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Woodland
Hills, Calif., July 17, 2000 – Vertel® (NASDAQ: VRTL), a leading provider of mediation software for telecommunications networks, today announced that the
opt[e]way Research and Development Center in France has purchased e*ORB core technology software for the purposes of developing a prototype to embed in its next-generation servers which control the vectoring of its unique interactive mapping technology. This is
opt[e]way's first evaluation of a CORBA-based technology for use within its server architecture.
"The small footprint and the performance of e*ORB makes it the logical choice for communicating with the small footprint of our
opt[e]way geo-dependent services delivery platform," said Jean-Francois Caze, vice president research & development at
opt[e]way. "The support and commitment of the Vertel team to our project was also a strong factor in our decision-making process," added Caze.
"We are very pleased to be part of the prototype that opt[e]way is developing," said Cyrus Irani, president and chief executive officer of Vertel. "We believe that this further demonstrates the versatility of our e*ORB technology and expect that
opt[e]way will be very pleased with the performance and size of our product," Irani added.
About opt[e]way
Created in 1998, opt[e]way (www.opteway.com) develops and markets a unique client & server software platform enabling multi-access (PCs, PDAs, cell phones) geo-dependent services delivery. Targeted at mobile telecom operators, Internet service portals and corporate intranets, the
opt[e]way software platform allows unlimited value-added mobile location services creation using wireless/wireline connections, WAP or SMS.
opt[e]way is based in Sophia Antipolis (south of France), with sales offices in Paris and Redwood City (U.S.).
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, Calif., and has sales offices throughout the world.
For more information on Vertel or its products, contact Vertel at 21300 Victory Boulevard, 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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