Westell Announces New Wireless Gateway Product; Offers Networking Solution for Home or Office; Expands Broadband Portfolio.Business Editors AURORA, Ill.--(BUSINESS WIRE)--March 11, 2003 Westell Technologies, 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 : WSTL), a leading provider of broadband access See broadband and wireless broadband. solutions, today announced that it has further expanded its rapidly growing line of reliable and flexible ADSL See DSL. ADSL - Asymmetric Digital Subscriber Line Gateway products with a new Model 2460. The new 2460 Gateway offers DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary service providers a home networking solution that extends Internet access beyond a single PC. With the 2460 Gateway, service providers can offer their customers Westell's reliable, high performance modem combined with wireless and wired networking options including HomePNA. Westell's Gateway line is designed for both residential and Small and Medium Enterprise (SME (1) (Small and Medium-sized Enterprise) See SMB. (2) (Subject Matter Expert) An individual who is well-versed in the policies and procedures of a particular department or division. ) applications permitting a quick and easy means of networking while enabling service providers with broadband revenue building opportunities. The new 2460 Gateway enhances the value of the DSL broadband Internet access Broadband Internet access, often shortened to just "broadband", is high speed Internet access—typically contrasted with dial-up access over modem. Dial-up modems are generally only capable of a maximum bitrate of 56 kbit/s (kilobits per second) and require the full use of a service by allowing multiple users to network their PCs to the DSL modem. We believe that service providers can benefit from the networked DSL connections because they are expected to increase the customer value proposition and reduce customer turnover. The Gateway provides an exceptional service delivery platform that enables future voice/video and data applications. Westell's 2460 Gateway includes an industry leading ADSL modem with integrated networking options that include a 4-Port Ethernet Switch, USB USB in full Universal Serial Bus Type of serial bus that allows peripheral devices (disks, modems, printers, digitizers, data gloves, etc.) to be easily connected to a computer. , wireless 802.11b and HomePNA. In addition to providing superior modem and networking options, the 2460 Gateway is feature packed to include statefully inspected packet-filtering firewall for network security, high performance NAT (Network Address Translation) An IETF standard that allows an organization to present itself to the Internet with far fewer IP addresses than there are nodes on its internal network. routing and a user-friendly interface for easy installation. Westell's line of Gateway products features a flexible architecture that permits easy upgradeability for new software enhancements. The Gateway products are manufactured in Westell's U.S. factory located in Aurora, Illinois. "Deploying complete networked broadband solutions has never been easier with our expanded line of Gateway products. Westell is committed to discover and offer the most innovative new broadband products," said Brian G. Powers, Vice President, Marketing. "Our Gateway line successfully combines flexible networking, unsurpassed performance and easy installation into a sleek, highly desirable product," Powers added. About Westell Westell Technologies, Inc. (NASDAQ: WSTL) headquartered in Aurora, Illinois is a broadband access solutions company that provides leading broadband products, service solutions, and conferencing solutions for carriers, service providers and business enterprises around the world. Westell delivers innovative, open broadband solutions that meet our customers' needs for fast and seamless broadband connection. Conference Plus, a Westell subsidiary, offers conferencing services including voice, video, and IP data conferencing, to carriers and multi-national corporations throughout the world. For more information visit www.westell.com. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 1995: Certain statements contained herein including, without limitation, statements containing the words "believe," " on track, " "anticipate," "committed" "expectation," "expect," "estimate", "await," "continue," "intend," "may," "will," "should," and similar expressions are forward looking statements that involve risks and uncertainties. These risks include, but are not limited to, product demand and market acceptance risks, need for financing, the economic downturn in the U.S. economy and telecom market, the impact of competitive products or technologies, competitive pricing pressures, product development, excess and obsolete inventory Obsolete Inventory Term that refers to inventory that is at the end of its product life cycle and has not seen any sales or usage for a set period of time usually determined by the industry. This type of inventory has to be written down and can cause large losses for a company. due to new product development, commercialization and technological delays or difficulties (including delays or difficulties in developing, producing, testing and selling new products and technologies), the effect of Westell's accounting policies, the need for additional capital, the effect of economic conditions and trade, legal social and economic risks (such as import, licensing and trade restrictions) and other risks more fully described in Westell's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended March 31, 2002 under the section "Risk Factors". Westell undertakes no obligation to release publicly the result of any revisions to these forward looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. |
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