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Woodland
Hills, Calif., July 31, 2000 – Vertel® (NASDAQ: VRTL),
a leading provider of mediation software for telecommunications networks, today announced that the U.S. Department of Defense (DoD) has purchased a comprehensive package of Vertel products including Vertel Mediation Framework, the Java and C++ versions of e*ORB, CORBA Services including Naming, Logging and Notification Services, the Vertel CORBA Simulator and TMN Products. This latest order by the DoD is part of a multi-year contract.
DoD elements are undertaking a major redesign of their network management infrastructure that will allow standardization across an assortment of proprietary and commercial communications solutions that are not currently coordinated. This endeavor will provide greater visibility into the operational status of specific networks and can minimize the risk of unplanned service outages.
"We view Vertel's products to be of strategic value to the DoD's efforts to design and deploy a robust network management infrastructure," said Cyrus Irani, President and CEO of Vertel. "Vertel was chosen for its proven software technology as well as its professional services experience in architecting carrier grade network management solutions worldwide."
"The Department of Defense continues to be a significant customer for us," added Irani. "We are pleased that the DoD sought us out for additional licenses and services based on our prior relationship and our reputation for performance within the industry."
About Vertel
Vertel is a leading provider of mediation software for telecommunications networks, enabling a variety of devices, such as mobile devices, 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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