TXP Signs Distribution Agreement with FONEX Data Systems
Tuesday February 5, 7:30 am ET
RICHARDSON, Texas--(BUSINESS WIRE)--
TXP Corporation (OTCBB:
TXPO -
News), an Original Design Manufacturer (ODM) for the telecommunications industry, has signed an agreement with FONEX data systems inc. (FONEX) to distribute TXP’s Optical Network Terminals in Canada and France. FONEX is a leading telecommunications equipment provider focused on delivering optimized, purpose-built solutions for wireline and wireless operators worldwide.
Pasquale Di Pierro, President and Founder of FONEX, commented, “TXP is the ideal partner for our telecommunications customers throughout France and Canada who are looking for low-cost, yet reliable solutions. The small size and ease of installation of their new ONTs makes them well-suited for service providers deploying Fiber-to-the-Premises (FTTP) in multi-dwelling and single living units. The new models can be mounted indoors, and with remote powering over Ethernet, should dramatically reduce installation and maintenance costs for our service provider customers.”
Michael C. Shores, President and Chief Executive Officer of TXP, commented, “We look forward to marketing our ONT solutions throughout France and Canada in cooperation with FONEX. The company has a broad technical support staff, as well as the ability to assist with new product introductions and provide assistance with both logistics and warehousing. Our new 7200G family of mini-size, Power-over-Ethernet (POE) Gigabit Passive Optical Network (GPON) ONTs are only one quarter the size of current generation GPON ONTs, making them ideally suited for FONEX’s customers who are looking for an indoor ONT solution.”
About FONEX data systems inc.
Founded in 1989, FONEX data systems inc. (FONEX) is a telecommunications equipment provider focused on delivering optimized, purpose-built solutions for both wireline and wireless operators. We combine our collective knowledge of telecommunication architectures, standards, market trends and technologies with a leading edge portfolio of carrier-class products to customize innovative and tangible Access and Metro Edge Network value propositions that deliver to our customers’ business, technical and operational requirements.
About TXP
TXP Corporation is an Original Design Manufacturer (ODM) for the telecommunications industry. Based in Richardson, Texas, TXP has three primary business units: TXP-Texas Prototypes, TXP-Retrofit Solutions, and TXP-ONT Solutions. TXP-Texas Prototypes provides pre-manufacturing services for the electronics industry that help original equipment manufacturers (OEMs) bring products to market both faster and more cost effectively. TXP-Retrofit Solutions provides custom engineering kits to enable ILEC’s (Incumbent Local Exchange Carriers) to upgrade their local access service delivery infrastructure at minimum cost and time. TXP’s retrofit kits enable a wide range of next generation telecom platforms to easily fit into the variety of remote cabinets that have been broadly deployed by ILEC’s over the last 30 years. TXP-ONT Solutions comprises the former Siemens’ Optical Network Terminal (ONT) development team hired in late 2006. This group develops and markets via an ODM model the iPhotonics family of ONT products to both OEMs and ILECs to be private-label branded. The ONT technology terminates the passive optical network at the home or business location, and enables integrated voice, video and high-speed internet access. For more information visit:
www.txpcorp.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are "forward-looking statements" that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission which may cause actual results, performance and achievements of the company to be materially different from any future results, performance or achievements expressed or implied.
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Source: TXP Corporation