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Started by NetWeb Software Inc.
Mon, 23 Sep 2002 17:48
NHC Remains Undiscovered and Undervalued ! NHC TSX
Author: NetWeb Software Inc.
Date: Mon, 23 Sep 2002 17:48
Date: Mon, 23 Sep 2002 17:48
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7155 bytes
NHC Communications announces $1.8 million order from Second Major US ILEC ( NYSE, VZ) for its ControlPoint(TM) solutions MONTREAL, Quebec, Sep 19, 2002 (Canada NewsWire via COMTEX) -- NHC Communications Inc. (TSE: NHC) today announced that following the award of a multi-year contract it has received a first purchase order for several units of its larger model, the ControlPoint(TM) 5400, for an amount of $1.8 million. The order was received from NHC's second major US ILEC customer, which is initiating the adoption of NHC's ControlPoint(TM) automated mainframe solutions in its network. "In terms of both this customer and this first purchase, we have opened the door to an important long term opportunity," said NHC President and CEO Sylvain Abitbol. "We are confident that this significant purchase order will be a catalyst for a ramping up of sales of our ControlPoint(TM) solutions." The units will be shipped over the next month and, based on the credit terms provided, they should be paid during NHC's second quarter of fiscal 2003 ending January 2003. NHC's second major US ILEC is deploying the ControlPoint(TM) 5400 systems to fully automate their main distribution frames (MDFs) in a number of small unstaffed remote central offices. This deployment of NHC's automated MDF allows this ILEC to facilitate the deployment, provisioning, and maintenance of copper-based voice and data lines. Approximately ten (10) months ago, this second major US ILEC customer had placed an order to purchase from NHC two units of the CP 5400, for an amount of approximately CDN $700,000, following the successful completion of two first office application (FOAs) field trials at two separate locations. The ControlPoint(TM) systems will remotely manage the physical layer of voice and data cross-connections, such as POTS, T-1, ISDN, and xDSL thus streamlining its central office operations and increasing the efficiency of service to its customers. This ILEC expects to continue to place orders for NHC's ControlPoint(TM) solutions over the term of the multi-year contract. "We have worked very hard to provide this ILEC with the best solution to meet their requirements for "flow-through" automation," said NHC President and CEO Sylvain Abitbol. "This significant milestone confirms that we are taking a leadership position within the automated mainframe sector of the global telecommunications market. NHC COMMUNICATIONS NHC (www.nhc.com) is a leading provider of carrier class test access and deployment solutions for the copper-based telecommunications and Internet access markets and of innovative remotely controlled physical layer cross- connect solutions for established and next-generation voice/data networks. With a unique range of technologies, NHC is at the heart of today's corporate enterprise service market and the telecommunications industry. NHC maintains offices in Montreal, Quebec; Paris, France; and Manassas, Virginia. NHC's ControlPoint(TM) solution is an integrated Element Management System (EMS) controlling an automated, true any-to-any copper cross-connect switch capable of performing the four fundamental functions at the heart of all operations performed by incumbent local exchange carriers, competitive local exchange carriers, and multiple-tenant units and multiple-dwelling units: loop qualification, deployment and provisioning, fallback switching and service migration of DSL, ISDN, E1/T1 and POTS. "ControlPoint(TM)" is a trademark of NHC Communications Inc. Statements included here, which are not historical in nature, are forward- looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including without limitation, statements as to management's beliefs, strategies, plans, expectations or opinions in connection with the Company's performance, which are based on a number of assumptions concerning future conditions that may ultimately prove to be inaccurate and may differ materially from actual future events or results. Readers are referred to the documents filed by NHC with the pertinent Canadian security exchange commissions, specifically the most recent Quarterly Reports, Annual Information Form, Annual Report and Material Change Reports, each as it may be amended from time to time, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including rapid technological change along with the need to continually develop new products; the Company's dependence on a dominant product line; competition; the Company's dependence on key employees; difficulties in managing the Company's growth; the Company's dependence upon certain customers and certain suppliers; the Company's dependence upon proprietary rights; risks of third party claims of infringement; and government regulation. %SEDAR: 00001989EB VIEW ADDITIONAL COMPANY-SPECIFIC INFORMATION: http://www.newswire.ca/cgi-bin/inquiry.cgi?OKEY=35308 For further information: Sylvain Abitbol, President and CEO, NHC Communications Inc., s.abitbol(at)nhc.com, 1-800-861-1965, Fax: (514) 735-8057; Marvin Garellek, Marketing Director, NHC Communications Inc., m.garellek(at)nhc.com, 1-800-861-1965, Fax: (514) 735-8057 News release via Canada NewsWire, Montreal 514-878-2520 Copyright (C) 2002 CNW, All rights reserved
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