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Woodland
Hills, Calif., June 22, 2000 – Vertel® (NASDAQ: VRTL), a leading provider of mediation software for telecommunications networks, today announced that Korea's Electronic and Telecommunications Research Institute (ETRI) purchased the industry leading Vertel e*ORB core technology as well as e*ORB Naming Service and Notification Service.
ETRI will perform a final evaluation comparing the performance of the e*ORB software to that of other technology options. If ETRI selects e*ORB, it will recommend that all the local switch manufacturers in Korea adopt the technology for deployment in their next generation wireless and wireline switching development.
e*ORB software, the telecommunications industry's first CORBA-based technology designed with telecom-grade reliability, high- performance, small form factor and platform independence, was selected as a leading candidate by ETRI.
"We are very interested in the high-performance and small size of e*ORB," said Dr. D. Lee, executive director. "In addition, the pre-sales support which included on-site demonstrations of the product were especially helpful in making the decision to evaluate e*ORB."
"Vertel is very pleased that ETRI has included e*ORB in their final evaluation. We consider an endorsement from ETRI to be high praise for our product features and benefits," said Vertel Chief Executive Officer and Chairman Bruce W. Brown. "We have had a long-standing and valued relationship with ETRI that we look forward to continuing," Brown added.
About ETRI
ETRI is the leading research institute in Korea involved in the development and deployment of advanced technology for the telecommunications industry. ETRI was established in 1976 to contribute to the development of the Korean economy and society by developing new knowledge and technologies in information, telecommunications and electronics and to produce qualified manpower in the Information Technology field. ETRI has headquarters in Taejon, Korea.
About Vertel
Vertel is a leading provider of mediation software for telecommunications networks, enabling such devices as cellular phones to become an integral, intelligent part of a company's network topology. The company's pioneering mediation software, e*ORB(TM) is being adopted by top telecommunications, e-business and manufacturing companies. Vertel offers a variety of technologies and applications, supporting end-to-end network, and service management with the highest quality of service for network operations. Vertel solutions are deployed worldwide by service providers, network operators, software vendors and systems integrators. Vertel also develops turnkey management applications that fit individual customer requirements through its Professional Services Unit. The company is based in Woodland Hills, and has sales offices throughout the world.
For more information on Vertel or its products, contact Vertel at 21300 Victory Blvd., Suite 700, Woodland Hills, Calif. 91367; telephone: 818/227-1400; fax: 818/598-0047 or visit the Vertel Web site at
http://www.vertel.com.
"Safe Harbor" Statements under the Private Securities Litigation Reform Act of 1995: Except for the historical information presented, the matters discussed in this news release are forward-looking statements. These statements should be evaluated together with the many risks and uncertainties that affect our business, including timely and successful development of products and technologies; successful introduction and customer acceptance of new and enhanced products and technologies in existing and new markets; the possibility that delays or difficulties will arise in implementing complex products and technologies and enabling them to work successfully with other complex products and technologies; the possible development and introduction of competitive products and new and alternative technologies; pricing, currency and exchange risks; governmental and regulatory developments affecting Vertel and its customers; the ability to identify, conclude, and integrate acquisitions on a timely basis; the ability to retain and attract key personnel; and other risks and uncertainties detailed from time to time in public disclosure filings with the U.S. Securities and Exchange Commission (SEC) by Vertel, including, but not limited to, the Annual Report on Form 10-K for the year ended Dec. 31, 1999 and on Form 10-Q for the quarter ended March 31, 2000. . Vertel undertakes no obligation to obligation to update forward-looking statements made in this release to reflect events or circumstances after the date of this statement.
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