posted
Moving up... Whats your take on this Superman. Is this just a volume play for you or do you have some DD?
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
| IP: Logged |
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.''
About WICE-NET
WICE-NET provides an innovative and advanced broadband access mechanism through an intelligent Metropolitan Area Network with capacity to deliver multiple services at affordable cost which is beyond the reach of existing technologies.
About Nayna Networks, Inc.
Nayna Networks, Inc. delivers next-generation network solutions. More information is available at http://www.nayna.com/.Posts: 575 | From: seattle | Registered: Oct 2005
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
