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TXP was established in late 2001, and is headquartered in a 47,000 SF facility in Richardson Texas. The company is made up of 3 business units:
1. TXP Texas Prototypes-A better bridge between OEMs and Contract Manufacturers. 2. TXP Retrofit Solutions-Help reduce cost to upgrade legacy telecom cabinets. 3. TXP ONT Solutions-Acceleration roll-out of new ‘fiber-to-the-home’ networks, connecting to (PONs) passive optical networks that are coming globally, like the FIOS program that Verizon is presently rolling out.
Led by Michael C. Shores, President & CEO who founded TXP, is an accomplished entrepreneur with a background in high-tech manufacturing. He started his career in the investment banking arena with Merrill Lynch, Lehman Brothers and Bear Stearns. Over the last decade, he has been successfully involved in helping launch new high tech products into the consumer, medical, military, networking, and telecommunications markets. Prior to founding TXP in late 2001, Mr. Shores helped start a New Product Introduction center (NPI) for Flextronics in Richardson, Texas and then went on to help launch their photonics division. Mr. Shores has a B.A. in Business from the University of Arkansas, TXP has a very strong management team and board of directors.
TXP has many established Fortune 1000 customers such as Avaya, HP, NEC, Raytheon, Motorola, Samsung Cisco Systems, Siemens and Texas Instruments, and major strategic partners.
Revenue increase 61% in the 3 months ending 9/30/07 over the previous year.
Increase customer base to 139 from 103 as of 9/30/07 from the previous year.
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TXP Enables Successful IPTV Rollout at Star Telephone by Eliminating Overheating in Existing Outside Plant Cabinet Network Tuesday January 8, 7:30 am ET
RICHARDSON, Texas--(BUSINESS WIRE)--Outside plant cabinet equipment from TXP Corporation (OTCBB:TXPO - News) has helped Star Telephone of North Carolina solve one equipment overheating problem and prevent many more.
TXP, an Original Design Manufacturer of engineered OSP cabinet retrofit solutions for the telecommunications industry, has provided Star Telephone with the equipment needed to refurbish more than 50 cabinets and keep them operating efficiently as the service provider installs additional equipment to provide advanced services to customers.
The Star Telephone-TXP relationship began in the summer of 2007 when newly installed equipment for providing IPTV services began malfunctioning. Not realizing the extent of the overheating in one particular cabinet, Star Telephone replaced the equipment, only to have it continue to malfunction. Once technicians realized that the problem wasn’t the equipment – it worked fine when the cabinet’s doors were open and the heat was dissipated – they recognized the real problem.
“We were seeing temperatures in that cabinet of 170 to 190 degrees,” said Tim Butler, Broadband Engineer for Star Telephone. Clark Honeycutt, Star Telephone’s Distribution Engineer, added that “we had never seen that kind of a heat issue before. It was a combination of the type of cabinet, an AFC 360, and the equipment we were putting into it.”
Star Telephone contacted TXP, which had already designed a Retrofit Heat Exchanger to fit a variety of cabinets, and provided it to Star to fix the problem. “That immediately dropped the temperature in the cabinet 40 to 60 degrees,” Butler said. The normal working temperature for the cabinet is up to 165 degrees.
Star Telephone then outfitted all of its AFC cabinets, including models 360, 240, and 672 with TXP RHX retrofit kits, to assure that the cabinets would accommodate the IPTV equipment that Star was rolling out for a major introduction of IPTV service late in 2007. The 51 cabinets represent about half of all the cabinets in Star Telephone’s network.
“The RHX kit is particularly well suited to cabinet retrofitting,” explained Paul Forzisi, Vice President of Sales and Marketing at TXP. “For its capacity, at 1000 watts, it is very compact, making it a perfect fit for cabinets with small doors.”
Star Telephone Membership Corporation provides a broad range of telecommunications services to customers in 1,458 square miles of southeastern North Carolina.
TXP’s retrofit solutions cover cabinets of all makes and sizes, providing power, cooling, mounting, and cabling solutions. Its retrofit kits are fully engineered to telco standards, with complete documentation, from feasibility through installation. TXP addresses the increasing need among service providers to migrate the equipment in their outside plant cabinets from traditional voice service to today’s high-speed data communications gear. Retrofitting the cabinets represents a huge savings over cabinet replacement.
