's only stock exchange. (TASE TASE Tel Aviv Stock Exchange TASE The All Seeing Eye TASE Tactical Air Support Element TASE Thrust Assessment Support Environment TASE Telecontrol Application Service Elements (IEC communications protocol) ). Trading is expected to begin on Thursday, July 19, 2001 under the symbol "TIOGA". The dual listing will enable Tioga to take advantage of changes in Israeli law that simplify the listing process for companies which are already traded on the Nasdaq National Market, the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. , or the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . The new law enables companies to list easily with minimal incremental costs and reporting obligations. In the event that Tioga's shares are delisted from the Nasdaq National Market within one year following their listing on the TASE, they may also be delisted from the TASE, unless Tioga publishes a prospectus in Israel or otherwise satisfies the dual listing requirements. Tioga is currently in discussions with Nasdaq officials regarding its compliance with Nasdaq's conditions for continued listing on the Nasdaq National Market. The dual listing will provide access to more Israeli and international investors who currently do not or cannot trade U.S. shares because of various restrictions, high costs, time differences, or technical difficulties. The advantages of a dual listing include a much longer trading day and low-cost order execution on the Tel Aviv Continuous Trading (TACT) system. About Tioga Technologies Tioga Technologies Ltd. (NASDAQ: TIGA) is a leading provider of standard ICs for broadband communications with expertise in both systems and deployment. Tioga's digital subscriber line See DSL. (communications, protocol) Digital Subscriber Line - (DSL, or Digital Subscriber Loop, xDSL - see below) A family of digital telecommunications protocols designed to allow high speed data communication over the existing copper telephone lines between end-users and (DSL) ICs enable the digital transmission of voice, video and data over standard telephone lines. Tioga develops chips employing a range of DSL technologies including ADSL/G.lite, G.SHDSL A DSL technology from the ITU (G.991.2) that provides symmetric transmission from 192 Kbps to 2.3 Mbps using a single copper pair, depending on distance from the central office (from 20,000 ft. to 6,500 ft.). With two wire pairs, 384 Kbps to 4.6 Mbps can be achieved. G. , and VDSL. Tioga is headquartered in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. , and maintains its R&D center in Tel Aviv, Israel. For more information, please visit our web site at www.tiogatech.com. Safe Harbor Statement Certain of the statements contained herein may be considered forward-looking statements that involve risks and uncertainties including, but not limited to, risks in product development plans and schedules, rapid technological change, changes and delays in product approval and introduction, customer acceptance of new products, sales to a concentrated group of customers, market acceptance, lengthy sales cycles, risks of operations in Israel and dependence on subcontractors for the manufacture of products. Such risks and uncertainties are set forth in the Company's SEC reports including the Company's Form 20-F. Results of operations in any past period should not be considered indicative of the results to be expected for future periods. You may register to receive Tioga's future press releases or to download a complete Digital Investor Kit(TM) including press releases, regulatory filings and corporate materials by clicking on the "Digital Investor Kit(TM)" icon at www.kcsa.com. |
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