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Woodland
Hills, Calif., November 7, 2000 – Vertel® (NASDAQ: VRTL), a leading provider of mediation software for telecommunications networks, has sold licenses of its telecommunications management network (TMN) product line to ZhinZhen Node and ZhongXing in China for implementation in several wireless projects.
"We are pleased that we are further penetrating the China market," said Cyrus D. Irani, president and CEO of Vertel. "We're happy to see that our TMN technology as well as our newer applications continue to be key components around the globe in wireless projects and especially pleased that our products are viewed as versatile enough to fit multiple standards."
ZhinZhen Node, an independent software vendor, will use the Vertel TMN development tools to build a Global System for Mobile Communications (GSM) monitoring application for a wireless equipment manufacturer in China.
"The Vertel line of development tools is a perfect fit for our wireless monitoring application project," said Yuan Jun, chief technical officer for ZhinZhen Node. "Additionally, Vertel has shown us an incredible amount of support in the evaluation and implementation stages, which is exactly what we needed."
ZhongXing Telecom, a telecommunications equipment developer and manufacturer, will build network management applications that include the Vertel technology for two wireless service providers based on two different standards, GSM and Code Division Multiple Access (CDMA).
"We were looking for a supplier that could help us build a network management application that would work in both the GSM and CDMA infrastructures," said Fu Tao, director, mobile communication software development for ZhongXing Telecom. "Vertel's TMN product suite was the perfect solution. We especially like the fact that the purchase of Vertel TMN tools would enable us to use the Vertel Mediation Framework in the future."
About ZhinZhen Node
ZhinZhen Node is an independent software vendor and system integrator in China, specialized in network management and Internet service. The company employs more than 100 people engaged in software development. It is a full subsidiary of the Haicheng Group, a very large system integrator and service provider focused on the pager business in China.
ZhinZhen Node developed numerous network management applications for China Telecom, China JiTong and China Mobile Communication. It established GSM mobile communication network management systems for JiangSu Mobile Communication, Shanghai Mobile Communication and Zhejiang Mobile Communication. Additionally, it has established "Capital online" for Beijing Telecom and an internet routing center for Shanghai Telecom.
About ZhongXing
ZhongXing (ZTE) is a large telecom equipment developer and manufacturer in China and is one of the 520 key state-owned enterprises acknowledged by the State Council. ZTE stock began trading on the Shenzhen Stock Exchange in November 1997. Owning complete marketing and after service system, ZTE has set up 26 sales offices, 26 service centers and 7 marketing & engineering service offices for private networks all over China. More than 40 marketing and engineering service branches have been set up worldwide.
ZTE has grown into a main equipment supplier for telecom network construction in China and has accumulated 20 million lines of ZTE equipment running on the Chinese networks of Telecom, Unicom, Broadcast & Television, Army and Railway.
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. Based in Woodland Hills, the company also 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.
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. These statements 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, but are not limited to: timely and successful introduction and customer acceptance of new and enhanced products, services and technologies in existing and new markets; the possibility that delays or difficulties will arise in implementing complex products, services and technologies and enabling them to work successfully with other complex products and technologies; the possible development and introduction of competitive products, services and new and alternative technologies; 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 December 31, 1999, and the Quarterly Report on Form 10-Q for the quarters ending March 31 and June 30, 2000. Vertel undertakes no obligation to correct inadvertent or intentional miscommunication by members of the media 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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