With more than 500 cabinets upgraded, TXP counts among its retrofit customers two of the top seven U.S. telecom carriers and three of the industry’s top access system providers.
About TXP
TXP Corporation is an Original Design Manufacturer (ODM) for the telecommunications industry. Based in Richardson, Texas, TXP has three primary business units: TXP-Texas Prototypes, TXP-Retrofit Solutions, and TXP-ONT Solutions. TXP-Texas Prototypes provides pre-manufacturing services for the electronics industry that help original equipment manufacturers (OEMs) bring products to market both faster and more cost effectively. TXP-Retrofit Solutions provides custom engineering kits to enable ILECs (Incumbent Local Exchange Carriers) to upgrade their local access service delivery infrastructure at minimum cost and time. TXP’s retrofit kits enable a wide range of next generation telecom platforms to easily fit into the variety of remote cabinets that have been broadly deployed by ILECs over the last 30 years. TXP-ONT Solutions comprises the former Siemens’ Optical Network Terminal (ONT) development team hired in late 2006. This group develops and markets via an ODM model the iPhotonics family of ONT products to both OEMs and ILECs to be private-label branded. The ONT technology terminates the passive optical network at the home or business location, and enables integrated voice, video and high-speed internet access.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are "forward-looking statements" that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission which may cause actual results, performance and achievements of the company to be materially different from any future results, performance or achievements expressed or implied.
Contact: Media: TXP Corporation Paul Forzisi, 214-575-9300 or Investor Relations: Crescendo Communications David K. Waldman / Klea K. Theoharis, 212-671-1020
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TXP Hires Brent R. Troxel as Controller Wednesday January 23, 7:30 am ET RICHARDSON, Texas--(BUSINESS WIRE)--TXP Corporation (OTCBB: TXPO - News), an Original Design Manufacturer (ODM) for the telecommunications industry, today announced that it has hired Brent R. Troxel as Controller of the company.
Brent Troxel began his career as an audit and tax accountant at Arthur Andersen & Co. in 1981. In 1984, he was hired by GTE where he made significant enhancements to profit margins, revenue growth and overall operations in the divisions he managed for the next 16 years. As Manager, Business Solutions and Divestitures at GTE, Mr. Troxel participated in the negotiation of business alliances to generate new revenue opportunities for GTE Strategic Business Units and evaluated numerous acquisition and merger scenarios during the establishment of Verizon Wireless. Mr. Troxel has spent the last seven years at Verizon Communications where he held senior positions in the Enterprise Marketing Group. In these roles he evaluated critical business issues and significantly enhanced the P&L management of a new business venture. He also was involved in developing complex business solutions for Verizon’s Enterprise customers that resulted in the award of new business totaling millions of dollars. Mr. Troxel holds a Master of Business Administration in Telecommunications Management from the University of Dallas and a Bachelor of Science degree in Business from Indiana University. He is also a Certified Public Accountant.
Michael C. Shores, President and Chief Executive Officer of TXP, commented, “Brent’s extensive background in the telecom industry combined with his strategic and tactical financial expertise make him an important addition to our team and we are pleased to have him on board. TXP is on a strong growth trajectory and a solid infrastructure is crucial to our ability to handle that growth. Brent’s proven ability to effectively address the multi-faceted demands of the role will be a strong contributor to our efforts.”
About TXP
TXP Corporation is an Original Design Manufacturer (ODM) for the telecommunications industry. Based in Richardson, Texas, TXP has three primary business units: TXP-Texas Prototypes, TXP-Retrofit Solutions, and TXP-ONT Solutions. TXP-Texas Prototypes provides pre-manufacturing services for the electronics industry that help original equipment manufacturers (OEMs) bring products to market both faster and more cost effectively. TXP-Retrofit Solutions provides custom engineering kits to enable ILEC’s (Incumbent Local Exchange Carriers) to upgrade their local access service delivery infrastructure at minimum cost and time. TXP’s retrofit kits enable a wide range of next generation telecom platforms to easily fit into the variety of remote cabinets that have been broadly deployed by ILEC’s over the last 30 years. TXP-ONT Solutions comprises the former Siemens’ Optical Network Terminal (ONT) development team hired in late 2006. This group develops and markets via an ODM model the iPhotonics family of ONT products to both OEMs and ILECs to be private-label branded. The ONT technology terminates the passive optical network at the home or business location, and enables integrated voice, video and high-speed internet access. For more information visit: www.txpcorp.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are "forward-looking statements" that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission which may cause actual results, performance and achievements of the company to be materially different from any future results, performance or achievements expressed or implied.
