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Woodland
Hills, Calif., November 27, 2000 – Vertel® (NASDAQ: VRTL), a leading provider of middleware for the telecommunications market, today announced receipt of an additional agreement to purchase more developer licenses for its e*ORB core technology from Lucent Technologies.
This licensee relationship with Lucent was previously announced on Aug. 28, 2000, by Vertel as being with an unnamed customer described only as "one of the five largest U.S.-based wireless and optical network infrastructure equipment manufacturers," due to prevailing non-disclosure agreement requirements.
"New sales to Lucent serve as added testimony to a growing adoption rate for e*ORB's core technology in the wireless network infrastructure development space," said Cyrus D. Irani, president and CEO of Vertel. "During a lengthy and detailed evaluation, e*ORB successfully outperformed products from several other software developers in order to be selected for this important agreement."
Lucent will use Vertel's advanced CORBA implementation as a key part of the software development work underway on two different third- generation (3G) wireless network infrastructure equipment projects that span the world. Lucent's Swindon, England, office will be the headquarters for this assignment.
"We are very happy about continuing our relationship with Vertel," said Bernard McNamee, vendor manager OMC, at Lucent. "Vertel has a proven track record as a provider of high-quality middleware who will support us throughout the project development cycle. We chose Vertel for this particular 3G project for two reasons: first was our past history with Vertel, and second was our evaluation and testing process which confirmed the performance of the e*ORB technology."
3G is a specification for the third generation (analog cellular was the first generation and digital PCS was the second) of mobile communications technology which is designed to increase bandwidth.
"The forecast for the 3G market predicts heavy user demand in the next few years, and we're pleased to help in this development," said Patrick Tao, vice president marketing of Vertel. "We're glad that Lucent realized the many capabilities of e*ORB and saw the fit between our technology and their 3G project."
e*ORB is the first middleware 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 Lucent
Lucent Technologies, with headquarters in Murray Hill, N.J., designs and delivers the systems, software, silicon and services for next-generation communications networks for service providers and enterprises.
Backed by the research and development of Bell Labs, Lucent focuses on high-growth areas such as optical and wireless networks; Internet infrastructure; communications software; communications semiconductors and optoelectronics; Web-based enterprise solutions that link private and public networks; and professional network design and consulting services. For more information on Lucent Technologies, visit its Web site at
http://www.lucent.com.
About Vertel
Vertel is a leading provider of middleware for the telecommunications industry. Vertel provides high-performance, reliable middleware for connecting modern, distributed computing software. The company specializes in software that manages broadband, wireless and Internet networks and the embedded software that runs the hardware in these networks.
Vertel middleware provides software-to-software communication for connecting telecom management systems together, connecting the distributed software inside telecom network equipment and connecting the communication software of mobile devices such as handheld PDAs with network-based applications.
Vertel products are sold worldwide to network equipment manufacturers, service providers, software vendors and systems integrators. The company's customer base is a "who's who" of the telecom industry. 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 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. 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 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, June 30, and Sept. 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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