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Woodland
Hills, Calif., December 11, 2000 – Vertel® (NASDAQ: VRTL), a leading provider of middleware for the telecommunications market, has sold development licenses for its e*ORB core technology and two CORBA software packages to Korea Telecom, a leading provider of telecommunication services in Korea.
Korea Telecom Access Network Lab (ANL) will implement the e*ORB technology and CORBA naming and notification software in an element management system prototype for the development of a wireline project, which will allow multimedia to be brought into the home or office.
"We're happy that e*ORB is now being adopted in Asia and that the word is spreading around the world about the capabilities of our technology," said Cyrus D. Irani, president and CEO of Vertel. "Korea Telecom needed a technology to seamlessly link their two systems and e*ORB was a perfect solution for them."
The element management system will be interconnected to a CORBA(TM)-based network management system. Both run on the SUN Solaris operating system. The network being managed is an asynchronous transfer mode passive optical network (ATM-PON) delivering multimedia services to the customer premises.
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 Korea Telecom
Korea Telecom is the leading provider of telecommunications services in Korea. Services provided include local, domestic long-distance, and international long-distance telephone service, as well as business, data, Internet, mobile telecommunications and satellites. For more information on Korea Telecom, visit
http://www.kt.co.kr.
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 hand-held 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 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 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 successful development and deployment by customers of the company's products; 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 December 31, 1999, and the Quarterly Report on Form 10-Q for the quarter ending September 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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