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Woodland
Hills, Calif., September 19, 2000
CORBA-Based Mediation Software Licensed for Second Time in Recent Weeks by Another Large Telecom Equipment Manufacturer
Vertel(R) Corp. (Nasdaq:VRTL), a leading provider of mediation software for telecommunications networks, today announced receipt of an agreement to purchase multiple developer licenses for its e*ORB(TM) core technology from a large U.S.-based telecommunications manufacturer and government contractor. The customer has agreed to purchase e*ORB software for both the VxWorks and Windows NT operating systems.
This is the second licensing contract for e*ORB in recent weeks from a large U.S.-based telecom equipment manufacturer for use in a new wireless product. This most recent customer plans to install e*ORB within a mobile wireless networking system.
"This agreement is another step in the right direction for Vertel and e*ORB," explained Cyrus D. Irani, president and CEO of Vertel. "We believe that this agreement further confirms the acceptance of e*ORB and its small footprint as an exceptional CORBA-based platform for the embedded telecommunications infrastructure market. Our clients are looking for technology partners with high-performing technology and the customer support to back it up. We believe that we were selected for this project because of our reputation for delivering both."
While Vertel expects to receive some minor revenues in the current quarter of this year as a result of this agreement, the company has the potential to realize much greater revenues in future periods in the form of run-time royalties upon successful future deployment of the customer's products containing e*ORB.
"We are focused on customer acquisition and building a base of long-term customers," Irani said. "That's the best way for us to build a healthy revenue stream for the future."
About e*ORB
e*ORB is the first mediation software product of its kind to combine the interoperability of the Common Object Request Broker Architecture (CORBA) -- one of the most widely deployed middleware frameworks in enterprise computing -- with the performance, reliability and scalability required to develop and deploy integrated voice/data/video services over optical, IP and wireless networks.
Key benefits of that combination include a level of high performance that allows for real-time processing, a low memory footprint that makes it ideal for the kind of smaller CPUs increasingly used in handheld and other mobile devices, support for multiple communications protocols and portability across many operating environments.
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. Vertel's pioneering mediation software, e*ORB(TM), continues to be 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 Statement: Except for the historical information presented, the matters discussed in this news release are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, among others, statements regarding potential run-time royalties to Vertel upon successful future deployment of products containing e*ORB. All forward-looking statements contained in this news release should be evaluated together with the many risks and uncertainties that affect our business and may cause results to differ materially from those set forth in the statements. These include 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 retain and attract key personnel; and other risks and uncertainties detailed from time to time in Vertel's periodic and other reports filed 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 the Quarterly Report on Form 10-Q for the quarters ended March 31 and June 30, 2000. Vertel undertakes no obligation to correct inadvertent or intentional miscommunication by members of the press of the company's formal or informal statements to the media or to update forward-looking statements made in this release to reflect events or circumstances after the date of this statement.
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