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Tekelec, FiberHome Develop Next-Generation Networking Solutions for China Operators; Agreement Expands Tekelec's Foothold in China; Places Tekelec 9000 Distributed Switching Solution at the Center of Next-Generation Networks
MORRISVILLE, N.C. & BEIJING --(Business Wire)-- July 19, 2005 -- Tekelec (NASDAQ: TKLC), a leading developer of telecommunications products for next-generation fixed, mobile and packet networks, and FiberHome Technologies Group, one of the largest providers of telecommunications equipment and services in China, today announced an agreement to integrate the Tekelec 9000 Distributed Switching Solution into FiberHome's next-generation network (NGN) portfolio.
The agreement expands FiberHome's NGN solutions with Tekelec's proven, carrier-class softswitch and media gateway, helping FiberHome to strengthen its position among tier-one operators in China and other international markets. The agreement provides for the exclusive deployment of Tekelec's media gateway for any mid- to large-size carrier opportunity. For Tekelec, the agreement expands its presence in China and opens up new opportunities through FiberHome's established relationships with the region's largest operators.
"Tekelec's next-generation switching solutions provide the highest scalability, reliability and flexibility to round out our NGN portfolio and continue to meet customers' needs," said Luey Wei Ping, vice president of FiberHome Technologies Group. "FiberHome has implemented business strategies for next-generation transport, wireless, access, data and switching networks. This agreement will further enrich and optimize the carrier-class features of our NGN portfolio and enhance our competitiveness."
The agreement is the result of a long-standing relationship between the two companies to create a complete portfolio of next-generation solutions for telecommunications operators in and around China. Tekelec established its Beijing Representative Office in 2002.
"As one of the leading local suppliers of next-generation solutions and an approved 3G supplier in China, FiberHome provides a strong, reputable channel for delivering the benefits of our switching solutions to current and up-and-coming operators in the region," said Fred Lax, president and chief executive officer of Tekelec. "The Tekelec 9000 distributed switching solution delivers a complete, flexible solution for next-generation network deployments."
About FiberHome Technologies Group
FiberHome Technologies Group is a major supplier of telecom infrastructure equipment in China. The company was formed in 1974 by the MPT (current MII). From the very beginning, FiberHome was vested by the government to develop optical cable and transmission equipment, which was heavily populated by foreign imports. FiberHome Networks, a subsidiary, has emerged as a strong player in networking equipment and Fiber-to-the-Home (FTTH) deployment. Revenue for 2003 was 2.3 billion yuan ($282.5 million), profit 42.4 million yuan ($5.1 million). FiberHome, based in Wuhan, Hubei province, is a publicly traded company and is the 57th largest electronics company in China.
About Tekelec
Tekelec is a leading developer of now and next-generation signaling and switching telecommunications solutions, business intelligence tools and value-added applications. Tekelec's innovative solutions are widely deployed in traditional and next-generation wireline and wireless networks and contact centers worldwide. Corporate headquarters are located in Calabasas, Calif., with research and development facilities and sales offices throughout the world. Tekelec's Beijing office was established in 2002. For more information, please visit www.tekelec.com.
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