Contact:
Media: TXP Corporation Paul Forzisi, 214-575-9300 or Investor Relations: Crescendo Communications, LLC David K. Waldman / Klea K. Theoharis 212-671-1020
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TXP Signs Distribution Agreement with FONEX Data Systems Tuesday February 5, 7:30 am ET RICHARDSON, Texas--(BUSINESS WIRE)--TXP Corporation (OTCBB: TXPO - News), an Original Design Manufacturer (ODM) for the telecommunications industry, has signed an agreement with FONEX data systems inc. (FONEX) to distribute TXP’s Optical Network Terminals in Canada and France. FONEX is a leading telecommunications equipment provider focused on delivering optimized, purpose-built solutions for wireline and wireless operators worldwide.
Pasquale Di Pierro, President and Founder of FONEX, commented, “TXP is the ideal partner for our telecommunications customers throughout France and Canada who are looking for low-cost, yet reliable solutions. The small size and ease of installation of their new ONTs makes them well-suited for service providers deploying Fiber-to-the-Premises (FTTP) in multi-dwelling and single living units. The new models can be mounted indoors, and with remote powering over Ethernet, should dramatically reduce installation and maintenance costs for our service provider customers.”
Michael C. Shores, President and Chief Executive Officer of TXP, commented, “We look forward to marketing our ONT solutions throughout France and Canada in cooperation with FONEX. The company has a broad technical support staff, as well as the ability to assist with new product introductions and provide assistance with both logistics and warehousing. Our new 7200G family of mini-size, Power-over-Ethernet (POE) Gigabit Passive Optical Network (GPON) ONTs are only one quarter the size of current generation GPON ONTs, making them ideally suited for FONEX’s customers who are looking for an indoor ONT solution.”
About FONEX data systems inc.
Founded in 1989, FONEX data systems inc. (FONEX) is a telecommunications equipment provider focused on delivering optimized, purpose-built solutions for both wireline and wireless operators. We combine our collective knowledge of telecommunication architectures, standards, market trends and technologies with a leading edge portfolio of carrier-class products to customize innovative and tangible Access and Metro Edge Network value propositions that deliver to our customers’ business, technical and operational requirements.
About TXP
TXP Corporation is an Original Design Manufacturer (ODM) for the telecommunications industry. Based in Richardson, Texas, TXP has three primary business units: TXP-Texas Prototypes, TXP-Retrofit Solutions, and TXP-ONT Solutions. TXP-Texas Prototypes provides pre-manufacturing services for the electronics industry that help original equipment manufacturers (OEMs) bring products to market both faster and more cost effectively. TXP-Retrofit Solutions provides custom engineering kits to enable ILEC’s (Incumbent Local Exchange Carriers) to upgrade their local access service delivery infrastructure at minimum cost and time. TXP’s retrofit kits enable a wide range of next generation telecom platforms to easily fit into the variety of remote cabinets that have been broadly deployed by ILEC’s over the last 30 years. TXP-ONT Solutions comprises the former Siemens’ Optical Network Terminal (ONT) development team hired in late 2006. This group develops and markets via an ODM model the iPhotonics family of ONT products to both OEMs and ILECs to be private-label branded. The ONT technology terminates the passive optical network at the home or business location, and enables integrated voice, video and high-speed internet access. For more information visit: www.txpcorp.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are "forward-looking statements" that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission which may cause actual results, performance and achievements of the company to be materially different from any future results, performance or achievements expressed or implied.
Contact:
Media: Dux Public Relations Kevin Tanzillo, 972-889-9577 or Investor Relations: Crescendo Communications, LLC David K. Waldman / Klea K. Theoharis 212-671-1020
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