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Nayna Networks and WICE-NET, Ltd. Announce US$12 Million Network Solutions Agreement Monday May 8, 10:15 am ET Initial Purchase Orders Totaling US$7 Million Received
Nayna Networks and WICE-NET, Ltd. Announce US$12 Million Network Solutions Agreement Monday May 8, 10:15 am ET Initial Purchase Orders Totaling US$7 Million Received
SANTA CLARA, Calif. and MUMBAI, India, May 8, 2006 (PRIMEZONE) -- Nayna Networks, Inc. (OTC BB:NAYN.OB - News), a provider of next-generation network solutions headquartered in Santa Clara, California, USA, and WICE-NET, Ltd., a provider of broadband access services in the India subcontinent and Africa, today announced they have finalized an agreement through which Nayna will be the exclusive network systems solutions and equipment provider for WICE-NET's triple-play broadband access deployments. ADVERTISEMENT
WICE-NET is currently moving forward with a project in Africa and has associations/partnerships with major Indian carriers to provide solutions.
Under the terms of the agreement, Nayna will provide advanced equipment for WICE-NET installations, including solutions using Ethernet and SDH-based technologies. Monitoring and control will be done by Nayna's versatile and standards-based element management system ``AN NetCharmer''. Nayna will also provide WICE-NET with necessary network design, network planning and optimization services, and technical support to enable the deployment of multimedia services in a cost-effective manner with optimal Operating Expenditure (OPEX).
The total value of the agreement is expected to be US$12 million over the next twelve months. To supply its requirements in Africa and India, WICE-NET has given Nayna initial purchase orders valued at US$7 million.
``By working with Nayna, WICE-NET can seamlessly integrate the various equipment technologies with effective management required for our broadband networks,'' said Balasahab Kadam, chairman of WICE-NET. ``Nayna is recognized as a leader in FTTH and SDH technologies and their expertise will allow WICE-NET to deliver our solutions to our customers more efficiently.''
``We are pleased to be the network solutions provider for WICE-NET's installations,'' said Suresh Pillai, Vice President of Nayna Networks, Inc. and Managing Director, India operations. ``WICE-NET has an innovative plan to deliver cost-effective broadband access to areas such as Africa and India and we are excited to be a part of their solution.''
-------------------- pennies rock...but only brav hearts allowed here Posts: 575 | From: seattle | Registered: Oct 2005
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you win some, you lose some. I probably would of held if I was going to be near a PC all day to keep an eye on it.
Looks like your a better pumper then me because it wasn't moving after I posted the stock earlier today Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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