Printer Friendly

IBM'S NETWORKING HARDWARE DIVISION AND PROTEON ANNOUNCE JOINT DEVELOPMENT AGREEMENT

 WESTBOROUGH, Mass., Jan. 14 /PRNewswire/ -- Proteon, Inc., (NASDAQ: PTON) a manufacturer of networking and internetworking products based in Westborough, Mass., and IBM's (NYSE: IBM) Networking Hardware Division today announced the signing of an agreement for the joint development of a new generation of internetworking products in the remote site category that will complement each company's products. The agreement encompasses joint development, manufacturing, technology licensing and support.
 "We are very enthusiastic about the prospects of joining forces with IBM as we focus on serving customer needs in the SNA internetworking marketplace," said Bruce Bergman, Proteon's president and chief executive officer. "This agreement will build on IBM and Proteon's recognized strengths in delivering highly reliable internetworking solutions."
 "We look forward to working with Proteon to effectively leverage our complementary skills to address this marketplace," said Antoine Granatino, division director, campus networking for IBM's Networking Hardware Division. "This agreement enables us to extend the range of internetworking solutions offered by Proteon and IBM."
 -0- 1/14/94
 /CONTACT: Lacey Brandt of Proteon Investor Relations, 508-898-2800; or Deborah Siegel of IBM Media Relations, 914-642-5377/
 (PTON IBM)


CO: Proteon, Inc.; IBM's Networking Hardware Division ST: Massachusetts IN: CPR SU: JVN

DJ-DD -- NE002 -- 2035 01/14/94 08:10 EST
COPYRIGHT 1994 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 14, 1994
Words:204
Previous Article:BIO-VASCULAR FILES FOR FDA CLEARANCE TO MARKET PERI-GUARD PRODUCT FOR USE IN LUNG SURGERY
Next Article:YPF ANNOUNCES 1994 NATURAL GAS PRICES FOLLOWING PRICE DEREGULATION
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters