Newport Networks Signs Major OEM Agreement with Leading European Fixed/Mobile Network Equipment Vendor
07th March, 2008. Newport Networks Limited announced today that negotiations have been completed regarding the supply of a broad range of Border Gateway products to a world leading vendor of Next Generation Networks and solutions. An OEM Agreement has been completed and signed by both parties. Confidentiality provisions of the Agreement preclude the naming of the vendor at this time. The Company anticipates substantial business arising from this Agreement. Revenue is expected to grow through 2008 with the main impact in 2009 and beyond.
The Newport technology was selected after comprehensive testing of performance, features and integration capabilities with core network elements. The Newport technology offers industry-leading performance and will be used for sophisticated media switching, security and quality of service requirements in support of the deployment of global networks and advanced IP services.
John Everard - Chief Executive Officer said, "The completion of this Agreement represents a major milestone for the Company. It is a significant achievement, recognizing the broad range and technical capabilities of our product line and readiness for large-scale services deployment."
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About Newport Networks
Newport Networks designs, develops and supplies session border controller and border gateway solutions that address the key service delivery issues of quality and security in multimedia networks. The products enable service providers to create new revenue streams from VoIP and MoIP while controlling the cost of delivery. Founded in 2000, Newport Networks is headquartered in the UK with its Research and Development facilities in High Wycombe and sales offices and distribution partners worldwide. Newport Networks Group PLC is listed on the Alternative Investment Market of the London Stock Exchange. Further information at www.newport-networks.com
Enquiries:
Rebecca Honeyman
Hotwire
+44 (0) 207 608 2500
newport@hotwirepr.com
For the Company:
Dave Gladwin
+44 (0) 1291 435 700 (HQ)
+44 (0) 7880 717 459 (Cell)
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